the more I think the more I like 50% of the box idea. I am watching December 2008 right now and see that when middle is hit, the whole box is gone later. The point here is to keep same leverage per pip as for the whole box but reduce total % risk of ...

4H Box Breakout

This 50% of the box is really interesting idea. Leaving position size same and risking 1% , if we aim at TP2 we would have 4:1 R;R and if aiming for TP3 it would be even better. I will spend some time today back testing this idea.

4H Box Breakout

That news spike killed my position.

4H Box Breakout

Pharoah, at what price did you enter?

4H Box Breakout

Yeah, I got it early, this system is all about letting profits run and waiting for big moves. but if it is long time ranging markets taking partial profits might be a good idea. I made almost 1% last week this way.

4H Box Breakout

even 50 pips work when price MOVES. But with 100 pips there probably would be few losses more. I had 4 losses since January 1 with 50 pips and BE. a lot BE though. But return was only 5% less than with ACE original rules.

4H Box Breakout

My short entry was at 153.30 on G/J.

4H Box Breakout

Yes, I am stopped. was short but news spike killed position at BE. I am not entering. waiting for Sunday. If this up trend gets broken we can get a long way down.

4H Box Breakout

looks like G/J finally broke through support.

4H Box Breakout

Last week I actually was setting stop loss at B/E at 50 pips plus taking 50% of the position as profit. I do not think taking partial profit is good idea, but 50-100 pips and BE is fine.

4H Box Breakout

actually, I was checking for 50 pips and BE. There were far less losses but return was slightly less than per ACE ooriginal system. Not much less anyway. I think psychologically is important to stay away from too many losses even knowing that system ...

4H Box Breakout

Ace, but good part that we open our trades on Sundays and usually we have no important news till Tuesdays.

4H Box Breakout

I have an idea what Pharao means. Do not close profitable position unless that MA broken in opposite to break out direction. same with stop loss. I would stay with original rules. It is simpler and it is a real action. all indicators are lagging.

4H Box Breakout

One more idea. Probably we should check Pivot Points and some S/R areas that might be hidden in the box and set stop loss behind them... It also can reduce stop loss requirement. What I noticed after back testing. When market really picks up, it ...

4H Box Breakout

Excellent, I will dedicate the account where I risk 2% per trade with stop loss of full size box. Now I will risk 1% but stop loss will be 50% of the box.

4H Box Breakout

Ah, $30 ! I was thinking $30K

4H Box Breakout

Damn, be careful buddy. do not risk more than $300 or 1% in the beginning. It is easy to calculate your risk. Say you risk $300 for each trade. and I mean stick for now with 1 pair. The size of the box say 150 pips. so, $300/150 pips =$2 per pip. ...

4H Box Breakout

Remember how last year August ranging ended. Keep setting your orders

4H Box Breakout

By this I mean how long you have to trade to generate certa8in return. This system we spend little time trading . Relatively to time spent return is good. When scalping I spend hours watching for safer opportunity. I want to move away from scalping.

4H Box Breakout

I sent. have you got it?

4H Box Breakout