agree. people tends to change the rules / parameter / methodology, trades for 3 to 4 times and declares it to be a successful variation (or bad variation if the results from the 3-4 times testing were bad) A system needs concret backtesting proof ...

4H Box Breakout

just checked the chart. I set TP1.5 at 156.35. The price just move above it for 2 pips (156.37) and retaced... this is pure luck...

4H Box Breakout

Oh sorry I didn't get your meaning in the last message. So far I am just trading the very original method (Ace's method) with no trailing SL. The trade today just closed for 3% (1700usd) account growth. I look forward to the trailing stop re-entry ...

4H Box Breakout

Yes it's the original system. While choosing TP4 will have a higher return but the chance of hitting TP is also lower. On the other hand, TP1.5 is easier to hit. All TP (1.5 ~ 4) are all profitable. So choose TP according to your personality (can ...

4H Box Breakout

great info razor. I've been trading live with this method for 1 month on a 50k account and now it's been to 56k (as of yesterday). I also think that a long term low risk method is the key to ultimate success. A quick boost of the account equity ...

4H Box Breakout

Thanks for your comment. Well, a perfect system to me is a system which tells me to jump in when there is chance, and tell me to stay away for as long as the condition is poor, and in the long run gives a rising equity curve and reasonable / ...

4H Box Breakout

Hi pipsinfo, We really can't tell whether a system is working or not by just looking at several trades. A working system must sustain it's profitability for a long period of time (3 years, 5 years, or even 10 years) through different market ...

4H Box Breakout

Hi dave, Is the the concept of AH from Jacko? What if the market is choppy and get touching your re-entry point and reverses to SL for more than one times? This is still possible. So would you impose a maximum number of re-entry (say max retry for ...

4H Box Breakout

arr it's really hard to tell, sometimes people taking TP at 2 would kick themselves while the other times people TP at 4 would kick themselves when prices move just over TP2 and reverses. It all depends on your personality. TP4 system would have a ...

4H Box Breakout

Optimal setting for all? Optimal setting for you? — I think it doesn't matter if moving to BE is better, or 3x is better than 2x. The most important thing is that you digest the method, and backtest with enough setting so as to find the ...

4H Box Breakout

So both trades were stopped out. This is the my first live trade with this system. Anyway, have fun for the rest of the week, and look forward to next monday

4H Box Breakout

Average Weekly Range — Hi, Is it useful to compare the range of the first 4hr candle with the Average Weekly Range (say of the last 5 weeks). If the candle is larger than a fixed portion of the AWR (say 30%) then we don't trade in this week? ...

4H Box Breakout

Hey man, it's ok Of course i am here to make money too. Let's pip together hahaha. I've lost my job for five months without being able to find a new job. Have to pay rent, pay daily living, blah blah blah. So a high successful fx system might be ...

4H Box Breakout

I really can't figure out why this phenomenon (price will either go north or south from the start of the week) will hold true, and if it holds true, will this be true for a long time (say over several years period)? Can any body figure this out??? ...

4H Box Breakout

Singers sing and make CD to sell, but no one guarantee it will sell money. Artists paint and sell their painting, and again there is no guarantee anyone will buy the drawings. Everything we are doing is just a buy-chance game. But a good painter ...

TA self fullfilled prophecies... what a joke.

Please kindly read post #4 on page 1 of this thread. Thanks

Jacko's Forex House of Pleasure and Pain

It's touching the long term down trend line, and just stand above an S/R line (which is also the 38.2% retracement from 1.4865 to 1.2333). Where will it go???

Jacko's Forex House of Pleasure and Pain

Will the long term trend change towards upward???

Jacko's Forex House of Pleasure and Pain

What a great article Mr.Green!!!

Seven Habits of Ineffective Traders

Thanks Mr. Green I will remember that. I will definitely be a winner!!!

i'm lost.....