Hi,
Everyones sharing such a lot on ForexFactory, I thought i will take the time to share with all too what i have learnt that works.
I just got this idea from a friend, who gets this idea from another. (nerd)
We called it the Big Dog 1400-1600 USD Breakout Strategy. (Around US OPEN)
Its a simple strategy. You need not have any indicator, just the default ones found in your metatrader.
Daily Profit Potentials: Around 30-50pips +
All you need to do is the following:-
1. Pull out a M15 Chart for a USD Major pair, example like GBPUSD.
2. Draw a vertical line at 14:00 time on your Chart.
3. Draw a vertical line at 16:00 time on your Chart.
4. Draw a Horizontal line at the high of candles/bars in between the vertical
line.
5. Draw a Horizontal line at the Low of candles/bars in between the vertical
line.
Thats it, Simply put a buy stop at the high and sell stop at the low with stoploss at the low (If your buying) and stoploss at the high (If your selling).
Ideal Targets: Around 30-50pips or no targets if you think it can go more
Trailing Stop of 15pips, if your using metatrader.
Example screen.
You can also check historical records and see its very profitable!!
Some points to note:
1. There are only 9 candles/bars in the 15 minute chart, between 1400-1600.
2. If the Distance between the high and low is less than 50-60 pips, it could be very profitable.
3. If the Distance between the high and low is more than 50-60 pips, it could be not very profitable.
4. If the price doesn't break the high/low, its a ranging market.
5. The USD news are usually released around or after the 14:00-16:00 phase.
6. The signals are only valid for the current day, Next day u again need to wait for the 1400-1600 time and 9 candles again.
*THE TIMEZONE IS BETWEEN 7AM-9AM New york Time*
#Custom Indicator#
(New Version)
New version of breakout indicator (Thanks to andee)
Now you can plot more breakouts on the chart, like London breakout, Asian Breakout, US breakout ect. Just change the magic number in the indicator for each breakout you wish to plot.
input what gmt_shift of your broker
Mulai = start,
Akhir = end,
Jumlah_Hari = number of day you want to display the indicator.
Forex market timez
http://www.2008.worldmarkethours.com/Forex/index.htm
Thats all about this strategy and good luck to everyone.
Everyones sharing such a lot on ForexFactory, I thought i will take the time to share with all too what i have learnt that works.
I just got this idea from a friend, who gets this idea from another. (nerd)
We called it the Big Dog 1400-1600 USD Breakout Strategy. (Around US OPEN)
Its a simple strategy. You need not have any indicator, just the default ones found in your metatrader.
Daily Profit Potentials: Around 30-50pips +
All you need to do is the following:-
1. Pull out a M15 Chart for a USD Major pair, example like GBPUSD.
2. Draw a vertical line at 14:00 time on your Chart.
3. Draw a vertical line at 16:00 time on your Chart.
4. Draw a Horizontal line at the high of candles/bars in between the vertical
line.
5. Draw a Horizontal line at the Low of candles/bars in between the vertical
line.
Thats it, Simply put a buy stop at the high and sell stop at the low with stoploss at the low (If your buying) and stoploss at the high (If your selling).
Ideal Targets: Around 30-50pips or no targets if you think it can go more
Trailing Stop of 15pips, if your using metatrader.
Example screen.
You can also check historical records and see its very profitable!!
Some points to note:
1. There are only 9 candles/bars in the 15 minute chart, between 1400-1600.
2. If the Distance between the high and low is less than 50-60 pips, it could be very profitable.
3. If the Distance between the high and low is more than 50-60 pips, it could be not very profitable.
4. If the price doesn't break the high/low, its a ranging market.
5. The USD news are usually released around or after the 14:00-16:00 phase.
6. The signals are only valid for the current day, Next day u again need to wait for the 1400-1600 time and 9 candles again.
*THE TIMEZONE IS BETWEEN 7AM-9AM New york Time*
#Custom Indicator#
(New Version)
New version of breakout indicator (Thanks to andee)
Now you can plot more breakouts on the chart, like London breakout, Asian Breakout, US breakout ect. Just change the magic number in the indicator for each breakout you wish to plot.
input what gmt_shift of your broker
Mulai = start,
Akhir = end,
Jumlah_Hari = number of day you want to display the indicator.
Forex market timez
http://www.2008.worldmarkethours.com/Forex/index.htm
Thats all about this strategy and good luck to everyone.
