Breakout GBP/USD

[parsfx]

Thank u glenn5t
I use this method in demo acc. and write my result.

[parsfx]

today
I buy eurusd: 1.3634 and exit 1.3447 result: +13

I testing this method.

[glenn5t]

thankyou for your response and iam pleased its worked for you..

Glenn

[jasperdant]

Glenn,

Thanks for the indicator and I Just needs clarification in your 2nd methods.

1.High and Low lines, are we referring the box to identify the lines?

2.In 15m charts, probably how many candles move away from the box before the entry?

3."If the pair retracts back, into the box close the position and do not re-enter".

thanks again

[glenn5t]

jasperdant

Yes the hi and lo of the last 7 hours so yes as per the box... Note: dont forget to take in to account daylight saving you may have to use 7 hours...

Check London opening....ie....8.00 GMT..

The first 15 min candle that forms after the cross of a hi/lo line....

So you get the move out of the box on the 1hr chart, switch to the 15 min and wait for the next candle then if it moves away from the box thats the trade ( enter)....

And yes if the pair retract back into the box do not re-enter, as you use the method and get use to the pair you will get a feel for the strength but also use the sniper and ADx for strength etc...

Glenn

[jasperdant]

thanks- i make some feedback after some test.

[et_phonehome_2]

Glenn5t

For method 1, what are your settings for TIME1 number of days? I cannot get the same box and size at the locations you have. With mine, there is no tradeable conditions for all days unlike yours....

[glenn5t]

ET

No of days 50.

Check your broker for time and remember to adjust for London GMT daylight saving.....

At the moment I have moved mine to 00.00- 07.59 for DSL.......

[glenn5t]

This is a new updated Forexfreedom with adjustable CCI..


Glenn

[glenn5t]

Attached is information on channels for anyone intrested.

Glenn