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  • #2,821
  • Jul 17, 2012 7:13am Jul 17, 2012 7:13am
Quoting LarryK
For reasons best known to themselves the Swiss National Bank (SNB) have decided that the CHF will be tied to the EUR within the narrow range that you observed.
It might be related to the fact lots of house loans credits has been contracted these last 10 years in CHF, but repayable in EUR. If CHF rises, these loan's interest and due capital increase drastically, creating a potentially dangerous situation (remember subprimes...).
Meeeooow !!!
  • #2,822
  • Jul 17, 2012 8:27am Jul 17, 2012 8:27am
Hi Forexhard! I'm new on this thread. I find your trading methodology really interesting. So far I could read the posts only up to page 70 and I've two questions I would like to ask you. I hope it was not answered later in the thread.

I could understand that you take a trade on the close of the second successive bar closing above the upper buffer or below down buffer.
And also the breakout bar should be smaller than 15 pips.

1) Do you still enter a trade if the second bar is already closing quite far from the box?

2) I could understand that you take profit at 25 pips. Do you close the whole trade and you're happy with it or you try to catch bigger moves?

Regards,
Daniel
  • #2,823
  • Jul 17, 2012 8:58am Jul 17, 2012 8:58am
Quoting dvarrin
Hi Forexhard! I'm new on this thread. I find your trading methodology really interesting. So far I could read the posts only up to page 70 and I've two questions I would like to ask you. I hope it was not answered later in the thread.

I could understand that you take a trade on the close of the second successive bar closing above the upper buffer or below down buffer.
And also the breakout bar should be smaller than 15 pips.

1) Do you still enter a trade if the second bar is already closing quite far from the box?

2) I could understand...
Hi Daniel, welcome here if you want to learn to trade successfully.

If you look back a page or two from here you will learn that you have to find you own way to trade this system, nearly everyone here has their own twist that works for them and their style.

The trick is to back test, find something that would work for you, when you can trade, and then test it forward on a demo account or small live account if you want to experience the real emotion of being in a trade. Excuse me for presuming you are not an experienced trader.

Larry
  • #2,824
  • Jul 17, 2012 9:42am Jul 17, 2012 9:42am
Nice trade no 2 for me got the 50 pips, yesterday as well

Larry
Attached Image (click to enlarge)
Click to Enlarge Name: eu jul 7.jpg Size: 78 KB
  • #2,825
  • Jul 17, 2012 9:59am Jul 17, 2012 9:59am
Quoting LarryK
Nice trade no 2 for me got the 50 pips, yesterday as well

Larry
Hi Larry,
That trade is not so much according to the SSBO rules I think. It is more like news trade, having in mind the Big Ben testimones at 17 00. Am I correct or m I missing something of FX Hards' rules.
Reg, Moreol
  • #2,826
  • Jul 17, 2012 10:01am Jul 17, 2012 10:01am
1700H my time of coursse CET +1H
  • #2,827
  • Jul 17, 2012 10:37am Jul 17, 2012 10:37am
Hope some of you caught this nice GU +75 pips
I took 1/3 at 9pips 1/3 at 25pips move balance to be+25 then TS 15
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 27 KB
  • #2,828
  • Jul 17, 2012 10:49am Jul 17, 2012 10:49am
Hi everyone.
I am a very quiet in this forums. However I have followed this system for quite a while and found it very suitable for me.
This morning on Eur/USD I got a buy signal, however price came back and Hedge it to protect losses. This is something important specially in such news days.

Thanks to the author and all developers for such a great generosity with their knowledge.
Attached Image
  • #2,829
  • Jul 17, 2012 11:16am Jul 17, 2012 11:16am
Pic showing my last CZ, and the PA which followed.

Since my default bar setting is 30 I am going to miss some of the CZ's that you guys are seeing with your smaller values. If your default bar setting is 22 or 24, for example, you will get CZ's that my indi passes over. But it increases my confidence level to do this, so I don't mind waiting.
Attached Image (click to enlarge)
Click to Enlarge Name: waiting.gif Size: 95 KB
To improve is to change. To perfect, is to change often.
  • #2,830
  • Jul 17, 2012 11:45am Jul 17, 2012 11:45am
By the way. The picture in this post was from EUR/USD on Alpari Demo Pro.

