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

  • #941
  • Dec 3, 2008 3:07pm Dec 3, 2008 3:07pm
Quoting Fx_Pipin
Ok here we go for another try SL 57 pips TP 57 pip.
Long entry has been hit.
57 Pips made on EUR/USD

Waiting on GBP/USD to close.
  • #942
  • Dec 3, 2008 4:32pm Dec 3, 2008 4:32pm
Quoting tsimic6
Yes my friend your right.
It seems that many traders on this forum don't know what are the exact trading hours due to change of daylight savings time.

To clarify these problem, i think everyone should calculate his own time regard to GMT time, not New York or London.
During summer time London is not on GMT but GMT +1
The rest of the Europe during summer time is GMT +2
DST in EUROPE start at 29 of March and ends 25 of October (for 2009)
DST in USA start 08 of March and ends 01 of November (for 2009)

Right now New York is GMT -5, so proper time...
I would be very glad if u could spell out my time:

Am in Nigeria and our time is GMT+1
what time would london setting be like?
what time would NY setting be like?
What time would the Europe setting be like?
What time would the Asia setting be like?


Thanks in anticipation that u would help me out on this...

Ayour2a
  • #943
  • Dec 4, 2008 2:45am Dec 4, 2008 2:45am
Greeting from the London session,

This ORB system is alive and well over here. Another excellent day using this system. I can already call it a day till the N.Y. open takes place. However, I'm kind of kicking myself. I got out way to soon. I didn't let the move fully develop. Has any one on this thread tested a time based exit. It seems that the meat of the move tends to happen in about twenty minutes from the breakout point. Maybe its a good idea to refrain from exiting until a time parameter takes place.
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  • #944
  • Dec 4, 2008 5:10am Dec 4, 2008 5:10am
Quoting Guerrillawar
Greeting from the London session,

This ORB system is alive and well over here. Another excellent day using this system. I can already call it a day till the N.Y. open takes place. However, I'm kind of kicking myself. I got out way to soon. I didn't let the move fully develop. Has any one on this thread tested a time based exit. It seems that the meat of the move tends to happen in about twenty minutes from the breakout point. Maybe its a good idea to refrain from exiting until a time parameter takes place.
Hi Guerrillawar,
what time settings do u have for the london session?
I have 2-4 ET (7-9GMT) and during this period i didnt have any trade/breakthrough?
kind regards
kojak
  • #945
  • Dec 4, 2008 5:27am Dec 4, 2008 5:27am
What time do we use for the London session?

Thanks
  • #946
  • Dec 4, 2008 6:15am Dec 4, 2008 6:15am
Quoting Guerrillawar
Also euro and aussie have a different set-up that my line up with 0700-0900 ORB. Yesterdays high give or take this recent fake-out.Does this mean keep the system on?
Your not trading the Big Dog System? Rules are that the Big Dog System is traded with the GBP/USD pair. If you use any other pairs, your using your own system my friend.

Keep up the good work..and many pips
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #947
  • Dec 4, 2008 6:18am Dec 4, 2008 6:18am
Quoting Surfboard1
What time do we use for the London session?

Thanks
hi guys,

I'm trying not to confuse my self or anyone else. I'm using only one time zone. I'm using New York time. The London opening range for me is 1am-3am NY time. For a total of eight, fifteen minute bars. I will take breakouts out of that range as soon as 3:01 if it takes place.
  • #948
  • Dec 4, 2008 6:18am Dec 4, 2008 6:18am
Quoting Bobcat2
CTGUY,

Your system delivered 20 pips for me during the London market, and another 35 pips with the New York market. Breakout/straddle systems have been the only strategies that have consistently made me profits over the past 3 years. This may be the best, yet!

Thank you for sharing!
Your more than welcome my friend
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #949
  • Dec 4, 2008 6:20am Dec 4, 2008 6:20am
Quoting CTGUY
Your not trading the Big Dog System? Rules are that the Big Dog System is traded with the GBP/USD pair. If you use any other pairs, your using your own system my friend.

Keep up the good work..and many pips
Would you like me to stop posting here? Since I'm using an ORB system rather than the Big Dog system?
  • #950
  • Dec 4, 2008 6:22am Dec 4, 2008 6:22am
Quoting dkv023
who workes with this system more than 2-3 month? What is results?
Results are great.... trade it and find out.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #951
  • Dec 4, 2008 6:28am Dec 4, 2008 6:28am
Quoting Guerrillawar
Dear CTGUY,

First I want to thank you for this thread and your contributions on it. Its quite clear your a pretty sharp trader so its nice to here your take on this method.

I think the main reason that so many people like this method is because its simplicity. The reason they are having success is not so much the system its more so they finally found something they can apply consistently. On that note I don't want to damage this thread and make it more complicated.

