I did not enter the trade. I just set short order at same box lower level of 150.70. It is testing account and I have some ideas. Firstly, I risk only 1% and my target is TP3 which is 6% in case of the win. It is 6:1. The market looks bearish and ...

4H Box Breakout

50% of the box stop loss has just got hit. I set another short order at the same price.

4H Box Breakout

Yeah, but the good thing the price has not bounced yet high enough to kill our short trades... It looks like resistance has formed as well and market is in consolidation. if price breaks that Maginot line it might be a long way down. In this case my ...

4H Box Breakout

I wonder, I saw figures someone 200 pips in profit. What is he trading? It is neither G/J nor E/J. I have been maximum 70 pips in profit. On 50% stop loss the price was close to kill the trade. But it is far away from 100% of the box stop loss. The ...

4H Box Breakout

I have been trading only S?R for few months with pretty good results., But it is too stressful for me.

4H Box Breakout

Yen, check No Brainers thread. BRW is great at detecting and using these areas., You will learn a lot as I did. It is just that it is not exactly my style but it is very useful for trading any system.

4H Box Breakout

I have got a bad feeling about at least 50% loss account. 90 pips to go is nothing for such S/R area. Now let's see what is stronger, political news or support area if it makes to 149.00, I will set SL to BE+20 pips.

4H Box Breakout

Yen, sorry man. I am just sleepy, forgot to set a smile No intention to insult you. Really, check No brainers. BRW gives a great method of detecting S/R areas.

4H Box Breakout

Ace, we wear same glasses

4H Box Breakout

It is here: image

4H Box Breakout

Price bounced few times from those areas in the past. actually, it reversed. Check No Brainers trades thread. It is explained how to detect those areas there.

4H Box Breakout

Wear glasses man. Itis because you have not traded Non brainers style. It is their. Just open daily G/J and 4H and you will see.

4H Box Breakout

I am using 50% stop loss on one of the accounts. risk 1%.

4H Box Breakout

I understand a very important point here that as price moves towards BE point, so trailing stop following and thus reducing possible loss in case of price reversing and moving towards stop loss point. actually, taking partial profits has sense only ...

4H Breakout With Custom Stop Loss

I will be following too. Great job being done on already great system.

4H Breakout With Custom Stop Loss

Ace, I had not noticed your post regarding vouching I see now, it is actually a good thing to do, I will know since now on. The thread would have been flooded

4H Box Breakout

there is a heavy fortified support area from 150.40 to 149.80 to break through. It can bounce all the way up ... so, keep your hopes down untill we break this level. Then it might be a long way down...

4H Box Breakout

I guess Japan election will compensate for London closure with higher volatility. It looks like Conservatives lost majority first time in 55 years.

4H Box Breakout

and Yes, I have devoted one account to 50% of the box stop loss. it is 90 pips now with risk of 1% and take profit goal of 540 pips. I think R:R 6:1 is enough.

4H Box Breakout

For those who trade Oanda from Canada on EST time. FXDD 4H candle openes at 5:00 EST . It is third 1H candle with Oanda. So, the box with Oanda is 4 1H candles from the third to the sixth. For Oanda users box is 180 pips. I am in short at 150.70.

4H Box Breakout