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4H Box Breakout

  • #5,201
  • Mar 19, 2013 9:41pm Mar 19, 2013 9:41pm
[quote=steve d;6529217]
Quoting behman8850

Hi BEHMAN, If you used one hour candles you may match my figures......You can use your figures if you like, remember that this is only a speculative method of trading...no attention to the required trading skills or tools, real traders use real methods...THIS ISN'T ONE OF THEM...!!

There are many methods of trading and we need to learn properly from approved threads and websites, books, etc.

This is really a bit of fun, some weeks you win, some weeks you lose...!!!

Cheers
ok steve, thank you.
  • #5,202
  • Mar 19, 2013 10:01pm Mar 19, 2013 10:01pm
Just want to say to newbies and not so experienced traders.
These days price is predominantly influaced by news and sun 4hr candle is not an indication that price will continue either direction of breakout for the rest of the week.
please show discretion.
In trading, you have to be defensive and aggressive at the same time
  • #5,203
  • Mar 20, 2013 1:29am Mar 20, 2013 1:29am
Well said,,,,I have mentioned keeping it on DEMO accounts. I do it live to very small sums.....a bit like putting a small bet on a horse...!!

It is a way to meet newbies and to get used to placing entry orders,stops, etc...

Can I ask you to tell us which Country you are posting from too...

If you have any threads to recomend, please do so here too,.

I think it is a great way to put your place on the map..I am in Coff's Harbour, Australia...Cheers all
  • #5,204
  • Mar 20, 2013 2:37am Mar 20, 2013 2:37am
Quoting steve d
Well said,,,,I have mentioned keeping it on DEMO accounts. I do it live to very small sums.....a bit like putting a small bet on a horse...!!

It is a way to meet newbies and to get used to placing entry orders,stops, etc...

Can I ask you to tell us which Country you are posting from too...

If you have any threads to recomend, please do so here too,.

I think it is a great way to put your place on the map..I am in Coff's Harbour, Australia...Cheers all
I live in Boston
Some information on my profile.
What is important is to be able to dance with price.Not stepping on feet and not being out of step.This system is weak on many levels.
It is assumed what happens on sun 4hr candle should carry on rest of week.
One only needs to look at daily calendar (red boxes) to get an idea...that is seldom the case.
Trading is lot more involved.There is no lazy place orders and forget about it.

this thread has some of the brightest minds at FF
http://www.forexfactory.com/showthread.php?t=345586
In trading, you have to be defensive and aggressive at the same time
  • #5,205
  • Mar 20, 2013 5:30pm Mar 20, 2013 5:30pm
Thanks for the reply, I have had a good look around the threads on this forum and others,

I have been left disappointed with most of them...simply because they get too technical for newcomers,

the one you recommended is so advanced that I cannot understand a thing they are talking about..

As a newcomer to any thread it is virtually impossible to read and understand the 20,000 or so postings...I have tried and tried...!!!

Good luck to all those who happily post away on these complex threads, I wish them every success,

the only one thread that I am intrigued by is ICHIMOKU, there is a relatively new thread on here which is great

I wonder what you, as a seasoned trader, think of this method,

Cheers Steve
  • #5,206
  • Mar 20, 2013 5:35pm Mar 20, 2013 5:35pm
Quoting steve d
Thanks for the reply, I have had a good look around the threads on this forum and others,

I have been left disappointed with most of them...simply because they get too technical for newcomers,

the one you recommended is so advanced that I cannot understand a thing they are talking about..

As a newcomer to any thread it is virtually impossible to read and understand the 20,000 or so postings...I have tried and tried...!!!

Good luck to all those who happily post away on these complex threads, I wish them every success,

the only...


Hey Steve! How you doing?
i trade mostly 4 hr. or 1 hr. support and resistance method. I have an indi of Barry. i find it very convenient n easy to trade.
GL to all.
  • #5,207
  • Mar 20, 2013 6:26pm Mar 20, 2013 6:26pm
So Steve,

I asked why a long time ago, I did a back test with a system very similar to this, and based on my MM was giving a result of 3% per month. For one thing I found interesting not having to worry about breaking your head and just follow a cake recipe, but I thought the profit was not as good.

My test was a 2 year period
  • #5,208
  • Mar 20, 2013 8:35pm Mar 20, 2013 8:35pm
Quoting behman8850
Hey Steve! How you doing?
i trade mostly 4 hr. or 1 hr. support and resistance method. I have an indi of Barry. i find it very convenient n easy to trade.
GL to all.
Thanks BEHMAN... I am doing fine but losing the will to keep updating this method as it is not a skillful method, I fear that it is encouraging newbies to go along the wrong path...!!!

