GPB-USD 9/16/2006 Notice the false breakout. the rest is pretty much self -explanatory

Nomoretoxic's breakout

here's the indicator

Nomoretoxic's breakout

well, there's a thin line here as I look up 9:00 AM candle, there's a chance I could get 20 pips off that. If I got stopped, well like I said, there's another day tomorrow. part f the game cheers

Nomoretoxic's breakout

I didn't trade the NY session this morning But as I looked on the charts, looks like I could be stopped out cheers

Nomoretoxic's breakout

I use London session. My box is from 1:30 AM EST to 3:30 AM EST.. not a hard and fast rule. You can play around with it. NY session, I use 7:00AM EST to 9:00 AM EST

Nomoretoxic's breakout

ok just to be sure your charts look nice just keep it simple.. I personally look for a fixed number of pips. Normally if the stop loss is 20 pips, I shoot for 20 pips profit target..It all depends.

Nomoretoxic's breakout

are you entering at the retracement???

Nomoretoxic's breakout

here you go don't hesitate to ask cheers

Nomoretoxic's breakout

I definitely agree

NY Break Out

Guys I will start another thread as to respect the originator of this thread.. will be called "nomoretoxic's breakout" I will copy the rules from one of the post I made here My apologies to the originator of this thread, no intentions whatsoever to ...

NY Break Out

Listen guys losing is part of this business. I can't guarantee using this system will give you profits all the time. Yes I prefer the 9:00 AM candle but even so there will be days that I will lose. There's even a possibility that you might lose 2-3 ...

NY Break Out

Yep - I prefer 9:00 AM EST candle

NY Break Out

guys I am sleepy here. Already made my day so I need some rest Read my post. Be careful where you put the stops As standard rule I look for 20 pips 1:1 but sometimes you need to extended to avoid a shake-up. Play with your lots. If your stop-loss is ...

NY Break Out

the stop-loss is a little too close in my opinion Make it a little more wider and adjust the lots if necessary look for a 1: R/R cheers

NY Break Out

There's a reason why I chose "nomoretoxic" as my nick yes, the day I detox myself from all the crutches and cleared off my charts you have no idea how refreshing it is....very much like be born again. Thanks to my mentor/friend...wish him a long ...

NY Break Out

guys the range inside the box or the daily range, won't matter. The market will do whatever, there's now way to predict using trends, ranges , averages etc. These kind of stuff is good if you're trading for the long run like daily charts. Anything ...

NY Break Out

no problem happy to help

NY Break Out

Two conditions we need for the trade 1. The market breaks the box AKA the breakout 2.The market retraces back - could be one two, many candles, doesn't matter once I see the market puling back, I place a pending - limit order 2-3 pips away FROM THE ...

NY Break Out

London session 9-15-2008 Something I love about the simplicity of this system - everything is pretty much self-explanatory. Just look at the charts. no second guessing - no other time frames involved - no squiggly lines to "support" or "confirm" the ...

NY Break Out