It amazes me how resilient this market really is. The fundamental data and political jawboning has not exactly been stellar the past few weeks, yet the equity markets just keep shrugging it off and proceeding north. I think there's a ...

4H Box Breakout

No problem bro.... it just shows that great minds think alike... Have an awesome weekend everyone.... here's to big pipin' next week

4H Box Breakout

You're right, it has. My take is that if we get a close down around the 150.50 area, then she'll likely continue down to the next support area around 149.00.

4H Box Breakout

Well it figures that she (gbp/jpy) waited until Friday to fall out of bed. Hopefully she's getting primed for a good move to start next week.

4H Box Breakout

Classic....

4H Box Breakout

Fair enough... so even though I had similar results on 4 major USD crosses, I should just chalk this week up to being an fluke?

4H Box Breakout

I'm just throwing this out there... so do with it what you will. I took Ace's system and applied it to the dollar cross majors. To be specific I charted it on EUR, GBP, CAD and AUD. The only major tweak I made was that instead of measuring my TP1 ...

4H Box Breakout

You definitely have a point Yen. It is hard to ascertain whether or not the SL would have been taken out based on a 4 Hour candle. If I had used a full 100% SL on the first breakout to the downside, then I would still be in the trade with a draw ...

4H Box Breakout

The current range this week will help to shake a lot of the "get rich quick" crowd out of Ace's tree. Whilst we all sit patiently waiting for the "Beast" to make it's move. For demo testing purposes, I have taken every breakout this week using a 30% ...

4H Box Breakout

The market this week is like watching paint dry. DOW is up today, however, currencies are reluctant to follow. Hopefully a sign that these tight ranges are going to finally break.

4H Box Breakout

Ditto for me... I'm on board!

4H Box Breakout

Screw the PM... here ya go bud....

4H Box Breakout

That just put a huge smile on my face after a tough start to the week.... thanks a million Yen!

4H Box Breakout

Yes, this strategy would've worked very well on Eur/Usd and Gbp/Usd today. Although catching the Gbp/Usd break would've required you to take a second long trade after being stopped out of the original break. I calculate the TP's a bit differently on ...

4H Box Breakout

I have to agree with you Pharoah. Market conditions will always continue to evolve, however, history has a way of repeating itself, and that is why it's important to take note of historical data. So we can TRY and prepare for what MAY be looming ...

4H Box Breakout

It needs a stiff kick in the arse with a pair of steel toe boots.

4H Box Breakout

Chopped and Stopped — Well, it looks like the week is off to a choppy start. I have now been stopped out on both long and short breakouts using the 30% SL variation. Losses were kept small, so not too bad. There were huge breakouts on the gbp ...

4H Box Breakout

LOL... yeah, I hear ya Yen. I just like the concept of getting out of the way sooner than later. We all know that if it's a true breakout, then the chances of getting stopped out are much less likely, and the trade should run hard and fast.

4H Box Breakout

Long stopped/Short in play — I got stopped out on the long as well. I only used the 30% SL (a la yen44x), so damage was kept to a minimum. Price ran to to the 89 SMA, which is one of a couple MA's I like to have on my charts. It got rejected ...

4H Box Breakout

Wonders will never cease. Can't really say it's much of a surprise. Oh well... the show must go on..... Happy pipping all!

4H Box Breakout