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

  • #481
  • Sep 9, 2008 10:39am Sep 9, 2008 10:39am
Ah yes, sorry about that. Not sure how I missed his chart.


Edit: reworded, didn't read like I wanted it to
Using the MA's as the trend indicator as you suggested, what would be your observation on those in this case?
  • #482
  • Sep 9, 2008 10:42am Sep 9, 2008 10:42am
Look at GU now, did anyone take the other side of the trade - I did.

This is how I trade this method.

Entry Price - Few pips above the high/low of the box.
3% of Equity
SL = low/high or previous 15M bar.
TP1 (Half lot) = Entry+SL (so SL = 10 pips then TP1 will be 10+spread)
TP2 (Other half) = Entry+(SLx2) (so SL = 20 pips then TP2 will be 20+spread)

Hope this makes sense.

Regards,
vip
  • #483
  • Sep 9, 2008 10:44am Sep 9, 2008 10:44am
Yep did as well.
Also on a side note, notice the EurUsd pretty much mimicked the cable this morning as well.
  • #484
  • Sep 9, 2008 10:45am Sep 9, 2008 10:45am
Quoting tazmaan
Ah yes, sorry about that. Not sure how I missed his chart.


Edit: reworded, didn't read like I wanted it to
Using the MA's as the trend indicator as you suggested, what would be your observation on those in this case?
Good point...if you look at the 9:15 candle, the red EMA's were neither up or down at that point. Another indication that the trade may be slow. Keep in mind that the red EMA's are useless around news times. The yellow ones which are short term are the ones that we may need to watch during news.

What is your opinion?
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #485
  • Sep 9, 2008 10:46am Sep 9, 2008 10:46am
Quoting tim4kaye
That is amazing...the same candle on IBFX has a low of 1.7570.

Tim,


The low @ 12:45gmt was 175.61.... 19 pips below the low of the box. I use ODL (00:00 gmt = 8pm est.)

Hope this helps
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 19 KB
Unus pro omnibus, omnes pro uno
  • #486
  • Sep 9, 2008 10:47am Sep 9, 2008 10:47am
USDCAD and EURJPY, also worked for shorts this mornin
  • #487
  • Sep 9, 2008 10:48am Sep 9, 2008 10:48am
I hope that traders picked up those 20 pips on the long on GBP/USD. I didn't jump in. Running back and forth to the kitchen for a late breakfast.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #488
  • Sep 9, 2008 10:49am Sep 9, 2008 10:49am
CTGUY...

What is your MM on this system?

Would be great to hear.

Thanks,
Vip

Quoting CTGUY
I hope that traders picked up those 20 pips on the long on GBP/USD. I didn't jump in. Running back and forth to the kitchen for a late breakfast.
  • #489
  • Sep 9, 2008 10:51am Sep 9, 2008 10:51am
Quoting CTGUY
Good point...if you look at the 9:15 candle, the red EMA's were neither up or down at that point. Another indication that the trade may be slow. Keep in mind that the red EMA's are useless around news times. The yellow ones which are short term are the ones that we may need to watch during news.

What is your opinion?
Thanks for that info.
I am not sure I am qualified to have an opinion on that as of yet. At first glance it would seem to me, that it depends on what you are trying to get out of the trade? If looking for a short term scalp, the yellow seems it would make more sense. But if it's been ranging for hours and still hasn't broken out of the zone, then I'd think I'd take a look at the red as now I am looking for a longer term sign.
Take that opinion for what it's worth (really nothing), just probably how I'd look at it based on my style and emotion attached to trading.
  • #490
  • Sep 9, 2008 10:53am Sep 9, 2008 10:53am
Quoting moneda
Tim,


The low @ 12:45gmt was 175.61.... 19 pips below the low of the box. I use ODL (00:00 gmt = 8pm est.)

Hope this helps
Tim's low was 1.7570
My low was 1.7560 and
Yours was 1.7561

I wished brokers would get their act together and have the same prices.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #491
  • Sep 9, 2008 10:55am Sep 9, 2008 10:55am
So if im understanding this right, you are saying that nine 15 minute candles = 120 minutes (2 hours)?
Just focus on the pips. The rest is insignificant.
  • #492
  • Sep 9, 2008 10:56am Sep 9, 2008 10:56am
First of all, I am not using any indicators with this. No need to. You just draw the lines on your chart, and you're done. The author of this system draws a line on the 7AM and 9AM candles of his chart. The 7AM candle begins at 7:00AM. The 9AM candle ends at 9:14:59 AM. So the time in view is 2 hours and 15 minutes. People have had trouble grasping it because it was not explained well at the beginning of the thread, and it hasn't been explained well since, even by the author. The point is we're supposed to take the trades at 9:15, which is 9 candles or 2 hours and 15 minutes from the beginning of the "box". Hopefully everyone can see that.

Quoting tim4kaye
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.
Prices are never too high to begin buying or too low to begin selling.
  • #493
  • Sep 9, 2008 10:58am Sep 9, 2008 10:58am
Quoting guess121
CTGUY...

What is your MM on this system?

Would be great to hear.

