The system is Big Dog because the New York players come in to play. This mainly affects the USD and Cable is the pair that moves the most.
I remember CT Guy saying the same thing. He only trades Cable and only has done for years.
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DislikedI really think that we should concentrate only on GBP/USD.
The system is Big Dog because the New York players come in to play. This mainly affects the USD and Cable is the pair that moves the most.
I remember CT Guy saying the same thing. He only trades Cable and only has done for years.Ignored
DislikedThat may be a good idea. Trying to balance several pairs is somewhat difficult at times.Ignored
Disliked
in my opinion, waiting for a pullback down to 5 minutes will keep you out of trouble most often than not. Breakouts are infamous for false moves in my experience.
CheersIgnored
DislikedHi Nomoretoxic,
Whats the criteria that you use to identify the pullback candle ? a candle that pullsback inside the box and closes outside the box ?
ThanksIgnored
Dislikedoutside the box. I take the first one. Sometimes the market keeps pulling back, you just take the first one as a mark. Let the market do it's thing
I make money with this box every day. I mean, sometimes you win and lose, not a holy grail, but is consistent...I am trading live by the way
CheersIgnored
DislikedHi Money Duck..
Would u be so kind to let us know what kind of MA's n the setting u using on that EJ TF5min chart.
Thanks in advance
~Profi~Ignored
DislikedDo you think we need to avoid the pairs where the box is bigger than 50 - 60 pips? Thanks!Ignored
DislikedI am sorry I am trying but seems like there's something going on
as soon as everything is fixed I'll load the charts
cheersIgnored
DislikedThis is a trade I made today - NY time
Take at closer look on the labels. I use stop orders all the time.
I am on the lookout for the pullback. Once it closes (always at the close of the candle) then I place a stop (buy/sell) order 2 -3 pips away to avoid a double top-bottom.
Remember that stop-loss should be at the opposite side of the breakout candle
If I get stopped out, simply I look to the other side of the box.
The stop loss should be at a reasonable distance form the box. I mean, you got to give the trade some wiggle. I look for at least 15-20 pips minimum with a 1:1 risk/reward.
I am tryting to load up a chart and I am getting some error from forexfactoryIgnored