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- nomoretoxic replied Sep 22, 2008
EUR/USD this morning what can I say? there you folks. simple, stress-free. consistent trading by the way entry - 1.4617 stop-loss - 1.4593 TP- 1.4637 Oanda's feed , just in case cheers
Nomoretoxic's breakout
- nomoretoxic replied Sep 22, 2008
I understand perfectly. I trade off daily charts as well. Less time-consuming. But don't use the box for that. Market dynamics are different. Always happy to help
Nomoretoxic's breakout
- nomoretoxic replied Sep 22, 2008
Only 1 pair at once. about potential?? I don't know. Possibly how far/distant is the price from the box line, I am looking more into EUR/USD cause I get 1 pip spread on Oanda. simple stuff....... the simpler, the better for me. hope it helps
Nomoretoxic's breakout
- nomoretoxic replied Sep 22, 2008
EUR/USD London session entry - 1.4559 stop loss - 1.4522 exit 1.4579 cheers
Nomoretoxic's breakout
- nomoretoxic replied Sep 21, 2008
You can trade any pair. GPB.JPY has very fast n' wild rides. Need to adjust your load. Always happy to help Cheers
Nomoretoxic's breakout
- nomoretoxic replied Sep 21, 2008
That will be nice for another thread will consider cheers
Nomoretoxic's breakout
- nomoretoxic replied Sep 21, 2008
I am not familiar with this gentleman methods . As you describe here (correct me if I am wrong) this gentleman is bringing up a floor-like mentality to the forex market (BKO's of IB's) This box straddle-like is suitable for a quicker entry. Became ...
Nomoretoxic's breakout
- nomoretoxic replied Sep 21, 2008
Excellent question Here's my breakdown concerning about timeframes. Everything below 1 day, it's noise with probably an exception on 3-or 4 hr. I won't go into details about noise in order to keep the integrity of the thread. The reason I pick 5 ...
Nomoretoxic's breakout
- nomoretoxic replied Sep 20, 2008
I'll probably go 5 PM to 8:00PM. I don't trade the Asia session Alexandra (Look on her signature here, her nick is pipping or something) has been doing some test on Asia session with good results. Cheers
Nomoretoxic's breakout
- nomoretoxic replied Sep 20, 2008
Sorry for a late reply. Valid questions here. I prefer 2 hours time span. On my experience anything less is premature and more will leave you missing a move. That's from trial an error. Yes that will be 5 minutes (time frame) -2 hour period. I ...
Nomoretoxic's breakout
- nomoretoxic replied Sep 20, 2008
Consolidation is a period when highs and lows are equal. It's like the price are contained withing a range forming some sort of a box. Normally (not to be taken as a rule please) you'll see period like this between 5:00 PM Easter time and 8:00 PM on ...
Nomoretoxic's breakout
- nomoretoxic replied Sep 20, 2008
This box is nothing new. I wasn't aware of this newtron guy up to few days ago I respect him and I can tell the similarities, probably different views about time periods. I set myself apart from him by the fact of tryng to make you guys stick to ...
Nomoretoxic's breakout
- nomoretoxic replied Sep 20, 2008
Guys My idea of opening up a thread with a so simple yet still confusing method is for you guys to stop optimizing and/or looking for the"next big thing" and start trading. You need to go back to my posts and have a deep understanding of what I am ...
Nomoretoxic's breakout
- nomoretoxic replied Sep 20, 2008
I believe this is the latest version not sure hope it helps Two horizontal lines and two vertical line from 7-9 AM Eastern time will do the trick 1-3 AM Eastern time for London Session or simply use whatever session/times you expect to be some sort ...
Nomoretoxic's breakout
- nomoretoxic replied Sep 19, 2008
Guys Probably some of you have noticed that I reply very quickly. Well, I am in front of the screen 'cause this is what I do. I trade off the screen. My job is right here. But today is Friday. I deserve some entertainment. Right now is 3:41 PM ...
Nomoretoxic's breakout
- nomoretoxic replied Sep 19, 2008
I use another stuff. Price based. Sometimes I combine the two, but the box itself works more often than not. I use to trade the box using straight out breakouts. But I realized after a while I was getting burned quite a lot. I rather miss the bus ...
Nomoretoxic's breakout
- nomoretoxic replied Sep 19, 2008
Trading is a game based on probabilities. I keep it simple...simplicity works. I could even trade with no charts. The market is all about price...it's a big auction with money used as a mean of consideration. In other words, money is the only ...
Admit it - your profits are based on luck