This one is mostly discretionary trading. R:R is not what it is with the box. Obviously there should be many winning trades and some big winners too. Leverage is very small. It is BWILC method.

4H Box Breakout

I started trading another strategy on vacation and stop losses for G/J are 500-700 pips. LOL

4H Box Breakout

I think with G/J stop loss of 50 pip will be fine for most of times. G/U and E/J it probably should be 40 pips.

4H Box Breakout

but how do you know what volatility going to be? ATR shows past volatility, no? I also have been thinking about this. what stop loss size so that it is not just a loss but also provides with potential of good R;R depending on volatility.

4H Box Breakout

Small box also helps to have great R:R when it does matter. say box of 50 pips. when it happens TP3-TP4 on Ace box, it is R:R of 9:1 to 12:1 and it happened twice or 3 times since second half of August.

4H Box Breakout

I was actually sitting and watching and thinking to short or not when the price crossed 158.00 down. Before I would not hesitate, now, I did This boxes of hours they actually add some point of reference and some discipline entering and exiting ...

4H Box Breakout

I understand you. it is like today's attempt to break 157.70 support of GBP/USD. It got penetrated but still bounced back strongly. this one is also has got great potential. actually, weekly/ daily charts of both G/U and G/J looks alike.

4H Box Breakout

yes, you are right.

4H Box Breakout

I think it does not matter what Super S&R. If it is tested enough times everything gonna break. It is psychological thing. People start see this level as normal... 149.00. same thing happened. 3 times tested than broken. Current support also has ...

4H Box Breakout

ok, got stopped but with small profit. total Dd for today 0.23% with risk of 0.5% per trade.

4H Box Breakout

If it moved there I will move stop loss 40 pips more down to cover my DD if I am stopped. Situation looks pretty much similar to what was going on when price was testing 149.00... hopefully results will be similar as well...

4H Box Breakout

closed 50% position at 50 pips. moved stop loss to BE +10 pips. Price moved below Friday's low. Let's hope it is another attempt on 139.73 support level. anyway, if stop is hit I am down only 0.3% for today after few losing trades and all thanks to ...

4H Box Breakout

141.65 Friday lowest point is between me and my first target. I will probably close 50% manually if it hits this price without breaking and move stop to BE. if it reaches there.

4H Box Breakout

My last trade for this session is triggered. it is short trade.

4H Box Breakout

Hi Yen, I mean the candle did not even touch my order. and it got opened. When I leave limit order with Oanda not only candle need to touch, it should cross my price to trigger it. It is different here. It looks like I should have opened order 9 ...

4H Box Breakout

actually, one losing trade should not have been opened. I messes with limit buy and buy stop order. Position was opened 9 pips below my order, price did not reach it. it looked like it was hit by spread. what is the difference between buy limit and ...

4H Box Breakout

again got stopped. last position order left, will cancel if not opened by London close. only 0.5% down today so far thanks to 1 winning trade. I am oin the process of testing my rules, after I see them working I will post.

4H Box Breakout

short position opened. got stopped.

4H Box Breakout

long entry was triggered, half position closed at profit at 50 pips. the rest got stopped.

4H Box Breakout

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4H Box Breakout