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

  • #1,001
  • Dec 8, 2008 7:34pm Dec 8, 2008 7:34pm
Quoting dkv023
Why ???
I don't know where the original instructions are from CTGUy, but he aims to get about 10 pips with a 20 pip stop loss, sometimes he shoots for more pips. The idea here is that a lot of these first breakouts are fake, but they're good for at least 10 pips most of the time and SL should be tight if you're aiming for 10 pips. Also it's the the number of pips that make money, but the size of the lot and consistancy, you might make 10 pips more consitantly, especially on the first breakout, than 50 or 60 or whatever you were aiming for.
It's NOT GAMBLING when the odds are in your favor
  • #1,002
  • Dec 8, 2008 8:14pm Dec 8, 2008 8:14pm
I think he also said don't trade if the box is too big, only if it's less than 60 pips, today the box was about 100. About 2 months ago, the daily range was a lot more, but latley the daily range is a lot less so this rule should probably be taken into consideration
It's NOT GAMBLING when the odds are in your favor
  • #1,003
  • Dec 8, 2008 9:31pm Dec 8, 2008 9:31pm
yes
  • #1,004
  • Dec 9, 2008 6:42am Dec 9, 2008 6:42am
Quoting dkv023
today i have loss -50p by GBP/USD is is my second losses by this system. I i am gettting nerves
When you post, state if your trading manual or using the EA. If you have a 50 pip loss, your not following the rules and when you post, your making the system look bad when it is your fault your in a loss. Read the rules.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #1,005
  • Dec 9, 2008 8:51am Dec 9, 2008 8:51am
i think this strategy didnt work in this months because the box did not have 50-60p range but have more then 100p so if we place stop 150p and first profit 75p this is will not work
  • #1,006
  • Dec 9, 2008 9:40am Dec 9, 2008 9:40am
Quoting altezza.cl
but the stop loss is too big for 10 pip tp
When you make a posting, consider doing what everyone is doing and quote the post your refering to in the future on this thread.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #1,007
  • Dec 9, 2008 9:47am Dec 9, 2008 9:47am
Quoting altezza.cl
all my trades was bad today, stoped 15 sl.
With a 50 sl all in profit but is too big for 15 pip tp
I am not sure why your making these continuous mistakes. Please read the rules of this system. There is only ONE CURRENCY PAIR. no one told you to have a 50 s/l. When you make errors as you do, please don't post your losses since your making up your own rules for this system.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #1,008
  • Dec 9, 2008 9:48am Dec 9, 2008 9:48am
Quoting altezza.cl
Hello,
Why the blue and red box never stop on the chart, can i set a limit like 7 hours¿?

Sorry my english is bad.
thanks a lot.
Again, what system are you trading? We can't do the research to help us if you continue to give us incomplete information.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #1,009
  • Dec 9, 2008 8:37pm Dec 9, 2008 8:37pm
Quoting CTGUY
Many breakout systems are shown on this site. I tried several before using this one. I would like to use it on the asian and london markets if I could.
Hi CTGUY:
First off thanks for all you have contributed here, it is much appreciated. In regards to the above post, do you still want to use it on the London session and if you do, do you have a recommendation for the time of the box for London? Thanks again for your help.

Jim
  • #1,010
  • Dec 9, 2008 10:32pm Dec 9, 2008 10:32pm
Quoting bigjim1958
Hi CTGUY:
First off thanks for all you have contributed here, it is much appreciated. In regards to the above post, do you still want to use it on the London session and if you do, do you have a recommendation for the time of the box for London? Thanks again for your help.

Jim
I believe London Box should be 14:00-16:00 ET. However trading the NY box over the London box is preferred (since there is more volume)
  • #1,011
  • Dec 10, 2008 2:54am Dec 10, 2008 2:54am
Dear Thread,

I read through the whole thread a while back and am now reacquainting myself with it. Can someone direct me to
a summary post of the rules? As well, can someone contrast this method with that of Nomoretoxic's?

Thanks so much,

Lenoxer
  • #1,012
  • Dec 10, 2008 5:36am Dec 10, 2008 5:36am
rules of that system did not work in this year, because it was few month that have box in 100-170p , box with 60p is absent now in this few month. I say about GBP/USD.
  • #1,013
  • Dec 10, 2008 10:36am Dec 10, 2008 10:36am
Hi Guys What times do you do the Breakout, because I am in Toronto Canada and the title says 7am-9.00am then in the rules its 14.00-16.00 which here its 9.00am-11.00am Eastern So what would it be? Thanks
My Email For Help: [email protected]
  • #1,014
  • Dec 10, 2008 12:27pm Dec 10, 2008 12:27pm
CTGUY,

I've been experimenting with various SL settings to use with this system. I know that you've said throughout this thread that each trader must work out his own SL, and I agree. But could you please describe the SL strategy YOU personally use? I'm sure it would help many of us see how you actually trade the system.
  • #1,015
  • Dec 10, 2008 12:30pm Dec 10, 2008 12:30pm
Quoting tcmm
Hi Guys What times do you do the Breakout, because I am in Toronto Canada and the title says 7am-9.00am then in the rules its 14.00-16.00 which here its 9.00am-11.00am Eastern So what would it be? Thanks
ANYONE CAN ANSWER
My Email For Help: [email protected]
  • #1,016
  • Dec 10, 2008 12:39pm Dec 10, 2008 12:39pm
Quoting tcmm
ANYONE CAN ANSWER
I believe that it's 12:00 - 14:00 GMT time. That would be 7 am - 9 am Eastern time.
  • #1,017
  • Dec 10, 2008 12:43pm Dec 10, 2008 12:43pm
Quoting pipsalot
CTGUY,

I've been experimenting with various SL settings to use with this system. I know that you've said throughout this thread that each trader must work out his own SL, and I agree. But could you please describe the SL strategy YOU personally use? I'm sure it would help many of us see how you actually trade the system.
This guy dont have a SL strategy. That is the reason of " each trader must work out his own SL" . He lost every trade.
  • #1,018
  • Dec 10, 2008 1:42pm Dec 10, 2008 1:42pm
Quoting Eureka
I believe that it's 12:00 - 14:00 GMT time. That would be 7 am - 9 am Eastern time.
Thats going through US News Releases at 12:30 usually is that ok.
My Email For Help: [email protected]
  • #1,019
  • Dec 10, 2008 1:45pm Dec 10, 2008 1:45pm
You don't put the orders in until the 14:00 bar has closed. So the news should be over by then. Or most of it. If there's still some upcoming big news, I probably wouldn't trade. Like NFP for example.

Hope this helps. If I'm wrong on this, someone feel free to correct me.
  • #1,020
  • Edited 4:07pm Dec 10, 2008 3:36pm | Edited 4:07pm
Quoting altezza.cl
This guy dont have a SL strategy. That is the reason of " each trader must work out his own SL" . He lost every trade.
You have absolutely no idea if Pipsalot has lost all of his trades. Don't make stupid assumptions on this thread. In my opinion, pipsalot can teach you a lot in reference to the forex and with english composition. Some traders don't have a clue... perfect example.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
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