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

  • #361
  • Sep 7, 2008 3:40pm Sep 7, 2008 3:40pm
Quoting HUnter123
Hi!
I didnt have time to read most of this post so maybe people already asked this question but when i trade a breakout system i would normally want the price to consolidate in "box hours" (7am-9am in this case).
but most of US economic data released on 8:30 am and is a market mover so the breakout might happenen before dow jones openning. so what is the logic behing it?
Its occasionally, for example NFP released on around 7-8 am .. .But usually USD news are after the 9am phase.

BTW, i was in a fight today and got beaten up a lot from 3-4 guys pounding me.

Just come back home and im really in a fxxked up mood here, hope i can cool down and trade properly when the market starts
  • #362
  • Sep 7, 2008 4:27pm Sep 7, 2008 4:27pm
Quoting HUnter123
Hi!
I didnt have time to read most of this post so maybe people already asked this question but when i trade a breakout system i would normally want the price to consolidate in "box hours" (7am-9am in this case).
but most of US economic data released on 8:30 am and is a market mover so the breakout might happenen before dow jones openning. so what is the logic behing it?
Read the thread as everyone else has and you will find your answers.

Breakouts occur at different times. The Big Traders specifically chose these times because they work at the time frames posted.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #363
  • Sep 7, 2008 5:35pm Sep 7, 2008 5:35pm
From the looks of the picture, looks like you won!
Quoting dznmrd
Its occasionally, for example NFP released on around 7-8 am .. .But usually USD news are after the 9am phase.

BTW, i was in a fight today and got beaten up a lot from 3-4 guys pounding me.

Just come back home and im really in a fxxked up mood here, hope i can cool down and trade properly when the market starts
  • #364
  • Sep 7, 2008 6:04pm Sep 7, 2008 6:04pm
Quoting paradoxical
From the looks of the picture, looks like you won!
Hell yeah, just too 210 pips from a GJ short at 195.35
  • #365
  • Sep 7, 2008 8:28pm Sep 7, 2008 8:28pm
Trying this. Just want to make sure of the times. A one hour and 45 minute window, instead of 2 hours?
Quoting excaliba007
well i ve been doing alot of work on this system and since it dosent work so well for usd/jpy 1300-1515 gmt+1 time i found that if we did thesame thing for 0000.1.45am gmt +1 for usd/jpy, it works 89% of the time and 100% if you set your start pip 5 pips away from the highest high and the lowest low in btw the time frames. check it out and give constructive discrimination pls.
  • #366
  • Sep 7, 2008 8:38pm Sep 7, 2008 8:38pm
more pips again!! +60 pips on GBPUSD buy & im break even, hope it goes to 1.8000 today for a start!!
  • #367
  • Sep 7, 2008 8:43pm Sep 7, 2008 8:43pm
I think with this strategy(as no indicators at all, only using price high low breakout), results of backtest with 90% can be used.

My backtest shows in month of August1 to 31, it is profitable system for GBPUSD.

I will attached results from Jan2008 till August08 soon.
  • #368
  • Sep 7, 2008 9:25pm Sep 7, 2008 9:25pm
Are you trading the Tokoyo open with this?
Quoting dznmrd
more pips again!! +60 pips on GBPUSD buy & im break even, hope it goes to 1.8000 today for a start!!
  • #369
  • Sep 7, 2008 9:30pm Sep 7, 2008 9:30pm
Won 200 pips from gbpjpy short and now another 101 pips from gbpusd ... 300 pips, way to start the week!!

Attached Image (click to enlarge)
Click to Enlarge Name: 101pips.JPG Size: 13 KB
  • #370
  • Sep 7, 2008 9:32pm Sep 7, 2008 9:32pm
Quoting paradoxical
Are you trading the Tokoyo open with this?
Nopes, trades made arent from breakout, just from the simple technical analysis,

But im waiting for today's BIG DOG 2 Dig some more pips
  • #371
  • Sep 7, 2008 9:55pm Sep 7, 2008 9:55pm
Quoting MrForex123
I think with this strategy(as no indicators at all, only using price high low breakout), results of backtest with 90% can be used.

