Jump to content

Recommended Posts

Posted (edited)

Like to share this set and forget breakout system which appear in February 2010 issued Currency Trader Magazine.

 

http://www.scribd.com/doc/27578873/Weekly-Breakout-Box-System

 

Mirror: Currency Trader Magazine Feb 2010. Turn to page 24.

 

hxxp://rapidshare.com/files/348423148/CT_2010-02.pdf

 

hxxp://hotfile.com/dl/27129656/6a2028e/CurrencyTrader0210rc14.rar.html

 

hxxp://depositfiles.com/files/zj5ix2zsy

Edited by bluewoof
Add mirror
  • 1 month later...
Posted

here is the gist of it,

 

Every Monday at 12 a.m. ET the high-low trading range for the previous 14 hours, referred to as the “box size,” is calculated.

 

 

Enter long with a buy-stop if price is more than one box

 

size above the high of the box.

 

Enter short with a sell-stop if price is more than one box

 

size below the low of the box.

 

Exit long at the entry price plus 0.80 * box size.

Exit short at the entry price minus 0.80 * box size.

 

Best pair to trade:

 

EURUSD

 

Breakout = Box size x .6

Profit tarfet = Box size x 2

 

USDJPY

 

Breakout = Box size x 1

Profit tarfet = Box size x 2

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...