7am-9am Big Dog USD Breakout Strategy | Page 22 | 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

  • #421
  • Sep 8, 2008 1:54pm Sep 8, 2008 1:54pm
Quoting tazmaan
If using the 'trade with the trend' addition, looks like today, EU, GU, UCHF, UCAD, AU, and UJ would all be big winners todays, and still going.
Great obversation... thanks for sharing
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #422
  • Sep 8, 2008 2:06pm Sep 8, 2008 2:06pm
Quoting CTGUY
Here is a chart that gives an explanation on how the EMA's can assist your trades. I don't trade against them.

There will be many trades that will go through corrections and go against the trends. The majority of the successful trades are those that go with the trend.


Thanks for that clarification, these will help alot!
  • #423
  • Sep 8, 2008 2:19pm Sep 8, 2008 2:19pm
Whoa...I added my EMA's to the charts and YES you are right...it is clear direction NOT to enter into the GBP/USD long trade. Oh well...I lost...I'll call that tuition money. I learned today. I did notice that the USD/JPY was not offering a clear indication of an up or down movement prior to the trade(see attached image)


FYI...I did add my EMA to my chart program and it shows only one EMA line...I noticed on CTGUY's attachment that he has numerous red lines expanding and contracting at various points. I am wondering which indicator gives those results.

tomorrow is another day and I look forward to trading....for now...I lick my wounds caused by my lack of knowledge.

Good Luck to everyone.
Attached File(s)
File Type: pdf USD-JPY-09082008.pdf   20 KB | 1,309 downloads
  • #424
  • Sep 8, 2008 2:27pm Sep 8, 2008 2:27pm
Read post # 397 for the EMAs that CTGUY is using on the chart.

Quoting bigdolph
Whoa...I added my EMA's to the charts and YES you are right...it is clear direction NOT to enter into the GBP/USD long trade. Oh well...I lost...I'll call that tuition money. I learned today. I did notice that the USD/JPY was not offering a clear indication of an up or down movement prior to the trade(see attached image)


FYI...I did add my EMA to my chart program and it shows only one EMA line...I noticed on CTGUY's attachment that he has numerous red lines expanding and contracting at various points. I am wondering which indicator gives those results.

tomorrow is another day and I look forward to trading....for now...I lick my wounds caused by my lack of knowledge.

Good Luck to everyone.
  • #425
  • Sep 8, 2008 3:59pm Sep 8, 2008 3:59pm
Quoting CTGUY
Anyone that traded this as a long would be trading against the written rules unfortunately. The system was an obvious pending short.
CTGUY, could you give post us the exact written rules? This system as first presented said nothing about moving averages, 4 hr trends etc.
Many thanks,
Mike4x.
  • #426
  • Sep 8, 2008 4:17pm Sep 8, 2008 4:17pm
Dznmrd,

could you share 2 more indics which are seen on your post #387?
the first one is a market session time (right top corner)
the second one looks like a group of red boxes with arrows, numbers and %.

looking for them for a long time. will greatly appreciate.

thanks
  • #427
  • Sep 8, 2008 4:59pm Sep 8, 2008 4:59pm
nice thread
  • #428
  • Sep 8, 2008 5:57pm Sep 8, 2008 5:57pm
Excellent thread everyone.

I use a similar breakout system to trade crude oil. The difference is that it uses the high/low range of the first 30 minutes of the trading day, so 9:30-10am NY time.

This got me to thinking, since I see before me 2 similar systems, both successful, but using different parameters. So.... What determines the length of the open range...in other words, why does 2 hours work, and not say 1 hours, 15 mins, 30 mins or 4hours?

Im interested to hear the theory behind this.
Just focus on the pips. The rest is insignificant.
  • #429
  • Sep 8, 2008 6:16pm Sep 8, 2008 6:16pm
Big dog worked good for me this am, .25 lots, and I ended up with a a little over 47.00 profit, I messed up with setting the orders though , profit would have been greater than 70.00
  • #430
  • Sep 8, 2008 6:34pm Sep 8, 2008 6:34pm
Quoting Konstas
Dznmrd,

could you share 2 more indics which are seen on your post #387?
the first one is a market session time (right top corner)
the second one looks like a group of red boxes with arrows, numbers and %.

looking for them for a long time. will greatly appreciate.

thanks
Attached File(s)
File Type: ex4 #MarketPrice _v1_4.ex4   19 KB | 933 downloads


Attached File(s)
File Type: ex4 _TRO_MA_MULTI.ex4   33 KB | 1,016 downloads


Attached File(s)
File Type: ex4 _TRO_MULTI_TREND_BOXES.ex4   26 KB | 1,159 downloads


Attached Image


Attached Image
  • #431
  • Sep 8, 2008 7:23pm Sep 8, 2008 7:23pm
Quoting bigdolph
CTGUY,

I am may not fully understand the system and thus I was reaching out to find out what I did wrong, if anything. I guess at this point I am not sure about the stop loss location.