Quoting jfernandogg
Hi everyone.
I am a very quiet in this forums. However I have followed this system for quite a while and found it very suitable for me.
This morning on Eur/USD I got a buy signal, however price came back and Hedge it to protect losses. This is something important specially in such news days.

Thanks to the author and all developers for such a great generosity with their knowledge.
  • #2,831
  • Jul 17, 2012 1:28pm Jul 17, 2012 1:28pm
Quoting dryclean
Hope some of you caught this nice GU +75 pips
I took 1/3 at 9pips 1/3 at 25pips move balance to be+25 then TS 15
dryclean, what did you do with the losing trade before? There was first a long entry, but price went then back down through the bottom of the box triggering a stoploss.

I made 25 pips on the second trade, but I've lost more than 37 on the first one.
  • #2,832
  • Jul 17, 2012 2:00pm Jul 17, 2012 2:00pm
Quoting Moreol
Hi Larry,
That trade is not so much according to the SSBO rules I think. It is more like news trade, having in mind the Big Ben testimones at 17 00. Am I correct or m I missing something of FX Hards' rules.
Reg, Moreol
As you can see from my chart that I have a CZ box and price broke out long earlier which I traded and took the subsequent loss when it did not follow through, that happens, a lot. Then there was a big move down, which triggered my short order and it went to profit in exactly 31 minutes for my TP. I don't know why the price moved, nor do I care, what I do know is that price broke out of my CZ and I traded it.

If you have read my previous posts you will see that I suggest that individuals find their own way of trading this strategy, I am just SO grateful that FXH and SQ together made it possible to find a way for me to trade this strategy successfully.

I don't actually care a rat''s arse whether it is strictly according to your interpretation of the 'rules'.

Larry
  • #2,833
  • Jul 17, 2012 2:16pm Jul 17, 2012 2:16pm
I'm testing this methodology but I have many losses and I'm far from trading it profitably. When it goes well I win 25 pips and when it goes wrong, I'm losing at least 37 pips. Only to check, I visually backtested the strategy since the 23th of May 2012 and there are as many winning trades than there are losing trades, and as the losing trades are bigger, the result is not positive.

Did I miss some filters indicating when we should take a trade or not?
  • #2,834
  • Jul 17, 2012 2:36pm Jul 17, 2012 2:36pm
Quoting dvarrin
I'm testing this methodology but I have many losses and I'm far from trading it profitably. When it goes well I win 25 pips and when it goes wrong, I'm losing at least 37 pips. Only to check, I visually backtested the strategy since the 23th of May 2012 and there are as many winning trades than there are losing trades, and as the losing trades are bigger, the result is not positive.

Did I miss some filters indicating when we should take a trade or not?
Dvarrin, attached is the corner info graph from the latest version of our custom indicator. If you have been following the thread, then you will understand what most of the information relates to. But if you have not, then this info won't mean too much. So if you can't "read" it the same as me or Larry, then you need to go back to about page #100 and start again.
Attached Image
To improve is to change. To perfect, is to change often.
  • #2,835
  • Jul 17, 2012 2:56pm Jul 17, 2012 2:56pm
Thank you very much for your answer Forexhard. I'll go back and read further and come back a bit later with more profit hopefully ;-)
  • #2,836
  • Jul 17, 2012 4:19pm Jul 17, 2012 4:19pm
Quoting dvarrin
dryclean, what did you do with the losing trade before? There was first a long entry, but price went then back down through the bottom of the box triggering a stoploss.

I made 25 pips on the second trade, but I've lost more than 37 on the first one.
I didn;t take that trade cause it did not originate from the original CZ

Look at it again, it just went about 10/15 percent of the way into the CZ
I like when it bounces more inside the original range
  • #2,837
  • Edited 4:34am Jul 18, 2012 4:24am | Edited 4:34am
Hello...

Having read that FH prefers quality over quantity I've ensured the pairs I'm trading are around the 2.0 boxes per week mark. One of the things I'm reading through the thread for at the moment is where a breakout has occurred but your entry is a fair way outside the buffer zone (mine is set to 7 pips with two candles close).

