Simple Breakout System (GOLD) -
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thread: Simple Breakout System (GOLD)

  1. #11
    Junior Member eljermo's Avatar
    23
    Setup for today XAU/USD TF H1 SETUP SHORT ENTRY PENDING ORDER SELL STOP @1287.24 TAKE PROFIT FIBO 261.8 @1280.32 SL FIBO 0.00 @1291.49 Picture Picture
    SL hit..

    have you back test this egy ?

    In my view, brakeout is if candle close, if just the tail that brakeout the line, that is still not sure the price will brake or not. . So I think this egy is better if we are able to wait the candle close. .

  2. #12
    quote SL hit.. Have you back test this egy ? Brakeout is when candle close, if the tail that brakeout the line, that is still not sure the price will brake or not. . So I think this egy is much better if we are able to wait the candle near. .
    You are right bro.better wait for the candle break the snr

  3. #13
    Junior Member javier03bcn's Avatar
    28
    ErollZach, do you still exchange this wonderful egy?

  4. #14
    , do you still exchange this wonderful egy?
    Yes.i have few breakout technique. This one is among my preferred egy

  5. #15
    Junior Member javier03bcn's Avatar
    28
    quote yes.i have couple of breakout technique. This one is one of my preferred egy
    That is superb! I'm using similar and they all are next to nothing.

  6. #16

  7. #17
    Junior Member soyjoram's Avatar
    9
    Yes,its most useful for us,tanx for sharing among us
    1.Monday-NO TRADE
    2. Timeframe H1 ONLY
    3. Count 7 CANDLES and mark SUPPORTRESISTANCE
    4. Any BEARISH CANDLE that violate SUPPORT is 'SHORT SETUP'
    5. Any BULLISH CANDLE that violate RESISTANT is 'LONG SETUP'
    6. TP in FIBO 261.8 SL in FIBO 50/38.2

  8. #18
    Hi Errol Zach I am in United Kingdom, at around what time shall I begin counting the candle? Is it before the London? Is it before The US? or anytime?
    As I mentioned elsewhere above, you can drop a seven-candle box anywhere and it'll work. Hell, drop it on the m15 chart and it is going to work!

  9. #19
    Junior Member OxntisOxrina's Avatar
    17
    Hi Errol Zach
    I'm in United Kingdom, at about what time shall I begin counting the candle?
    Can it be before the London open? Is it before The US? or anytime?

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