However, there are some advanced traders on here that may like to fully implement...
Hey there... thanks for your great imput my friend. I am not familiar with Mark Fishers ACD method. Try the ACD method and see if you can come up with a way to improve on the Big Dog my friend.

Good Luck!
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #952
  • Dec 4, 2008 6:29am Dec 4, 2008 6:29am
Quoting ayour2a
I would be very glad if u could spell out my time:

Am in Nigeria and our time is GMT+1
what time would london setting be like?
what time would NY setting be like?
What time would the Europe setting be like?
What time would the Asia setting be like?


Thanks in anticipation that u would help me out on this...

Ayour2a
You are mine time zone (Europe).

Please visit
http://www.worldtimezone.com/

Cheers
Gutenberg money printing machine
  • #953
  • Dec 4, 2008 6:31am Dec 4, 2008 6:31am
Quoting ayour2a
I would be very glad if u could spell out my time:

Am in Nigeria and our time is GMT+1
what time would london setting be like?
what time would NY setting be like?
What time would the Europe setting be like?
What time would the Asia setting be like?


Thanks in anticipation that u would help me out on this...

Ayour2a
You are mine time zone (Europe).

Please visit
http://www.worldtimezone.com/
http://www.worldtimezone.com/daylight.html


Cheers
Gutenberg money printing machine
  • #954
  • Dec 4, 2008 6:34am Dec 4, 2008 6:34am
Quoting Fx_Pipin
Has anyone tested this method during the NFP event ?

I wonder if this method can be profitable during the NFP...
It is up to you if you want to trade it during the NFP. I strongly recommend that you DON'T. The NFP only give you a 50//50 crap shoot. As posted several times in this thread, I NEVER TRADE on NFP day. This system (along with my others) gives me the opportunity to make enough pips where I can make the NFP a three day weekend for me.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #955
  • Dec 4, 2008 6:37am Dec 4, 2008 6:37am
Quoting Guerrillawar
Would you like me to stop posting here? Since I'm using an ORB system rather than the Big Dog system?
Continue posting but keep in mind that the system was only designed for one pair only. When you state that your trading the system using other pairs, you should know that your trading a system that is other than the Big Dog system.

When you mention your system on here, please mention the name of your system so that you don't confuse the traders that may assume otherwise.

Sorry for the confusion..this was my fault.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #956
  • Dec 4, 2008 6:46am Dec 4, 2008 6:46am
Quoting CTGUY
Continue posting but keep in mind that the system was only designed for one pair only. When you state that your trading the system using other pairs, you should know that your trading a system that is other than the Big Dog system.

When you mention your system on here, please mention the name of your system so that you don't confuse the traders that may assume otherwise.

Sorry for the confusion..this was my fault.
Okay thanks, I will just call mine the O.R.B. system. So for all readers of this thread I'm using a variation of the big dog but not the actual big dog.

Mark Fischer wrote a book called the Logical Trader. Its basically an ORB method with a few bells and whistles. Its a fun read and he's no amateur trader like most authors he was a big shot on the NYMEX. I think the book is worth reading for readers of this thread. Also you guys may want to read Tony Crabels book.
  • #957
  • Dec 4, 2008 6:55am Dec 4, 2008 6:55am
Quoting Guerrillawar
Okay thanks, I will just call mine the O.R.B. system. So for all readers of this thread I'm using a variation of the big dog but not the actual big dog.

Mark Fischer wrote a book called the Logical Trader. Its basically an ORB method with a few bells and whistles. Its a fun read and he's no amateur trader like most authors he was a big shot on the NYMEX. I think the book is worth reading for readers of this thread. Also you guys may want to read Tony Crabels book.
so the O.R.B system uses 1-3 eastern time for the london session?
and 7-9 eastern time for the ny session?
kojak
  • #958
  • Dec 4, 2008 7:04am Dec 4, 2008 7:04am
Quoting kojak
so the O.R.B system uses 1-3 eastern time for the london session?
and 7-9 eastern time for the ny session?
kojak
thats correct so for london. a possible trigger can take place at 3:01
for New York a possible trigger can take place at 9:01
  • #959
  • Dec 4, 2008 7:06am Dec 4, 2008 7:06am
Quoting Guerrillawar
thats correct so for london. a possible trigger can take place at 3:01
for New York a possible trigger can take place at 9:01
tx
  • #960
  • Dec 4, 2008 7:26am Dec 4, 2008 7:26am
Quoting Guerrillawar
Okay thanks, I will just call mine the O.R.B. system. So for all readers of this thread I'm using a variation of the big dog but not the actual big dog.

Mark Fischer wrote a book called the Logical Trader. Its basically an ORB method with a few bells and whistles. Its a fun read and he's no amateur trader like most authors he was a big shot on the NYMEX. I think the book is worth reading for readers of this thread. Also you guys may want to read Tony Crabels book.
This looks great... can you go into more detail how you trade this system my friend?

Thanks immensely!
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
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