Thanks,
Vip
I don't think that I qualify as one that can give mm recommendations. I had a good friend of mine make me up a spreadsheet using a 5% ratio since I have faith in this system and the system I am testing for another friend. 5% is way too high for traders here and I would recommend a 2-3% that is average for forex traders.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #494
  • Sep 9, 2008 10:59am Sep 9, 2008 10:59am
Quoting ayaz
So if im understanding this right, you are saying that nine 15 minute candles = 120 minutes (2 hours)?
To prevent confusion.. just use the time frame discussed. 07:00 to 09:00 am est.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #495
  • Sep 9, 2008 11:05am Sep 9, 2008 11:05am
Quoting thehenryfam
First of all, I am not using any indicators with this. No need to. You just draw the lines on your chart, and you're done. The author of this system draws a line on the 7AM and 9AM candles of his chart. The 7AM candle begins at 7:00AM. The 9AM candle ends at 9:14:59 AM. So the time in view is 2 hours and 15 minutes. People have had trouble grasping it because it was not explained well at the beginning of the thread, and it hasn't been explained well since, even by the author. The point is we're supposed to take the trades at 9:15, which is 9 candles or 2 hours and 15 minutes from the beginning of the "box". Hopefully everyone can see that.

I am not sure how many times that I have to point out to you that the candles are not 2 hours and 15 minutes in duration. Maybe it is the math or time keeping that is a problem for you.

Again, Pay Attention... the candles are nine in total... so far?
The candle times start at 07:00 and end at 09:14 and 59 seconds... not 9:15 which is the start of the next candle.

Please don't post here again... your asked to leave. We don't have time pointing out the obvious that everyone understands and you fail to do and feel like debating my system.

I just received a pm from him asking if I was 12 years old. If he posts again, he will be leaving us until admin investigates his deliberate negativity. We don't have time for childish behaviors.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #496
  • Sep 9, 2008 11:16am Sep 9, 2008 11:16am
Question... Can traders here post the other currency pairs that they have traded using this system. Consider posting the pairs that you feel works well during the 07:00 to 09:00 time frame.

This would be greatly appreciated.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #497
  • Sep 9, 2008 11:17am Sep 9, 2008 11:17am
Be honest. You contacted me via PM first and threatened to have me kicked off "your" thread if I was negative, i.e. asked any hard questions. That's why I responded as I did. Then you replied that you were going to have me suspended if I posted here again. Well, here you go. I'm posting.

I've just been trying to help some of the people understand the timing of these trades. You state I am the only confused one, but if you read back through the entire thread, you will find a large number of traders who have questioned the exact times of the method. I finally figured it out on my own by looking closely at where you placed the lines on your chart.

It's amazing. You admit below that the candle times are from 7 to 9:14:59. Yet do you not see that this is 2 hour and 15 minutes? If not, I give up.

Quoting CTGUY
I am not sure how many times that I have to point out to you that the candles are not 2 hours and 15 minutes in duration. Maybe it is the math or time keeping that is a problem for you.

Again, Pay Attention... the candles are nine in total... so far?
The candle times start at 07:00 and end at 09:14 and 59 seconds... not 9:15 which is the start of the next candle.

Please don't post here again... your asked to leave. We don't have time pointing out the obvious that everyone understands and you fail to do and feel like debating my system.

I just received a pm from him asking if I was 12 years old. If he posts again, he will be leaving us until admin investigates his deliberate negativity. We don't have time for childish behaviors.
Prices are never too high to begin buying or too low to begin selling.
  • #498
  • Sep 9, 2008 11:19am Sep 9, 2008 11:19am
Quoting CTGUY
To prevent confusion.. just use the time frame discussed. 07:00 to 09:00 am est.
So instead of answering my question, and potentially helping everyone understand this issue, the best you can do is just tell me to do as you say? Wouldn't it be more constructive to further peoples understanding and explain it to us? Its obvious that there is more than just one confused person that would like this to be explained.

Lets look at it another way. The candle PRIOR to 7am candle ends at 6:59:59, and our nine candles end at 9:14:59. how many minutes are there between the close of the 6:45 candle and the close of the 9am candle? I would really like a clear understanding of how nine 15 minute candles equal to 120 minutes.

Thank you for your help CTGUY
Just focus on the pips. The rest is insignificant.
  • #499
  • Edited 11:49am Sep 9, 2008 11:20am | Edited 11:49am
Quoting thehenryfam
Be honest. You contacted me via PM first and threatened to have me kicked off "your" thread if I was negative, i.e. asked any hard questions. That's why I responded as I did. Then you replied that you were going to have me suspended if I posted here again. Well, here you go. I'm posting.

I've just been trying to help some of the people understand the timing of these trades. You state I am the only confused one, but if you read back through the entire thread, you will find a large number of traders who have questioned the exact times of the method. I finally figured it out on my own by looking closely at where you placed the lines on your chart.

It's amazing. You admit below that the candle times are from 7 to 9:14:59. Yet do you not see that this is 2 hour and 15 minutes? If not, I give up.
You were warned.. bye!

This is an excellent thread and is very popular and profitable. It is unfortunate that we have one person that wants to attack the thread. He was asked to lose the negative attitude and I received a few negative pm's. I told him that if he returned and attacked this thread again I would suspend him. He returned after warning and dared me to do so. Hopefully this person will not return.

Sorry for the disruption caused by the negative poster. This forum is for sharing my system with those that want to make serious money, this is not a daycare.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #500
  • Sep 9, 2008 11:27am Sep 9, 2008 11:27am
I agree that I was confused as well, and actually had my nybox set to 1400 to 1615. I saw CT's chart and that he has it set to 1400 to 1600 so changed mine.
Not sure what all the drama is about however. It REALLY doesn't matter that much. If you look back over charts for the last month, whether you had it at 1600 or 1615, really would have made no difference. Not in the grand scheme of things anyhow.
It's a box system, these nitpick points really make no difference in the overall performance IMHO
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