Attachments: Jerry's new session break-out strategy

Jerry's new session break-out strategy

#41
Jan 7, 2013 10:24am Jan 7, 2013 10:24am

fxpro123
| Joined Sep 2010 | Status: Trader | 20 Posts

Im very interested to learn this strategy. Jerry kindly please me your parameters. Thank you!

#42
Jan 7, 2013 11:15am Jan 7, 2013 11:15am

Mtinifx
Joined Feb 2011 | Status: Trader | 6,018 Posts

Quoting jdva

Disliked

JBO backtesing afternoon:

EG +10
CHFJ +10
AU BE
GU no trade (+10 but possible entry after time-out according to the rules)

Ignored

Thanks jdva

That's great. Wasn't looking at CJ , AU and UC - but why not!

#43
Jan 7, 2013 11:27am Jan 7, 2013 11:27am

Mtinifx
Joined Feb 2011 | Status: Trader | 6,018 Posts

Quoting fxpro123

Disliked

Im very interested to learn this strategy. Jerry kindly please me your parameters. Thank you!

Ignored

Not sure how to send you a PM

Otherwise I need your email address or something.

#44
Jan 7, 2013 2:47pm Jan 7, 2013 2:47pm

Mtinifx
Joined Feb 2011 | Status: Trader | 6,018 Posts

Hi everyone

AFTERNOON SESSION RESULTS

GU +10
EU +10 (possible + 50 if left open!!)

Guys I am posting my template below as some people have asked me for it.

I use different EMA's - 12, 28, 62 200
Asian session high / low
BRN (big round number) levels
Daily pivot levels

Attached File(s)

FBS Pivots.mq4 15 KB | 471 downloads

Grid Builder.mq4 3 KB | 409 downloads

MACD_4CZ.mq4 4 KB | 414 downloads

p1m1t.mq4 15 KB | 441 downloads

MA_Bounce_Candle_Indicator.mq4 2 KB | 433 downloads

new session breakout template.tpl 82 KB | 464 downloads

#45
Jan 7, 2013 3:21pm Jan 7, 2013 3:21pm

Mtinifx
Joined Feb 2011 | Status: Trader | 6,018 Posts

Using dynamic support/resistance areas and horizontal support/resistance levels to adjust placement of our SL

Hi everyone,

Have a look at the chart below.

Sometimes (as happened today with EJ and yesterday with GU) our trade is triggered but because our stop loss is “exposed” it gets hit!

So what one can do is place the SL “behind” strong support/resistance areas. As long of course if it (the SL) is not going to to be too far away to make the trade untenable.

I have marked (with white lines) areas where this kind of approach might have been a good idea (if we had opened trades at that time going in the opposite direction)

Rgds

Jerry

Attached Image (click to enlarge)

Click to Enlarge

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#46
Jan 7, 2013 10:02pm Jan 7, 2013 10:02pm

Mtinifx
Joined Feb 2011 | Status: Trader | 6,018 Posts

Hi everyone

It's heartwarming and encouraging to receive the very many PM's and comments from GENUINE FOREX TRADERS who appreciate a good strategy

Thanks to all

Really appreciated

Jerry

#47
Jan 7, 2013 10:07pm Jan 7, 2013 10:07pm

Mtinifx
Joined Feb 2011 | Status: Trader | 6,018 Posts

Hi everyone

Just wanted to mention a couple of great forecast sites that I check out on a daily basis for market direction.

1/ youtube.com/user/fxbootcamp - check out the latest uploaded video "market alerts" VERY useful

2/ http://www.actionforex.com/action-insight/ - very nice for checking outlook on direction for the main pairs

#48
Jan 8, 2013 2:22am Jan 8, 2013 2:22am

jdva
Joined Jun 2012 | Status: Trader | 1,281 Posts

Quoting jmtini

Disliked

Using dynamic support/resistance areas and horizontal support/resistance levels to adjust placement of our SL

Hi everyone,

Have a look at the chart below.

Sometimes (as happened today with EJ and yesterday with GU) our trade is triggered but because our stop loss is “exposed” it gets hit!

So what one can do is place the SL “behind” strong support/resistance areas. As long of course if it (the SL) is not going to to be too far away to make the trade untenable.

I have marked (with white lines) areas where this kind of approach might have...

Ignored

EJ -10 today...

okay you are right, my mistake it was not a good idea to place a sellstop just above support area and RN