Bob, how are you calculating your box with Oanda? strictly speaking, the box top should be 152.50-152.52. I set it at 152.57 because of R1. set it 5 pips above R1 for the day. last time it hit and reversed and went back into profit.

4H Box Breakout

OK, well, it looks like we might go long after all.

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My bad, my stop loss is at 152.57

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Not hit yet??? Damn, I am really trying hard !!! Good to have few accounts

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Ace, are you trading today?

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I am trading both 50% and 100%. 50% of the box hit long time ago.

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agree. we cannot predict anything. just probabilities. Let's wait and see. except for 50% stop loss other trades are still running. But 50% stop loss does look attractive. R:R is very good.

4H Box Breakout

I understand you. I am a person who had to learn fast! Hence demo trading took only 2 months and then I went live. It took 3 month for me to learn risk control management 101 and then another 5 months to bring it to higher level. You know, risk ...

4H Box Breakout

well, who knows? Japan has got a new government... It is all about markets' perception about what they thing new government's influence will be upon Japan economy. If you check even bigger picture you will see that on weekly G/J in huge down trend ...

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well, I am not guy number 1 and especially i am not number 2 It means you have nothing to learn from me

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well, I am posting my results both positive and negative, but I see no mistakes, since I generally follow the rules. With Oanda we always can trade live but small. it is still better than trading demo. Well, I do not need to trade demo anymore. It ...

4H Box Breakout

May be it is uptrend but may be it is just a retracement. Check the bigger picture

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I am no longer demo trading. Everything is live. It can be small money but it is still live. I just treat it as big money from the start and risk control is always the highest priority.

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May be, but the most important part of trading is psychology and it cannot be developed with Demo. Only real money can do it. Just my 2 cents It hurt me like hell losing even 50% of $200 account last November. I made 55% in 5 weeks and then lost ...

4H Box Breakout

Forget about Demo , man. Live and Demo are completely different and trading big sum of OPM is also different. Start trading live with good risk control... I stopped trading Demo last summer after doubling 2 accounts in 4 weeks Live is ...

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Well, with a tool you have in mind even 1% loss is critical

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he he, we are thinking of different tools, aren't we?

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Yeah. I can proudly state that since January 1, 2009 I have not had DD higher than 3.5% on my real account and even here DD is lower than 3.5% so far. I am only 1 year old in Forex so to speak

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It looks ok for shorting if it gets there. if no, order will just expire. You gotta check higher time frame. On daily it is double top with important support area beneath. But any S/R area can break. and if it is broken, we can be in good money. ...

4H Box Breakout

This is a really bad idea of money management. No system will bring profits with such risk. If you want to be profitable in the long run and consistently, first thing is protecting your capital which is a tool that lets you make money. If you damage ...

4H Box Breakout