Sold at 1.4907 with a 15 pip trailing stoploss. Price then hit 1.4886 and went up to 1.4901 where I was stopped out. Profit of 6 pips minus spread.
7am-9am Big Dog USD Breakout Strategy
- #1,064
- Dec 14, 2008 9:17am Dec 14, 2008 9:17am
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
Hi CTGUY
I’m always lurking in here cause it’s an interesting strategy.
It would be a big loss if you close it.
You have all the rights to have respect and traders following the rules in your thread.
One tip:
If you have someone that posts off topic you can avoid that he keeps posting in your thread.
Go to thread Options and set up: Block members on my ignore list from posting in this thread.
The rest you know.
Attending a thread is non paid hard work and it makes no sense that you get headache because of some immature kids.
I didn’t have the need to use this option in my thread till now but it’s good to know that it exists.
Keep on the good work.
I’m always lurking in here cause it’s an interesting strategy.
It would be a big loss if you close it.
You have all the rights to have respect and traders following the rules in your thread.
One tip:
If you have someone that posts off topic you can avoid that he keeps posting in your thread.
Go to thread Options and set up: Block members on my ignore list from posting in this thread.
The rest you know.
Attending a thread is non paid hard work and it makes no sense that you get headache because of some immature kids.
I didn’t have the need to use this option in my thread till now but it’s good to know that it exists.
Keep on the good work.
- #1,066
- Dec 14, 2008 12:47pm Dec 14, 2008 12:47pm
Dear Professional Forex Trader CTGUY
Show me the Distance between the high and low is less than 50-60 pips in that days !!!!
may be it is quite opposite, there is no range of 60 pips now, so how can we make profits with this systems to cut small lossess!!
may be people make money by another systems? who really foolows the system's rules nowadays? it seems to be impossible!
which stop loss should placed?
This system never work, CTGUY dont use it. He use a diferent system every week. He broke a demo every day!
- #1,068
- Dec 14, 2008 7:06pm Dec 14, 2008 7:06pm
It's True , this system is so easy....
for all of you who dont like this system or dont agree with the thread leaders, its simple, DONT USE IT, AND GO SOMEWHERE ELSE. There are people trying to learn here. 80% of the traders agree when the rules are followed this system makes money, if you are too ignorant to learn the rules and how to apply them, maybe forex isnt for you.
What does not kill me makes me stronger. Friedrich Nietzsche,
- #1,069
- Dec 15, 2008 1:08am Dec 15, 2008 1:08am
- Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts
Dear Professional Forex Trader CTGUY
Show me the Distance between the high and low is less than 50-60 pips in that days !!!!
may be it is quite opposite, there is no range of 60 pips now, so how can we make profits with this systems to cut small lossess!!
may be people make money by another systems? who really foolows the system's rules nowadays? it seems to be impossible!
which stop loss should placed?
http://www.forexfactory.com/showpost...&postcount=784
Where you place your stop loss is a personal choice, but it should be for an amount that you can afford to lose, based on your account size.
http://www.forexfactory.com/showpost...&postcount=785
P.S. - CTGUY will not be back, so his hecklers can feel free to move along. This thread is not being closed. Let's get back to making pips, and helping other traders learn.
Inserted Video
hey Pips Cruiser,
As I understant, you actualy trade the system. I have only 2 trades using this system, both on demo and both on green
I used 20 pip SL and 15 pip TP. In the future i want to have 2 TP, first on 10 pips 50% of my possition and second, let it run with 15 pip trailing SL.
Can you share your MM with us ?
Regards Necre.
PS. In regard to CTGUY, all I can say is that i regret that he doesn`t want to help us enymore... Also, I don`t see why he was so ofended!
As I understant, you actualy trade the system. I have only 2 trades using this system, both on demo and both on green
I used 20 pip SL and 15 pip TP. In the future i want to have 2 TP, first on 10 pips 50% of my possition and second, let it run with 15 pip trailing SL.
Can you share your MM with us ?
Regards Necre.
PS. In regard to CTGUY, all I can say is that i regret that he doesn`t want to help us enymore... Also, I don`t see why he was so ofended!
- #1,073
- Dec 17, 2008 11:20am Dec 17, 2008 11:20am
- Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts
Hy traders,
Another 12 green pips yesterday.
All best,
Necre
Each day had a different "flavor" to it. Monday's breakout was a new daily high that happened just shortly after 9AM EST. This is my favorite type, since you don't have to wait around very long. The fact that it was also a breakout of the daily high gave it additional strength. Tuesday's breakout was also a new daily high, and the pip total was also very respectable. But it didn't happen until later in the day, so it wasn't as convenient for traders as Monday's.
Today's breakout was not a new daily high or low. Price was in the middle of a retrace at the time, from the Asian / London move down. It completed a 61.8% retrace, and a couple candle wicks moved even higher. Then price came back down. I got into the trade 25 pips before the 50% retrace level, and took profit there. It looks like I could have aimed for the 61.8, and might go for that the next time this scenario shows up. But at the same time, a strategy of 25 TP and 25 SL seems to work most of the time, so it makes sense as well.
I like your idea of 2 TP levels when the breakout creates a new daily high or low, like it did on Monday and Tuesday. When the 7AM - 9AM EST breakout happens inside the daily range (like today), I'm less excited about the idea. But obviously it could still work. Especially if you're able to lock in profit from the first level.
- #1,074
- Dec 18, 2008 11:23am Dec 18, 2008 11:23am
- Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts
- #1,076
- Edited 3:36pm Dec 18, 2008 1:48pm | Edited 3:36pm
- Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts
The thread says 7-9am EST and 14:00 - 16:00 GMT.
7-9am EST = 12:00 - 14:00 GMT
So my question is. Is it 1200 - 1400 GMT or 1400 - 1600 GMT??
07:00 - 09:00 EST = 12:00 - 14:00 GMT
However, while the U.S. is on daylight savings time, the conversion will be:
07:00 - 09:00 EDT = 11:00 – 13:00 GMT
The time range begins one hour before NY session start time, and ends one hour after NY session start time. Since NY starts at 8AM ET, another way of looking at things is the time range is 07:00 – 09:00 ET regardless of whether daylight savings time or standard time is being used, and regardless of what the GMT time is. That keeps the rule as simple as possible.
Then after 9AM ET, if price moves beyond the 7 - 9 ET range, it's considered a trade signal. TP and SL are discretional. For that matter, whether you actually take the trade or not is discretional. There might be something going on that you don't like, such as price moving counter to the trend. Or price might be bouncing up and down on the chart so much that it's not safe to enter. Big dogs can be smart dogs too.
For those who like to be creative, there's nothing wrong with experimenting around. Using pairs beside G/U, changing the range time, or always going for low risk intraday trades of 100+ pips are all possibilities. But keep in mind that you are experimenting, and don't put the Big Dog strategy in the "dog house" because of it.
- #1,077
- Edited 6:38pm Dec 18, 2008 2:36pm | Edited 6:38pm
- Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts
- #1,079
- Dec 19, 2008 11:40am Dec 19, 2008 11:40am
- Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts
- #1,080
- Dec 19, 2008 11:55am Dec 19, 2008 11:55am
- Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts
