Box breakout pro scalping

15 min tlb · Dec 1, 2012

I have dedicated this thread to box breakout scalping .I am a professional trader and want to show you a professional scalping method.

Before opening every trade ,you must find a box .A box is a range of candles which can be in all shapes and sizes.it can be in a triangular form , rectangular or channel form.

Look for a box first .

But first you must read about box breakouts from the following thread .

http://www.trade2win.com/boards/forex/162398-box-breakout-trading.html

Look for a box along trends

15 min tlb · Dec 1, 2012

Here is the method

I personally use a 20 pip stop and average target of 15 pips , 10 on first trade 20 on second , and look for a 67 % hit rate.On 1,000 trades 330 would lose 20 = 6600 , and 670 would make 15 pips average = 10,050 , and a net profit of 3450 .

Boxes signify support and resistance
http://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:support_and_resistan

http://www.investopedia.com/university/technical/techanalysis4.asp#axzz2DoyeITxG

15 min tlb · Dec 2, 2012

Trend lines are areas where the supply demand balance is evident . In down trends the trend lines are where there are more sellers than buyers , unless the trend is about to reverse , this is the place to go short because bulls may find it difficult to beat the awaiting bears , prices often reach these trendlines and bulls immediately start retreating.Opposite applies in up trends.

Always look for sloping trend lines , sloping trend lines are shown in first post , the balance of the slop is controlled by the majority of 60/40 or similar figure.Avoid ranging markets as balance is 50/50.Use the trend lines as support or resistance lines and as low areas /high areas.

Trend Lines - ChartSchool - StockCharts.com

15 min tlb · Dec 2, 2012

Trend line (technical analysis) - Wikipedia, the free encyclopedia

Trend lines are used in many ways by traders. If a stock price is moving between support and resistance trend lines, then a basic investment strategy commonly used by traders, is to buy a stock at support and sell at resistance, then short at resistance and cover the short at support. The logic behind this, is that when the price returns to an existing principal trend line it may be an opportunity to open new positions in the direction of the trend, in the belief that the trend line will hold and the trend will continue further.

It won't be long before you're drawing them on your own charts to increase your chances of making a successful trade!Understanding the direction of an underlying trend is one of the most basic ways to increase the probability of making a successful trade, because it ensures that the general market forces are working in your favor.

Read more: The Utility Of Trendlines

Look for balance of power in the market , and supply demand line .

15 min tlb · Dec 2, 2012

It is the box . Look for the box and trade in line with moving averages in the 15 minute box system.

Pro scalping mt4 moving averages.Moving averages should be used for support and confirmation of trend.

Anyone can call live trades using this method in post 2.

15 min tlb · Dec 2, 2012

Some great videos.Enjoy them for education on moving averages.

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_averages

Forex Scalping Techniques - YouTube

How The Pro's Trade Using Moving Average (MA) Technical Analysis - YouTube

15 min tlb · Dec 2, 2012

Trend trading is the fastest and lowest risk way to make money in the markets. In trend trading you can identify a change of trend in the market , take your position, ride the trend and close your position shortly after the trend stalls.In trending markets trend bars are bigger than the counter trend bars , trading with the trend gives bigger profits than counter trend trades (which tend to lose most).A good trend trading method will give a 67 % profitable trades hit rate and a 33 % losing rate , a counter trend method will give a 33/67 % hit rate.Scalp with trends and trend lines.

15 min tlb · Dec 2, 2012

Here are the results of all my trading systems , included also are results of the following system.Results from scalping can be very similar.

http://www.trade2win.com/boards/forex/162398-box-breakout-trading-4.html#post2025112

neil · Dec 2, 2012

Here's a similar box breakout system:

Stairstep Breakouts @ Forex Factory
and Darvas of course:

Darvas Box Theory - Home

I would demo them before risking real trades

15 min tlb · Dec 2, 2012

neil said:
Here's a similar box breakout system:

Stairstep Breakouts @ Forex Factory
and Darvas of course:

Darvas Box Theory - Home

I would demo them before risking real trades

They are box strategies , but not similar.

The first one is a farce and the second one is the usual amateurish stuff , I looked at both of them.He uses some 30/35 pip minimum box .....that in istself is amateurish .....if volatility increased by 50 % ..that would be like 20 pips......

These are non starters.

15 min tlb · Dec 3, 2012

Long 1.3036 stop 12 , live trade

15 min tlb · Dec 3, 2012

15 min tlb said:
Long 1.3036 stop 12 , live trade

stop now 1.3030 below tl

15 min tlb · Dec 3, 2012

15 min tlb said:
stop now 1.3030 below tl

-6 (total -6)

15 min tlb · Dec 3, 2012

Long 1.3038 stop 12

http://www.trade2win.com/boards/dis...ing-general-chat-lounge-1278.html#post2025758

15 min tlb · Dec 3, 2012

15 min tlb said:
Long 1.3038 stop 12

http://www.trade2win.com/boards/dis...ing-general-chat-lounge-1278.html#post2025758

closed 1.3035 -3 (-9)

15 min tlb · Dec 3, 2012

Following this systems does give profitable trades.It did give a long signal at 1.3039 again when lwmas turned green.The 50 round number resistance and upper channel killed the move.

15 min tlb · Dec 3, 2012

Long 1.3042 stop 7

15 min tlb · Dec 3, 2012

15 min tlb said:
Long 1.3042 stop 7

closed 1.3038

-4 (total -13)

15 min tlb · Dec 3, 2012

long 1.3037 stop 1.3030...if this bar closes above lwma 18 on 15 min and tick..if

No trade here choppy

thepom · Dec 3, 2012

15 min tlb said:
long 1.3037 stop 1.3030...if this bar closes above lwma 18 on 15 min and tick..if

No trade here choppy

Hi 15min tlb,

Why not open a zulutrade demo Signal Provider account so we can watch your trading? (At the moment you are showing a win rate of 0 out of 3 trades. It is not quite the 67% + win rate that you are describing as possible with this strategy).

Also a set of specific rules of your trading strategy would be nice.

Box breakout pro scalping

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