Also, what do you mean by 1 hour and 4 hour? I understand what it is, ofcourse, but didn't read about it in the intial post in this thread...so I didn't know it was instrumental in this particular theory.

Thank you for your reply.
Since stoploss placement is discretionary I'll tell you what I do. I place a stop at half of the move of the box. To find it quickly, stretch a fib from the high to the low of the box and take the price at the fifty percent line. There isn't any point in having a bigger stoploss than that in my opinion- if the price is going against you by more than half the move of the box, I don't consider that a breakout- just a continued range. But like CTGuy said, different strokes for different folks.

BTW, made some nice pips with this on both london and new york sessions. Great method, gents.
Is your SL my TP?
  • #432
  • Sep 8, 2008 8:20pm Sep 8, 2008 8:20pm
Hi George,

Thanks for the wonderful explanation. EMA's bunching up and opening up is the easiest way i've come across to identify the immediate trend. How do you use the yellow EMAs? Thanks for ur help

Quoting CTGUY
Here is a chart that gives an explanation on how the EMA's can assist your trades. I don't trade against them.

There will be many trades that will go through corrections and go against the trends. The majority of the successful trades are those that go with the trend.
  • #433
  • Sep 8, 2008 8:51pm Sep 8, 2008 8:51pm
DZNMRD,

thanks a lot for these indics... sure they can be useful.
but I actually was talking about others, which are seen on your picture.

ah... here it is...!

thank you in advance, Sir.
Attached Image (click to enlarge)
Click to Enlarge Name: rangingbigdog.jpg Size: 229 KB
  • #434
  • Sep 8, 2008 9:37pm Sep 8, 2008 9:37pm
With all due respect, it appears that a good number of you are trading without reading through the entire thread. Now if you are just trading a demo account - that's one thing.

But if you are risking REAL MONEY without taking the time to read the entire thread to completely understand the system, (or any system for that matter) why don't you just send the money to your favorite charity instead - At least some good will come of it.

Before risking REAL MONEY, you need to:

1. Understand not only the rules but also the reason for the rules.

2. Make any needed adjustments to the rules to fit your trading style. (and if you do not understand your trading style, maybe your should pick up a book before starting to read any thread)

3. Test your rules using either a demo acct or with teeny tiny lot amounts using money that you can comfortably lose.

I am sure that others can add more to my sentiments...


T...
  • #435
  • Sep 8, 2008 9:47pm Sep 8, 2008 9:47pm
Quoting Konstas
DZNMRD,

thanks a lot for these indics... sure they can be useful.
but I actually was talking about others, which are seen on your picture.

ah... here it is...!

thank you in advance, Sir.
The most topmost right is a clock software not an indicator
you can find a free version here. http://qlock.com

and the 4 indicators, you will find the great details on this thread
http://www.forex-tsd.com/commercial-...ity-meter.html
  • #436
  • Sep 8, 2008 9:50pm Sep 8, 2008 9:50pm
Quoting Konstas
DZNMRD,

thanks a lot for these indics... sure they can be useful.
but I actually was talking about others, which are seen on your picture.

ah... here it is...!

thank you in advance, Sir.

That indicator is called the probability meter. I have it too and I must say that it's very useful if you know how to use it.

The indicator is locked to the account, and thus we can give it to you, but it will be useless. You can buy the indicator for yourself at www.ervent.net
or ask FerruFX (The Creator, he's on this forum)
  • #437
  • Sep 8, 2008 10:02pm Sep 8, 2008 10:02pm
thanks a lot!
I knew that qlock wasn't an indic - just easier to type.
thanks for info.

have a great trades tmr!
  • #438
  • Sep 9, 2008 12:40am Sep 9, 2008 12:40am
Hey Ronald,
I tossed your EA on a demo account on EU only, and I guess I don't really understand what it's supposed to do. Can it be used with this system?
There aren't many settings, so I assume if it indeed works the way this system needs it to, then I have the time settings wrong.
I set it to my chart and chose 14:00 for start time, and 16:15 for end time (as I use fxdd and it has a 2 hr gmt differential).
I assumed (yes I know what they say about assume) that it would get the hi-lo from the start end time settings, then take the trade as this system requires. But it ended up taking about 10 trades yesterday, throughout the day, and none of them were anywhere near the hi-lo+breakout buffer.
If you have a manual or can enlighten me it'd be much appreciated.
Thanks!
  • #439
  • Sep 9, 2008 1:31am Sep 9, 2008 1:31am
In the New York Box I get an error "invalid point number 155 for ObjectMove function". Also for 154 and 153. What could be the problem?
  • #440
  • Sep 9, 2008 2:55am Sep 9, 2008 2:55am
Quoting cheelu
Hi George,

Thanks for the wonderful explanation. EMA's bunching up and opening up is the easiest way i've come across to identify the immediate trend. How do you use the yellow EMAs? Thanks for ur help
Hey my friend... the yellow are faster EMA's and are good if you want to switch over to the 1M and 5M charts. Same rules apply as far as line separations, etc.

Wish you many pips on Tuesday
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
0 traders viewing now