I would love to know what system you use, would you be good enough to tell us what it is on this thread please...???

Thanks, S
  • #5,209
  • Mar 20, 2013 8:39pm Mar 20, 2013 8:39pm
Quoting lumiche
So Steve,

I asked why a long time ago, I did a back test with a system very similar to this, and based on my MM was giving a result of 3% per month. For one thing I found interesting not having to worry about breaking your head and just follow a cake recipe, but I thought the profit was not as good.

My test was a 2 year period
Hi LUMICHE, thanks for your reply...nice work, I hope you have read the previous message, hope you are careful with your cash...!!

I will be trying to learn real trading methods different to the method on this thread..

Cheers, S
  • #5,210
  • Mar 21, 2013 3:02pm Mar 21, 2013 3:02pm
you are right........look at the london breakout ind on page one..texan
  • #5,211
  • Mar 22, 2013 6:09pm Mar 22, 2013 6:09pm
Hello Guys,

I lost entries this week and could not operate on my demo account. How were the results?
  • #5,212
  • Mar 24, 2013 9:37pm Mar 24, 2013 9:37pm
Hi , results not too good for last week, I have been away at the GOLD COAST, QUEENSLAND...BEAUTIFUL....!!!

Here are the highs and lows for this week, I shall get back for last week's results later.

GB/JPY EOB BUY 144.96 STOP 89
EOS SELL 143.57 STOP 89


EUR/JPY EOB BUY 124.04 STOP 138
EOS SELL 122.26 STOP 138

US/JPY EOB BUY 95.15 STOP 48
EOS SELL 94 .27 STOP 48

Please see the example of the chosen candlesticks. USD/JPY thanks

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-h1-forex-capital-markets.png Size: 26 KB
  • #5,213
  • Mar 24, 2013 9:44pm Mar 24, 2013 9:44pm
Hi, i have just looked through the results and my account has the following:

GB/JPY BUY - 56
SELL -47

US/JPY BUY - 3
SELL -37

EUR/JPY BUY - 16
SELL - 42

A loss of 201.....oh dear...!!!
  • #5,214
  • Mar 25, 2013 8:06am Mar 25, 2013 8:06am
Quoting steve d
Hi, i have just looked through the results and my account has the following:

GB/JPY BUY - 56
SELL -47

US/JPY BUY - 3
SELL -37

EUR/JPY BUY - 16
SELL - 42

A loss of 201.....oh dear...!!!
please stop using this method. Its Irrelevant now.
  • #5,215
  • Mar 25, 2013 3:34pm Mar 25, 2013 3:34pm
[quote=behman8850;6532774]Hey Steve! How you doing?
i trade mostly 4 hr. or 1 hr. support and resistance method. I have an indi of Barry. i find it very convenient n easy to

Thanks for your post, what is an indi of Barry..???? You mentioned it on a previous post,

An update of this method is GB + 68-----EUR/JPY +88----US/JPY +29 These trades are closed now,

thanks
  • #5,216
  • Mar 26, 2013 6:22am Mar 26, 2013 6:22am
What really makes this indicator behman8850 ?
  • #5,217
  • Mar 26, 2013 8:00am Mar 26, 2013 8:00am
Quoting lumiche
What really makes this indicator behman8850 ?
guys I got it from here FF only. Please search google barry's support and resistance here.
  • #5,218
  • Mar 26, 2013 9:42am Mar 26, 2013 9:42am
Here it is........but Behman8850 how to trade it, r you trading breakouts.
Attached File(s)
File Type: mq4 Support and Resistance (Barry).mq4   2 KB | 737 downloads
  • #5,219
  • Mar 26, 2013 10:19am Mar 26, 2013 10:19am
Quoting pundit78
Here it is........but Behman8850 how to trade it, r you trading breakouts.
I try mostly to stick to my 4 hr chart only and take trades buy or sell on support n resistance only. not less than 4 hr. i prefer because there is too much noise below 4 hr. News , etc does NOT impact me! I dont read or care about such things. just stick to my 4 hr. s/r. Thats it.
Most Important thing is Money Management.
I Never put Stoploss, ever! Manually if i feel i should get out I get out. Just look at your s/r only nothing else, because it will come to that point eventually.
  • #5,220
  • Mar 26, 2013 1:22pm Mar 26, 2013 1:22pm
Thanks for the information Behman8850

How is the success rate of their operations using this system?
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