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Attachments: 7am-9am Big Dog USD Breakout Strategy
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7am-9am Big Dog USD Breakout Strategy

  • #81
  • Sep 2, 2008 1:02am Sep 2, 2008 1:02am
Thanks dznmrd for posting the Big Dog System.

Just one comment regarding your Step 1., which states:
Pull out a M15 chart for a USD major pair, example like GBPUSD.

Please note that this particular strategy is specifically for the GBP/USD only -- Why? Because the daily TIMING of the Big Dog System is specific for when the London Big Dogs are back from lunch and ready to roll up their sleeves for some serious trading, and the New York Big Dogs are rolling up their sleeves after having their morning coffee as they prepare to mount the "English Race Horse" and run with it.

That should also answer the questions posed by eagle4x and harigp:

Why not use the strategy for other sessions -- London - Tokyo?

A note to eagle4x: See above for the answer.

Is the strategy only for GBP US$

Yes harigp, it is - please see answer above.
  • #82
  • Sep 2, 2008 2:21am Sep 2, 2008 2:21am
Thanks dznmrd for your system as it purely anticipates where price is going on the intraday long run.

Also thanks Sonic for your your indicators and template.
  • #83
  • Sep 2, 2008 6:29am Sep 2, 2008 6:29am
My Big Dog is waking up and barking.
  • #84
  • Edited 7:17am Sep 2, 2008 6:58am | Edited 7:17am
Thank you for the explanation. Simple, concise, and VERY helpful. Much like your strategy. As I mentioned in my post, I am not here looking for a holy grail, I am here looking for learning oppurtunities. So the real issue for me is not whether the strategy works (though I am sure it does). Rather so that I can understand its intentions and learn from it. If it works I can learn from its success, if it doesn't I can learn from its failings. A thread like this is perfect for people like me!

Thanks to to sonic for the indicators. I had already tried using the clock indicator and have not been able to intall it properly. For some reason it is getting the times and dates wrong for most time zones. I am in the UK, so we are currently GMT+1 (BST). This would seem to indicate that I need to input '1' in the 'mygmt' tab, however this does not work. I have tried a lot of other settings too without success.

Thanks again

David
Attached Image (click to enlarge)
Click to Enlarge Name: time.jpg Size: 113 KB
  • #85
  • Sep 2, 2008 8:00am Sep 2, 2008 8:00am
Nice strategy Dznmrd! Just back tested last 3 months on the eurusd. All 3 months typically 75% profitable with a tp of 30. If you have the time to practise discretion instead of just set and forget then I think some of the (few) loss's could have been avoided or minimised.
Anyone else tested the other USD pairs?
  • #86
  • Sep 2, 2008 8:03am Sep 2, 2008 8:03am
Today Chart, don't forget the U.S. ISM Manufacturing PMI in a few minutes.

Have nice pips!
Attached Image (click to enlarge)
Click to Enlarge Name: gu0902.gif Size: 17 KB
  • #87
  • Sep 2, 2008 8:05am Sep 2, 2008 8:05am
Any 1 can upload EJ chart???
Am at work...not MT4...

sonic
  • #88
  • Sep 2, 2008 8:05am Sep 2, 2008 8:05am
And also don't forget the tip 3. If the Distance between the high and low is more than 50-60 pips, it could be not very profitable.
  • #89
  • Sep 2, 2008 8:08am Sep 2, 2008 8:08am
Quoting glynnt
Nice strategy Dznmrd! Just back tested last 3 months on the eurusd. All 3 months typically 75% profitable with a tp of 30. If you have the time to practise discretion instead of just set and forget then I think some of the (few) loss's could have been avoided or minimised.
Anyone else tested the other USD pairs?
My friend targets just 10 pips on several pairs (on 50 lot real trades or 50,000$ trades on this) so to get the more % profitable ratio

OK guys, its time for the big dog again, lets wait and watch.,

Good luck all and may the pips be with you
  • #90
  • Sep 2, 2008 8:16am Sep 2, 2008 8:16am
Quoting sonicdeejay
Any 1 can upload EJ chart???
Am at work...not MT4...

sonic
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 110 KB


Heres EJ chart for you, but i don't think it will work well for breakout, BTW, i never tried these pairs for US breakouts
  • #91
  • Sep 2, 2008 8:21am Sep 2, 2008 8:21am
7:30pm USD http://www.forexfactory.com/images/m...mpact_high.gif ISM Manufacturing PMI
http://www.forexfactory.com/images/m...dar_detail.gif
49.9 50.0