Example

http://img15.imageshack.us/img15/4974/toofarg.jpg (http://imageshack.us/photo/my-images/15/toofarg.jpg/)

From what I understand a lot of people put their SL at the opposite end of the box...

BUT knowing that R:R is essential....when your entry is that far away and your setting your SL at the other side of the box...

In essence my question is....should I take the above with a pinch of salt and assume the odds are in my favour or be more aggressive with moving my stop to break even?

I'm happy enough with a fixed SL of 30 pips away from my entry point I just wanted to gauge opinion on this type of entry where price has moved a fair distance from the box before entry.

Cheers guys,

Mr P

Edit
----

A perfect example of what I'm asking happening right now on E/U

http://img163.imageshack.us/img163/2240/toofar2.jpg (http://imageshack.us/photo/my-images/163/toofar2.jpg/)
  • #2,838
  • Jul 18, 2012 4:54am Jul 18, 2012 4:54am
Found the solution.......tighter stop loss and aim for less pips, my bad. Was mentioned way back.

Apologies
  • #2,839
  • Jul 18, 2012 6:24am Jul 18, 2012 6:24am
@ Mr Pippy...

What you have to keep in mind as you read through, is that this thread started as a naked trading system. All the trade boxes were hand drawn at the start. Which only changed when Squalou volunteered to make the indicator. Which means that even I had to learn my own way around the indicator, since it was just as new to me as it was to everyone else. So if you see me using a different setting on page #120 than I was using on page #80, that's me refining my own personal indi settings and templates, etc., same as I recommend that everyone does for themselves, too.

In those early days I used a 2-candle close, and so that became the default setting. The idea being that waiting for 2 consecutive bars to close on the same side of the buffer line was an indicator of momentum. And if you're being extra cautious, it's probably still a good idea to use it. I certainly don't see anything wrong with the concept. But it does have that one draw back as you have pointed out, that sometimes that second candle closes further away from the buffer line than you would like. Some times, in fact, it causes you to miss the best part of the breakout all together.

I saw all of these things, too. And after weighing the pros and the cons, I decided that the best tactic for me was to set the candle open to zero, and to add several more bars to the CZ finder. That way I still get the quicker breakout take off and the shorter SL value/distance to the opposite side of the CZ, which are the optimum values we all hope for any way. BUT... the down side is that I have many fewer CZ's showing as a result of these personal choices and refinements.

There are 2 main lessons I'm pointing to here: First, We still have folks drawing boxes by hand, so using the indicator is certainly not mandatory. And second, if you do choose to use it, then experiment and find the settings that work best for your trading style and risk management, just like I had to do.
To improve is to change. To perfect, is to change often.
  • #2,840
  • Jul 18, 2012 6:48am Jul 18, 2012 6:48am
Quoting forexhard
@ Mr Pippy...

What you have to keep in mind as you read through, is that this thread started as a naked trading system. All the trade boxes were hand drawn at the start. Which only changed when Squalou volunteered to make the indicator. Which means that even I had to learn my own way around the indicator, since it was just as new to me as it was to everyone else. So if you see me using a different setting on page #120 than I was using on page #80, that's me refining my own personal indi settings and templates, etc., same as I recommend that everyone...
Really great information what you've written here Forexhard! I going on reading the thread and what I could notice is that the setting of the parameter is really key to this system. I've noticed that the breakouts look much better if we increase the number of bars in a box. And this correspond to what you've told us here.

And as you've explained us, we have to play with the parameters to reach a number of box of 2 to 3 per week. If we don't use the ADR, then we can only change the BoxLength and the BoxRange to target the correct amount of boxes per week. But the key parameter seems to be the BoxLength.

If we come to two different settings giving the targeted number of boxes per week, for example:

BoxRange=30 / BoxLength=25
BoxRange=25 / BoxLength=25

then of course the second setting is better, but if we come with the two settings below:

BoxRange=30 / BoxLength=35
BoxRange=25 / BoxLength=25

the first one seems much better if we look at the chart.


Forexhard, why didn't you insist more for us to really pay attention to the box parameters? ... Kidding :-)
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