hi, I'm interested in your google wave, my email joann2008 gmail com

Hello my friend..

Nice job making an EA of the Sunday BO strategy, There are 2 other strategies that are very similar and they seem very profitable too... I think with some little changes on the sunday BO strategy we could run the 2 other strategies.. If you´re interested just let me know ok?

my mail and also msn messenger is felipe_cirne@hotmail.com

thanks a lot and congrats!!

Helly My friend..

Im checking the Sunday bo strategy and I saw your Last print screen,m there is an OSP buy and sell.. is that an automated way to open orders??? do you know where can i get it??

Thanks!!!

Take todays GU trade for example which I did follow - first trade short was stoped out for 1R loss - ok no problem....re-enter long - now the SL for the 2nd trade should not in my book be placed at the low of the Sunday candle....because the market does not recognise this level as price has already moved through it with ease 2 or 3 times. My preference would be to use the low of 1.6427 (or at very least the 1.6444 level low of 7.00 candle) as the most recent area of support to hide ur stop - and as a result this would be the level to caluclate the position of ur size, and the trade would not have been stopped out on that violent re-test/profit take shake out by the pros

Phils system certainly looks like it works, and great to trade as a set and forget mechanical system. My difference is I look at the price action and adjust the trades as a result.

Cheers mate

Finally if the first break fails - we hope it doesnt but I always plan that it will, and often it does, then on my reentry in the other direction when calculating my R value (in order to calculate position sizing) I do not take the SL level as the original break out level - I will always incorporate the failed (or sometimes sucessful - (I also have different TP levels based on 1R, 2R etc..)) first trade S/R level - this then makes my SL level larger for 2nd trade - and increases the pip level of R - but it avaiods the trade returning and re-testing the failed level and Stopping me out - exactly what happened today on GU

hi s050...

the difference is i also trade sunday (monday morning) breakout...but a few differences and is to do with S/R levels - so my trades are not as mechanical as Phils and requires more involvement - esp on Monday

Firstly my broker starts the feed 2hrs before IBFX, so I actually have a full 4hr candle (4 x 1hr) to trade off rather than a 4hr candle that is actually only 2hrs in length (2 x 1hr) - usually there is no difference, but sometimes it does push my breakout window larger - I prefer to have a larger window than a smaller one.

Next I wont just blindly trade the break of the sunday candle - i always look back to late friday trading to see if any close S/R candles that i should be aware of, and if so i incorporate them into the breakout level.