Forecast suggests bad news, but im very used to the fake forecasts on USD and it suddenly comes out much better than expected. Theres 1hour 30mins left for this news since the time is 6.50 here while i type. Be ready to see some kind of breakout hopefully, whether or not this news turns out good or bad
  • #92
  • Sep 2, 2008 8:25am Sep 2, 2008 8:25am
Quoting glynnt
Nice strategy Dznmrd! Just back tested last 3 months on the eurusd. All 3 months typically 75% profitable with a tp of 30. If you have the time to practise discretion instead of just set and forget then I think some of the (few) loss's could have been avoided or minimised.
Anyone else tested the other USD pairs?
A good idea would be to wait for at least one candle/bar to completely breakout and close off, and then check if the next candle/bar heads in the way of the breakout.... it could probably trend that way until the next day or more
  • #93
  • Sep 2, 2008 8:28am Sep 2, 2008 8:28am
Quoting dznmrd
Attachment

Heres EJ chart for you, but i don't think it will work well for breakout, BTW, i never tried these pairs for US breakouts
http://www.forexfactory.com/attachme...1&d=1220361361
According to my back test, yesterday..EJ work well....

Anyway... My LONG 158.06 is taken...

Do I need to cancel my short entry since the long is taken??

sonic
  • #94
  • Sep 2, 2008 8:31am Sep 2, 2008 8:31am
Quoting learnerdavid
Thank you for the explanation. Simple, concise, and VERY helpful. Much like your strategy. As I mentioned in my post, I am not here looking for a holy grail, I am here looking for learning oppurtunities. So the real issue for me is not whether the strategy works (though I am sure it does). Rather so that I can understand its intentions and learn from it. If it works I can learn from its success, if it doesn't I can learn from its failings. A thread like this is perfect for people like me!

Thanks to to sonic for the indicators. I had already tried using the clock indicator and have not been able to intall it properly. For some reason it is getting the times and dates wrong for most time zones. I am in the UK, so we are currently GMT+1 (BST). This would seem to indicate that I need to input '1' in the 'mygmt' tab, however this does not work. I have tried a lot of other settings too without success.

Thanks again

David
Hi David,

If your into forex trying to find the so called "HOLY GRAIL". Id suggest the only holy grail you can find in life is a regular 9-5 job or a good running business,

Forex is a market where R&D is required every now and then, because no method or strategy works forever, but as long as they works... take advantage and make as much moohlah as you can
  • #95
  • Sep 2, 2008 8:33am Sep 2, 2008 8:33am
Quoting sonicdeejay
According to my back test, yesterday..EJ work well....

Anyway... My LONG 158.06 is taken...

Do I need to cancel my short entry since the long is taken??

sonic
Off course man, if your one of your orders got hit, cancel the second one, in case of whipsaw, do you want to get money burned out of 2 losing trades just in case of the worst ?
  • #96
  • Sep 2, 2008 8:34am Sep 2, 2008 8:34am
Quoting dznmrd
7:30pm USD http://www.forexfactory.com/images/m...mpact_high.gif ISM Manufacturing PMI
http://www.forexfactory.com/images/m...dar_detail.gif
49.9 50.0

Forecast suggests bad news, but im very used to the fake forecasts on USD and it suddenly comes out much better than expected. Theres 1hour 30mins left for this news since the time is 6.50 here while i type. Be ready to see some kind of breakout hopefully, whether or not this news turns out good or bad
Your going to see a breakout a bit sooner than you think. Your an hour out, news in 30 minutes!
  • #97
  • Sep 2, 2008 8:37am Sep 2, 2008 8:37am
Quoting dznmrd
Hi David,

If your into forex trying to find the so called "HOLY GRAIL". Id suggest the only holy grail you can find in life is a regular 9-5 job or a good running business,

Forex is a market where R&D is required every now and then, because no method or strategy works forever, but as long as they works... take advantage and make as much moohlah as you can

I think you misread my post. I said "I am NOT here looking for a holy grail, I am here looking for learning oppurtunities"
  • #98
  • Sep 2, 2008 8:39am Sep 2, 2008 8:39am
Quoting dznmrd
Off course man, if your one of your orders got hit, cancel the second one, in case of whipsaw, do you want to get money burned out of 2 losing trades just in case of the worst ?


That is what happen to my demo on GBP/USD last nite...

sonic
  • #99
  • Sep 2, 2008 8:42am Sep 2, 2008 8:42am
Quoting sonicdeejay
According to my back test, yesterday..EJ work well....

Anyway... My LONG 158.06 is taken...

Do I need to cancel my short entry since the long is taken??

sonic
Currently,

EJ is fighting bull/bear in multiple resistance 158.27 region...
Btw... Does this system work well in UK open as well....BTW..just to confirm UK session open @ what GMT 0 time??

sonic
  • #100
  • Sep 2, 2008 8:45am Sep 2, 2008 8:45am
Quoting sonicdeejay


That is what happen to my demo on GBP/USD last nite...

sonic
Wow! Check the EURJPY is already dancing over 158.22 ... hope u can login to platform from work and take the profit :
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