My backtest shows in month of August1 to 31, it is profitable system for GBPUSD.

I will attached results from Jan2008 till August08 soon.
This is simple and very effective system..
and I love it as it use non-TA based indicator...

I am using it with my method and making 100% success rate...


Sonic
  • #372
  • Sep 7, 2008 11:20pm Sep 7, 2008 11:20pm
Quoting sonicdeejay
This is simple and very effective system..
and I love it as it use non-TA based indicator...

I am using it with my method and making 100% success rate...


Sonic

Sonic,

What is your 100% method?

Thanks!
  • #373
  • Sep 8, 2008 12:16am Sep 8, 2008 12:16am
Quoting Bobcat2
Sonic,

What is your 100% method?

Thanks!

Big Dog Method + Longer Trend in Mind + Price Action...

Sonic
  • #374
  • Sep 8, 2008 4:00am Sep 8, 2008 4:00am
Hi guys,

I've been reading this thread and have been getting confused with all the EA's and indicator's etc.

I was wondering if there is now a standard EA or indicator that most or all of you guys are using?

I am also confused with the time things - I am using IBFX, what would the correct time settings be for IBFX using the 7-9 Big Dog breakout method be?

Any help is much appreciated,
  • #375
  • Sep 8, 2008 4:50am Sep 8, 2008 4:50am
Quoting VitaminBeer
Hi guys,

I've been reading this thread and have been getting confused with all the EA's and indicator's etc.

I was wondering if there is now a standard EA or indicator that most or all of you guys are using?

I am also confused with the time things - I am using IBFX, what would the correct time settings be for IBFX using the 7-9 Big Dog breakout method be?

Any help is much appreciated,
IBFX is as same as ODl..they use GMT 0...
So NY 7AM-9AM setting will be 11:00 to 13:00....

You can go and look for sonic template..in this thread...

Sonic
  • #376
  • Sep 8, 2008 6:13am Sep 8, 2008 6:13am
Thanks Sonic,

I'm checking out your templates and stuff as of now -

I have looked at the various MM technique's being used and was wondering what seems to be working the best.

I have thought that maybe 2 x TP's - with S/L on the opposite side of the H/L +1 pip.

Maybe first TP = 25 Pips?

Second TP could be trailing or fixed - and second TP is set to B/E once first TP is taken out.

What seems to be working for you guys?
I've gone back in history and noticed that sometimes it might break the H/L range by a few pips and then turn around and would have stopped out.

Cheers,
  • #377
  • Sep 8, 2008 6:21am Sep 8, 2008 6:21am
Quoting VitaminBeer
Thanks Sonic,

I'm checking out your templates and stuff as of now -

I have looked at the various MM technique's being used and was wondering what seems to be working the best.

I have thought that maybe 2 x TP's - with S/L on the opposite side of the H/L +1 pip.

Maybe first TP = 25 Pips?

Second TP could be trailing or fixed - and second TP is set to B/E once first TP is taken out.

What seems to be working for you guys?
I've gone back in history and noticed that sometimes it might break the H/L range by a few pips and then turn around and would have stopped out.

Cheers,
Yes setting a TP1 then moving TP2 to breakeven seems a good idea....
  • #378
  • Sep 8, 2008 7:00am Sep 8, 2008 7:00am
Quoting Bull
First of all I want to Thank you for share your easy system.

Here is another pictures for today
Bull

Thianks for this indicator. Could be possible to make it ignore Sunday Data??

Thanks
  • #379
  • Sep 8, 2008 8:11am Sep 8, 2008 8:11am
"Tonite make me unstoppable,
I will charm, I will Slide,
I will dazzle with my wings....."

"The Prayer" by Bloc Party....




Sonic
  • #380
  • Sep 8, 2008 8:20am Sep 8, 2008 8:20am
I trade a strategy that is very close to this one except that I use 2 time frames 0000 - 0400 and 0400 - 0800.

I think that the results of the systems may be comparable for the second period. Adding the earlier european time frame has worked well for me.

I set sl at 26 PIPs and TPs at 20, 40, 60, etc.

I also like to look at the daily chart to see where the trend is.

Does anyone else do anything comparable?
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