yeah, if this level doe snot hold it can be a long way down. i would take position but with reasonable risk. the only problem it is the end of the week.

4H Box Breakout

Yen, it is about 4 th dimension... everything is possible there

4H Box Breakout

image

4H Box Breakout

right now trade should be at B/E. it is at TP 1.5. box size is 100 pips. good size for break out

4H Box Breakout

do not worry buddy, you are in the money. let this rabbit run

4H Box Breakout

hehe, who says it was sudden? the pair was clearly trying support levels for 4-5 weeks. every s/r can only take this much

4H Box Breakout

support at 1.4650-1.4675. i tk there will be some retracement but i would bet it will break this support. it looks like big guys made their mind.

4H Box Breakout

yes, it is what i mean. with any break out strategy losses must be small per each attempt. i am currently trading another way, where i let my losses run, but it is not break out strategy.

4H Box Breakout

i think he was not risking the whole box... hence multiple attempts are possible.

4H Box Breakout

[quote=11andy11;3088703]broke the original 4 hour candle. I trade the 0-4 gmt candle though. Gonna leave the trade on for at least tp3 (if it gets there).[/quote my gut says you will be in the money this week

4H Box Breakout

wow, i was not watching. i am currently long on e/u. it looks like it is finally bursting, the fundamental down trend is assuming itself. i will be waiting for good retracemenfit to enter short after i am done with e/u.

4H Box Breakout

i think that cutting losses short and letting profits run when break outs occur is the most important thing with this system. i think 1 box stop loss is a way too much.

4H Box Breakout

well, it looks like ping pong is the only answer follow the Turtles!!! follow the Turtles

4H Box Breakout

yes you do i need advice as to how make it bigger copying it from imageshack... return 2.1% in 5 days. leverage used for 60% of return 1:1 for 40% of return 0.2:1-0.4:1. max DD is 0.05%.

4H Box Breakout

image 5 days on gbp/usd

4H Box Breakout

hence, it is completely reasonable to keep stop loss tight when trading break outs. probability of break out is smaller than that of contra move.

4H Box Breakout

There is an interesting statistic on Wall Street. • During the five years up to 31 December 1997 the NYSE gained 24.6%. this entire profit was produced in just 40 days. Would you be able to predict which days they were? • In the 864 months between ...

4H Box Breakout

yeah, sure, i have been wondering why vacation is so volatile i hope to give it back in 2 weeks. i am back right before first 4H candle is closed on October 4.

4H Box Breakout

i think with this stop loss we can take more than 2 trades, but probably some discretionary approach might be helpful like trading in trend direction. it is hard to tell now where gbp/jpy is going but on 4H it looks like going down, lower lows and ...

4H Box Breakout

i repeat it after cleaning the mess... after my wife is gone, the only things left to do is kissing my mom and watching as market sleeps i am messing up with laptop as mom pasted on Russian letters.... hence a lot of misspelling plus taking my ...

4H Box Breakout