Order triggered. trade moved to 10 pips in profit then revered and stopped for a 5 pip loss

8th May 2012 — Short Euro order at 1.3020

Order closed untriggered at US open

7th may 2012 — Euro Short order at 1.2968

Order not triggered. cancelled at US open

3rd may 2012 — Cable and EJ both qualify Short order at 105.31

The cable order was not activated as the market broke strongly to the downside. A good day for pure breakout artists and trend faders Order cancelled at the US open.

2nd may 2012 — Cable EJ and Aussie all qualify Long order for cable at 1.6241m

The Swiss order was filled and went 8 pips into profit It oscillated slightly for an hour so I moved the stop to break even Less than an hour later, the trade was stopped out at break-even I missed subsequent chances to re-enter which would have ...

1st may 2012 — EJ, GU and Swiss all qualify I missed the EJ breakout by a few minutes Elected to take Swiss short at 0.9058

The short was not triggered and there was a strong move upwards from the open. The order was cancelled just before the US open. The market has not moved as anticipated and my interest in the Canadian dollar has evaporated for today. Better luck ...

30th April 2012 — Only GBPUSD and USDCAD qualify and the Canadian has greatest change on the weekly. The low of the 4-6am range is 0.9803. Short order placed at 0.9798

This means 1:1 reward/risk ratio. So if you have a stop loss of 48 pips then your profit target is also 48 pips.

Excellent method — Congratulations on a superb method, 60minuteman I've been trading a similar method to this for years using a different filter and a slightly shorter time frame .Its very reliable if you just aim for small wins. Engulfing ...

Hi Alan, Unfortunately, no amount of additional filters will solve the trade management problem you're talking about. I, like you, stumbled on this thread while looking for answers to the problem of engulfing bars' tendency to turn around and run ...

Well Done — Hi forexhard, This is an excellent trading tool. Having uniform box sizes is similar to Darvas Box theory(which is still a valid trading style more than 50 years later - and in many markets) This tool has 2 great strengths. ...

-2 pips

I get the concept. Also relieved that everone else is in the same boat as me(being shaken out constantly). I love the micro-exposure inherant in this method. A good friend of mine uses a very similar method but he watches the 5 sec candles for ...

Stopped out at BE for the 11th time in a row. When was the last time anyone actually made some money from this? By my reckoning, it would be monday last week.