4H Box Breakout | Page 263 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Box Breakout indicator 197 replies

Breakout EA based on New York Box 3 replies

4H Weekly Box Breakout [TD] 4 replies

EURUSD Box Breakout 6 replies

Breakout Box 5 replies

Attachments: 4H Box Breakout
Exit Attachments

4H Box Breakout

  • #5,241
  • Apr 7, 2013 1:10am Apr 7, 2013 1:10am
Quoting whatfx
yes, do post the results for the past 10 weeks. what are the uptodate rules including any changes to the original rules on page 1 ? and the entry and exit criteria ? best to just summarise all changes and new rules in one post.
Thanks for your reply and your questions, so long as this keeps working I shall keep posting, I hope you enjoy a bit of success, tell us what country you are in, thanks, Steve
  • #5,242
  • Edited 6:51pm Apr 7, 2013 6:10pm | Edited 6:51pm
Hi,

I am checking FXDD candle, it has 2 candles in 1 hour chart and my current local time is (0700 GMT+8). THis is equivalent to 9am in Australian time. Does it mean that I will need to wait for 6(six) 1 hour candles in FXDD chart before I can consider the last 4 hour as my 4 hour candle. is that right ?
  • #5,243
  • Apr 7, 2013 6:30pm Apr 7, 2013 6:30pm
The coolest of Steve is that he's always willing to help everyone
  • #5,244
  • Apr 7, 2013 9:43pm Apr 7, 2013 9:43pm
Quoting Jasper Ng
Hi, I am checking FXDD candle, it has 2 candles in 1 hour chart and my current local time is (0700 GMT+8). THis is equivalent to 9am in Australian time. Does it mean that I will need to wait for 6(six) 1 hour candles in FXDD chart before I can consider the last 4 hour as my 4 hour candle. is that right ?
Hi Jasper and thanks for post, if you use the 1 hour candles you will be right, the first should start at 9 am Sydney Australia time, the clocks went back yesterday. The 4 th will start at 12:00 and close at 13:00

The time in Sydney now is 12:43, I hope this gives you an idea of times on your chart,

I will be posting in 20 minutes time when the 4 th candle closes,

I will have looked at four one hour candles, this is the same as one four hour candle,

In summary, we are looking at the first 4 hours of trading, this starts with Australia 9 am.

Hope this helps,,,,thanks LUMICHE for your kind words,

keep posting guys. Steve
  • #5,245
  • Edited Apr 8, 2013 1:42am Apr 7, 2013 10:11pm | Edited Apr 8, 2013 1:42am
Hello all, here are the figures from this morning..total stop losses are 641


gbp/jpy entry order buy 151.87 stop 142

eo sell 150.05 stop 142


eur/jpy eo buy 128.445 stop 102

eo sell 127.2 stop 102

us/jpy eo buy 99.042 stop 77

eo sell 97.86 stop 77

thanks, steve
  • #5,246
  • Apr 7, 2013 10:12pm Apr 7, 2013 10:12pm
Quoting lumiche
The coolest of Steve is that he's always willing to help everyone
Thanks LUMICHE, for your kind words, I feel it is a pleasure to help others as I have been helped on this forum, I am passing on good karma,

thanks, Steve
  • #5,247
  • Apr 7, 2013 10:28pm Apr 7, 2013 10:28pm
What is your broker Steve. Your entries are different from mine.
  • #5,248
  • Edited 11:03pm Apr 7, 2013 10:42pm | Edited 11:03pm
Hi steve,

thanks for your reply.

Here's my chart

Attached Image (click to enlarge)
Click to Enlarge Name: 2013-04-08_1139.png Size: 23 KB


for GBP JPY: my high is 151.682 and Low 150.75 . so my Entry for buy should b 151.682+ 20 pips = 151.882 ? and short is 150.75 - 20 pips = 150.550 ?

My usd yen is High is 98.85 and low is 98.27 . Buy STop: 99.05 Sell Stop : 98.07. For Stop loss. DO we put exactly at the High and Low or there should be some buffer ?
Attached Image (click to enlarge)
Click to Enlarge Name: usdyen.png Size: 21 KB


Eur yen High

High: 128.426 Low 127.69 Buystop: 128.626 Sell stop 127.49
Attached Image (click to enlarge)
Click to Enlarge Name: euryen.png Size: 21 KB


Steve,

MY gbp yen entry should diffferent from yours. However, USD yen is about the same.

