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

  • #461
  • Sep 9, 2008 9:54am Sep 9, 2008 9:54am
My stop was at the high...1.7652...

Longterm points that the GBP is going down..so I will ride this blurp out. I hate getting stopped out.
  • #462
  • Sep 9, 2008 9:54am Sep 9, 2008 9:54am
Quoting thehenryfam
Sorry, CTGuy, but you are mistaken. You are looking at a two hour and 15 minute period. In the charts you posted, there are 9 bars in play at 15 minutes each. The 9th bar ends at 9:15 ET. That's a total of 2:15.

Scott

Actually, your the one incorrect. The boxes are drawn at 07:00 and 09:00 am NY. Anyone that knows the forex, knows that their are 9 candles drawn. The times that the candles capture are 07:00:00 am, est to 09:14:59 am est. The 9th bar ends at 09:14:59 not at 09:15 am. The 9:15 am bar would be the 10th bar. That is the reason why I call it 07:00 to 09:00 breakout box because this is where I chose to draw my lines.

I hope this clears up your confusion about the times. This is my system, I know the time frames involved.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #463
  • Sep 9, 2008 9:57am Sep 9, 2008 9:57am
Total pip collected

US Before the news 10 pip
us After teh new 30 pip

Since i am going out I closed the contract
  • #464
  • Sep 9, 2008 9:58am Sep 9, 2008 9:58am
Quoting moneda
Hello,

I was just about to post about the same topic...IF the box is between 7am-9am est..THEN the box will start with the 11gmt (7am) candle and end with the 12:45gmt (8:45am) candle. I use ODL. (00:00gmt = 8pm est). I hope that we can clear this issue once and for all.

Thanks
Hopefully thehenryfam understands it now...thanks for sharing
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #465
  • Sep 9, 2008 10:00am Sep 9, 2008 10:00am
Quoting tim4kaye
Where do you have your stop set? I think CTGuy said he uses a stop of 15 pips. Price hit the top of the box @ 1.7637 which would have taken you out there too.
Good point... If the trade is slow, I just grab my 10 pips. If the trade is moving fast, that is when I look for my 30 then set my S/L for 15. The GBP/USD was moving too slow.. I grabbed my 10 pips.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #466
  • Sep 9, 2008 10:07am Sep 9, 2008 10:07am
Quoting CTGUY
Good point... If the trade is slow, I just grab my 10 pips. If the trade is moving fast, that is when I look for my 30 then set my S/L for 15. The GBP/USD was moving too slow.. I grabbed my 10 pips.
How did you get 10 out of the G/U this morning? The most I saw positive was 2 or 3 pips before it shot up. Did you trade long or short this morning?
  • #467
  • Sep 9, 2008 10:11am Sep 9, 2008 10:11am
Quoting tim4kaye
How did you get 10 out of the G/U this morning? The most I saw positive was 2 or 3 pips before it shot up. Did you trade long or short this morning?
I use FXDD
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 48 KB
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #468
  • Sep 9, 2008 10:17am Sep 9, 2008 10:17am
LOL. You're the one who doesn't understand it, which is pretty amazing considering you're the "guru" of this method. What do you not understand about the completion of 9 bars equaling 2 hours and 15 minutes?

Quoting CTGUY
Hopefully thehenryfam understands it now...thanks for sharing
Prices are never too high to begin buying or too low to begin selling.
  • #469
  • Sep 9, 2008 10:19am Sep 9, 2008 10:19am
Quoting thehenryfam
LOL. You're the one who doesn't understand it, which is pretty amazing considering you're the "guru" of this method. What do you not understand about the completion of 9 bars equaling 2 hours and 15 minutes?
It is a shame that your the only one here that doesn't get it. Either read the posts and learn about the times and stop debating or move onto a thread your welcomed at.

Don't post negatively on this thread.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #470
  • Sep 9, 2008 10:21am Sep 9, 2008 10:21am
Quoting mike4x
So am I the only person to get taken in south on cable and get stopped out?
Or did others find a reason not to take the trade again?
Mike4x.

Cable had 78 pips range there was no trade today.
please check first post.
member
  • #471
  • Sep 9, 2008 10:21am Sep 9, 2008 10:21am
Wanted to check to see if anyone knows if there is any validity to the explanation of this phenomenon as explained in post #81 of this thread.

See details below:

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.
  • #472
  • Sep 9, 2008 10:23am Sep 9, 2008 10:23am
Quoting bigdolph
Wanted to check to see if anyone knows if there is any validity to the explanation of this phenomenon as explained in post #81 of this thread.

See details below:

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.
Perfectly stated...Thanks Rick! The GBP/USD is the only pair I trade using my system.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #473
  • Sep 9, 2008 10:24am Sep 9, 2008 10:24am
Quoting CTGUY
I use FXDD

That is amazing...the same candle on IBFX has a low of 1.7570.
  • #474
  • Sep 9, 2008 10:29am Sep 9, 2008 10:29am
This is how I traded my GU:

Entry: 1.7639
TP1: 20 pips
TP2: 30 pips

I am pretty surprised no one has talked much about MM, this system is great, but with good MM, it is brilliant!

Regards,
Vip
  • #475
  • Sep 9, 2008 10:31am Sep 9, 2008 10:31am
Quoting tim4kaye
That is amazing...the same candle on IBFX has a low of 1.7570.
No two brokers have the same prices all the time. I visited a site once that showed several brokers prices at the same time. They would fluctuate between 3-5 pips at any given time. I wished I could recall what site that I visited.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #476
  • Sep 9, 2008 10:32am Sep 9, 2008 10:32am
Quoting guess121
This is how I traded my GU:

Entry: 1.7639
TP1: 20 pips
TP2: 30 pips

I am pretty surprised no one has talked much about MM, this system is great, but with good MM, it is brilliant!

Regards,
Vip
This would be an excellent topic discussion that we need.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #477
  • Sep 9, 2008 10:32am Sep 9, 2008 10:32am
CTGUY,
So just so I understand fully.
You did not go short on cable because the long term trend was slightly up or at least not decidedly down?

BTW, USDJPY worked again this morning
  • #478
  • Sep 9, 2008 10:35am Sep 9, 2008 10:35am
Quoting thehenryfam
LOL. You're the one who doesn't understand it, which is pretty amazing considering you're the "guru" of this method. What do you not understand about the completion of 9 bars equaling 2 hours and 15 minutes?

I think the problem lies at the start of the box, not where it ends. Are you using the New York Box Indi? If so compare it with CTGuy's last chart post.
  • #479
  • Sep 9, 2008 10:36am Sep 9, 2008 10:36am
Quoting tazmaan
CTGUY,
So just so I understand fully.
You did not go short on cable because the long term trend was slightly up or at least not decidedly down?

BTW, USDJPY worked again this morning
He did go short this morning...see his chart above.
  • #480
  • Sep 9, 2008 10:39am Sep 9, 2008 10:39am
Quoting tazmaan
CTGUY,
So just so I understand fully.
You did not go short on cable because the long term trend was slightly up or at least not decidedly down?

BTW, USDJPY worked again this morning
Great job on that USD/JPY my friend.

I took GBP/JPY as a short, the hourly chart was mixed but the 4 hour chart was looking south. I jumped in and when I noticed that the movement was s l o w... due to the upcoming news, I just grabbed my 10 pips and jumped out. I had a short meeting to attend. See above chart.

If I didn't have my other system that I am testing, I would explore the possibilities of using other currency pairs as most of the traders here do.

Again, congrats on the USD/JPY!
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
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