7am-9am Big Dog USD Breakout Strategy | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Big Dog Trading Secret 272 replies

Moving Markets at 7am - 1pm PST? (3pm - 9pm GMT) 2 replies

Question about big dog strat... 2 replies

Trading The Big Dog Pack ..howllll 26 replies

Who are the champion DOG pickers??? 6 replies

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

7am-9am Big Dog USD Breakout Strategy

  • #161
  • Sep 4, 2008 6:28am Sep 4, 2008 6:28am
First of all - 'trading the box' is a strategy that has been around since people started using charts. Thank you to whoever put in the time to come up with the current parameters around US open.

Also - this week and the next two days should be especially turbulent. Be careful to make too many assumptions based upon your results from this period.

Now for the questions:

Since you are looking at a two hour period, why not plot the box using the one hour time frame? That should be a bit easier. The highs and lows for the two hour period would be the same for 2 - one hour candles as the 8 - 15 minute candles. Am I missing something?

Is anybody using a special entry strategy if the last candle ends at a high or low or are you just entering a market order?

Thanks

T...
  • #162
  • Sep 4, 2008 6:43am Sep 4, 2008 6:43am
Yes I think that you must open an order market instead of a stop order if the next candle open at the high/low of the last candle.
It would be logic, no!?
  • #163
  • Sep 4, 2008 6:45am Sep 4, 2008 6:45am
Hi everybody, yesterday I was out of desk, but as you can see, was another great day, with the following result:

EU: TP3 + 45,
AU: TP2 + 30,
UCH: TP3 + 45,
UJ: TP3 + 45,
GU: TP3 + 45,
UCAD: TP3 + 45.

The Big Dog Time just began, we'll see what going on today. I'll post the pictures at 9 (NYT) for reference.

Following the main idea of Big Dog, I mean, drawing a box during the first two hours of the market it's open, I think that this idea can be work for any other market, US in this case, or European or Asian market time. I'll try to make an indicator that can show this strategy for the 3 markets at the same time to compare.
  • #164
  • Sep 4, 2008 6:54am Sep 4, 2008 6:54am
Bonjour Bull

I confirm that it works also with the European market (6:00-8:00) GMT+2

I have posted some pictures above your head my friend :-)
  • #165
  • Sep 4, 2008 7:25am Sep 4, 2008 7:25am
If you like the Big Dog System, feel free to click and vote for it.


See picture for instructions on how to vote

Thanks
Attached Image
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #166
  • Sep 4, 2008 7:54am Sep 4, 2008 7:54am
the 9am candle ends at 9:15 ? we place orders once the 9:15 candle appears, correct?
  • #167
  • Sep 4, 2008 7:54am Sep 4, 2008 7:54am
Here is a free e-book that describes very similar approach to open range trading http://scans.marketgauge.com/GetOReBook_step1.asp
  • #168
  • Sep 4, 2008 7:55am Sep 4, 2008 7:55am
Do we wait until the 13.00 Hour( GMT) candle closes to put the buy/sell order? if yes that means we place the order at 13.15 GMT??? Do i have this correct??
  • #169
  • Sep 4, 2008 8:02am Sep 4, 2008 8:02am
Is thier any indicator that will count the pips for the given time
range of the box,
Trying to test see the best box range for a given pair
for the best success
  • #170
  • Sep 4, 2008 8:04am Sep 4, 2008 8:04am
Just a few pages back there's an indi.

Quoting toddanderson
Is thier any indicator that will count the pips for the given time
range of the box,
Trying to test see the best box range for a given pair
for the best success
  • #171
  • Sep 4, 2008 8:17am Sep 4, 2008 8:17am
Ok I see it now on the newyork box indicator
i was confused when it said daily range

thanks


Quoting BenQ
Just a few pages back there's an indi.
  • #172
  • Sep 4, 2008 8:33am Sep 4, 2008 8:33am
Quoting CTGUY
My good friend Bmwboyee is refering to me as the one that introduced the system to dznmrd. I have traded this system for a long time with a group of friends that trade it professionally.
Hi CTGUY, can you tell us how is your expirence trading with this strategy?
%succefull trading. money management or other thing you can add to improve this wonderfull system.

BTW... Hello to everyone on this wonderfull forum, this is my first post here....
  • #173
  • Sep 4, 2008 8:36am Sep 4, 2008 8:36am
looks like strategy did not hold strictly for gbp/usd today?

see attached image
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 15.png Size: 16 KB
  • #174
  • Sep 4, 2008 9:03am Sep 4, 2008 9:03am
Results so far today:

AUD/USD: -15
NZD/USD: -15
USD/CHF: -15
GBP/USD: -30

Total: -75

I still have a EUR/USD that has not yet triggered.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #175
  • Sep 4, 2008 9:06am Sep 4, 2008 9:06am
Only a 15 pip sl?

Quoting thehenryfam
Results so far today:

AUD/USD: -15
NZD/USD: -15
USD/CHF: -15
GBP/USD: -30

Total: -75

I still have a EUR/USD that has not yet triggered.

Scott
  • #176
  • Sep 4, 2008 9:08am Sep 4, 2008 9:08am
Quoting thehenryfam
Results so far today:

AUD/USD: -15
NZD/USD: -15
USD/CHF: -15
GBP/USD: -30

Total: -75

I still have a EUR/USD that has not yet triggered.

Scott
According to the originator of this system you should put your Stop Loss to the opposite high or Low, not only 15 pips
  • #177
  • Sep 4, 2008 9:09am Sep 4, 2008 9:09am
Yes, I am initially trying a 15-pip TP and SL for a 1:1 risk-reward (30 pips for G/U). I have a feeling the higher you go, the less your winning % will be, but I could be wrong.

What are you using?

My E/U short trade just got triggered.

Scott

Quoting BenQ
Only a 15 pip sl?
Prices are never too high to begin buying or too low to begin selling.
  • #178
  • Sep 4, 2008 9:12am Sep 4, 2008 9:12am
Working well..with EJ...

Sonic
  • #179
  • Sep 4, 2008 9:13am Sep 4, 2008 9:13am
non-manu pmi > 50

this may explain the downtrend resuming
  • #180
  • Sep 4, 2008 9:14am Sep 4, 2008 9:14am
Yeah, it looks like you're right -- I missed that. I must have been looking at his mention of a 15-pip trailing SL. In any event, setting the SL at the opposite high or low would produce a wretched R:R unless you're going for 50 pips or so, meaning this would have to win a very high % of the time.

Scott

Quoting JokeR
According to the originator of this system you should put your Stop Loss to the opposite high or Low, not only 15 pips
Prices are never too high to begin buying or too low to begin selling.
0 traders viewing now