- Search Energy EXCH
- nomoretoxic replied Sep 15, 2008
I respect the guys and Big Dog Thread and prefer not to say anything that sounds negative. About the box range, really doesn't matter . I trade what I see. Look for yourself back in time how many 60+ range boxes had good trades. The 60 pips box ...
NY Break Out
- nomoretoxic replied Sep 15, 2008
sorry for my late reply, I normally don't pay attention to the news other than interest rates and NFP (NY session)
NY Break Out
- nomoretoxic replied Sep 15, 2008
Guys Just to be clear, it's not my intention to hijack any thread whatsoever. As I mentioned in one of my post, I felt obligated to post about this strategy, as I use it everyday. I also felt the obligation to inform the whole community that ...
NY Break Out
- nomoretoxic replied Sep 14, 2008
Yeah, I use one hour before and after at London session open. Same rules apply.
NY Break Out
- nomoretoxic replied Sep 14, 2008
NY Session works fine . Asia/Frankfurt is another kicker I use both London and NY, mostly London. Level of success is equally the same in my opinion.
NY Break Out
- nomoretoxic replied Sep 14, 2008
not a hard and fast rule. I usually don't trade NY session. But I guess very few hardcore traders will get up at 3:00 AM EST so I assumepeople rather get up @ 7:00EST and trade NY. Just to keep in line with the thread tittle "NY Break out"
NY Break Out
- nomoretoxic replied Sep 14, 2008
any pullback...ultimately what you're looking for is the last price either high or low before the pullback - 2-3 pips away, that will be your entry. Sometimes pullbacks are deep - please make reference to the last charts I posted. Don't worry about ...
NY Break Out
- nomoretoxic replied Sep 14, 2008
here's a chart from 9/12/2008 I already have them posted somewhere pretty much self-explanatory
NY Break Out
- nomoretoxic replied Sep 14, 2008
I am using this indicator which I think is good for the box (see atachement) But hey, you can use whatever you want. Two single horizontal lines will do the trick nicely..
NY Break Out
- nomoretoxic replied Sep 14, 2008
9:04:59 is a good choice I shoot for 20 pips tp. Using a risk/reward of 1:1 works for me nicely EUR/USD will give 20 pips most of the time. 5 minutes charts - that's all you need don't over-think , that will lead you to second-guessing trend trading ...
NY Break Out
- nomoretoxic replied Sep 14, 2008
In my view and long and painful experience on "systems" is that they don't work because they're only guides. I've tried almost anything invented under the sun. Markets are nothing more that a battleground of supply and demand and one goes in top of ...
NY Break Out
- nomoretoxic replied Sep 13, 2008
need to clear your charts and start looking at the market as it is - price this whole thing about counting candles and stuff is another way to get you up to the land of confusion. Play the box as it is!!! Here we go 1)Pull up 5 minutes charts in ...
NY Break Out
- nomoretoxic replied Sep 13, 2008
I enter a trade with another method I use if there's no pullback. But that is totally another concept not related with the box. Just in case, no squiggly lines whatsoever. All about price I play both inside and outside the box. My win/loss ratio is ...
NY Break Out
- nomoretoxic replied Sep 13, 2008
I have to confess that 15 min charts has been more like a decorative thing than anything else. I am using 5 minutes. That's it. You can get on the party earlier in my opinion GPY/JPY is fast 'n wild so I usually give the trade more room go. Take a ...
NY Break Out
- nomoretoxic replied Sep 13, 2008
Ok here's another thing Pullback is just an activity of the market in which it retraces or should I say, doesn't come back for a period of time to a particular price. Pullbacks could result in reversals. Well, we don't know so we need to play along ...
NY Break Out
- nomoretoxic replied Sep 13, 2008
the first blue candle is the actual breakout. As you see, there's a beige, yellowish horizontal line a top of the candle. None of the candles exceeded that one so no reason for me to get on a trade. Besides, I place a stop-limit (buy stop in this ...
NY Break Out
- nomoretoxic replied Sep 13, 2008
Believe me, complicated stuff it's a big problem here at FF. I started to be profitable in trading when I realized that trading is simple. I cleared off my charts and with just a couple of horizontal lines I was pulling off more money than any ...
NY Break Out
- nomoretoxic replied Sep 13, 2008
I normally trade GPB/USD at London Session but you can use it at any USD pair on NY session with no problem whatsoever. The least attractive of USD pairs for me is USD/JPY due lack of move. A/U is good too. I have traded GPB/JPY with excellent ...
NY Break Out
- nomoretoxic replied Sep 13, 2008
Trading NY session, which is the intention of this thread. In my opinion, holding a limit order after 2:00PM EST is not worth trying. On Fridays, anything after 12
M is not wotrh it either.NY Break Out