Please advise.
  • #5,249
  • Apr 7, 2013 10:44pm Apr 7, 2013 10:44pm
Thanks, Lumiche, for pointing out an error, I HAVE EDITED THE SELLS, now that we are in a different time, the Australian session starts seems to be different on my chart, hope all is well now...tell me if it is good with you, thanks
  • #5,250
  • Apr 7, 2013 10:47pm Apr 7, 2013 10:47pm
Here is a chart to show the first 4 hours on OZ session, starts a 8 am local time,

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-h1-forex-capital-markets-4.png Size: 141 KB
  • #5,251
  • Apr 7, 2013 10:58pm Apr 7, 2013 10:58pm
Now it looks like this. Let's see how many pips this week goes.
Attached Image (click to enlarge)
Click to Enlarge Name: Sem título-1.gif Size: 5 KB
  • #5,252
  • Apr 7, 2013 11:05pm Apr 7, 2013 11:05pm
Thanks very much for posting this chart, I have read the instructions on page 1. These refer to the start of the Australian session, I have started the session today at 8 am and yet my first candle of the week is 7 am...!!!

Should we go with the first candle of the week from now on..??

What do you think..??
  • #5,253
  • Apr 7, 2013 11:06pm Apr 7, 2013 11:06pm
Steve, why are you taking the second candle not the third candle ? I believe the third candle is 9 am.
  • #5,254
  • Apr 7, 2013 11:09pm Apr 7, 2013 11:09pm
Quoting lumiche
Now it looks like this. Let's see how many pips this week goes. {image}

Lumiche, are you considering from 7Am Australian Time ( the first 4 candles)

Steve,

I think we should consider from the first candle considering even the indicator in page 1 actually calculating the first h4 candle .
  • #5,255
  • Apr 7, 2013 11:14pm Apr 7, 2013 11:14pm
I believe so, it would be the first candle of the week beginning 7 for you and 6 pm in my case. But anyway, following the parameters of today would not change the entries. All quiet for now.

My friend, I need to rest, it's too late here. Success and speak soon.
  • #5,256
  • Apr 7, 2013 11:25pm Apr 7, 2013 11:25pm
I will then consider the start of Australian session from the first candle.



One question. For SL, do I put SL exactly at high and low of the H4 candle or do I put some buffer ?

Eur Yen
Im using the entry given by the indicator from page 1.
BS: 128.631 SS: 127.197 SL = H-L or BS-SS ???? (BS-buy stop SS - Sell stop)

Attached Image (click to enlarge)
Click to Enlarge Name: euryen.png Size: 23 KB


Please advise
  • #5,257
  • Apr 8, 2013 1:23am Apr 8, 2013 1:23am
Hi jasper. thanks for your contribution, you have made good points with Lumiche,

the stops go at the same length as the box, without the 20 buffer,

look at the difference between buy/sell, subtract 40 and this will give you the stops,

hope this helps

Steve
  • #5,258
  • Apr 8, 2013 1:33am Apr 8, 2013 1:33am
hi steve,

Ok i understand now .. *finger crossed * now ... happy pip day!
  • #5,259
  • Apr 8, 2013 1:35am Apr 8, 2013 1:35am
JASPER,(((((((((((((Eur Yen
Im using the entry given by the indicator from page 1.
BS: 128.631 SS: 127.197 SL = H-L or BS-SS ???? (BS-buy stop SS - Sell stop))))))))))

the size of the box was 128.43 for high and 127.39 for low. You have quite rightly added 20 to high and subtracted 20 from low

the difference between the hi/lo is the stop, which is 96

my figures were/are slightly different, they are almost the same though, Good Work,

Thanks, Steve
  • #5,260
  • Apr 8, 2013 1:43am Apr 8, 2013 1:43am
This is the approach I shall take next week, to try and make things clear,

Attached Image (click to enlarge)
Click to Enlarge Name: april 8.png Size: 201 KB


IF I SHOW THIS ON ALL 3 PAIRS IT SHOULD BE BETTER,
0 traders viewing now