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

  • #1,301
  • Jun 1, 2009 5:54am Jun 1, 2009 5:54am
Yo guys any1 have this issue?
HEDGING PROBHITED
  • #1,302
  • Jun 1, 2009 3:29pm Jun 1, 2009 3:29pm
i dont.my broker is gft. but if it is prohibited i want it.....
  • #1,303
  • Jun 1, 2009 5:30pm Jun 1, 2009 5:30pm
Quoting Ricx
Yo guys any1 have this issue?
HEDGING PROBHITED

IBFX prohibited hedging. I think it has to do with a law that was passed.

IBFX quote:
Recently the NFA issued new regulations prohibiting traders from hedging (having long and short positions open on the same currency pair at the same time). We realize that said regulatory changes will affect the trading style of many customers.
  • #1,304
  • Jun 3, 2009 4:24pm Jun 3, 2009 4:24pm
Quoting Skin
IBFX prohibited hedging. I think it has to do with a law that was passed.

IBFX quote:
Recently the NFA issued new regulations prohibiting traders from hedging (having long and short positions open on the same currency pair at the same time). We realize that said regulatory changes will affect the trading style of many customers.
Any way to get around this other than using a different broker? What are you guys who use ibfx and this strategy doing? IE, how do you determine whether to place a buy or sell stop?
  • #1,305
  • Jun 4, 2009 6:21am Jun 4, 2009 6:21am
Quoting lolpie
Any way to get around this other than using a different broker? What are you guys who use ibfx and this strategy doing? IE, how do you determine whether to place a buy or sell stop?

IBFX recommends opening another account. One for longs and one for shorts. However I look at the 4hr and Daily charts for the longer term trend. Right now I'm trading all longs with a higher lot size. But be careful I think we might be near the top.

I'm still new at this so look for yourself. Hope this helps.
  • #1,306
  • Jun 4, 2009 6:27am Jun 4, 2009 6:27am
Quoting Skin
IBFX recommends opening another account. One for longs and one for shorts.
Those of us with Oanda as a broker have been living without hedging all along and doing just what you said. Oanda allows you to easily create sub-accounts and move money among them instantaneously. That's how I've traded hedging strategies in the past.
You are in a maze of twisty little passages, all alike.
  • #1,307
  • Jun 10, 2009 9:00am Jun 10, 2009 9:00am
Hey thanks a lot to everyone I started using this method this past week and it has paid off. I did a couple of variations to it like adding a QQE indicator with a level of 50 and then a CCI plus some moving averages this just helps me confirm the entry and exit points better. But I do not see a reason why anyone couldnt make an easy 30 to 50 pips a day using this. Its as simple as its gonna get for trading. Just use good money management and you should be good.

Agian thanks to all in this thread
  • #1,308
  • Jun 10, 2009 11:18am Jun 10, 2009 11:18am
Quoting gustav213
Hey thanks a lot to everyone I started using this method this past week and it has paid off. I did a couple of variations to it like adding a QQE indicator with a level of 50 and then a CCI plus some moving averages this just helps me confirm the entry and exit points better. But I do not see a reason why anyone couldnt make an easy 30 to 50 pips a day using this. Its as simple as its gonna get for trading. Just use good money management and you should be good.

Agian thanks to all in this thread
HI,
Gustav, could you please specify the rules you've added?

Best,
janek
  • #1,309
  • Jun 11, 2009 6:28am Jun 11, 2009 6:28am
can u share with us how u can uoed indector with 7-9 systems
  • #1,310
  • Jun 11, 2009 3:15pm Jun 11, 2009 3:15pm
I did this method before seing this threads and i have a point to work on the money management cause the SL is too far if you put in and the opposite signal. my second question wll be on the TP when exit i do it on psycho level but the thing i take like 40% of the potential of the trade.
  • #1,311
  • Jun 11, 2009 10:21pm Jun 11, 2009 10:21pm
Quoting bizard
i did this method before seing this threads and i have a point to work on the money management cause the sl is too far if you put in and the opposite signal. My second question wll be on the tp when exit i do it on psycho level but the thing i take like 40% of the potential of the trade.
it does not matter how far the sl in ,u have to adjust your pip value ----ex:if your risk is 10% or what ever divide it by your stoploss that will give u your pip value
  • #1,312
  • Jun 12, 2009 12:33pm Jun 12, 2009 12:33pm
but guys we still have problem about enter and exit
when we be sure to enter and when we sure we exit
  • #1,313
  • Jun 13, 2009 9:33am Jun 13, 2009 9:33am
Well pretty much just put the two horizontal lines and vertical lines I put mine at 1100 GMT and 1300 GMT. Then if it goes down sell goes up you buy.

For exit I normally just have a CCI with value of 63 and look at that for exit signals. The moving averages are kind of lagging when it comes for exit signals so I would stick to the CCI.

Also I normally am out before the prices reverses, by just putting a 15 pip trailing stop and normally exit by the time I hit 70 to 100 pips. After that I normally satisfied with my win and don't want to be greed and stay in.

This method has been amazing profitable this week, so it works
  • #1,314
  • Jun 13, 2009 9:35am Jun 13, 2009 9:35am
Quoting senda88
but guys we still have problem about enter and exit
when we be sure to enter and when we sure we exit

Normally if you do what I did in my previous post to this and the lines are at 1100 and 1300 GMT you can put the buy and sell maybe 2 or 4 pips below the line to be safe but from Monday to Thursday I have not seen an issue also for the safe side maybe let the first candle to hit pass and enter on the second candle might loss some pips but on the safer side.
  • #1,315
  • Jun 13, 2009 5:53pm Jun 13, 2009 5:53pm
Quoting gustav213
Normally if you do what I did in my previous post to this and the lines are at 1100 and 1300 GMT .
why do you use 1100 to 1300 i thought it was one hour before wall street open and one hour after so wall st opens at 1430 uk time so would it not be 1330-1530 where we draw the lines can someone please clarify this confusion for me

thanks
"The person who knows that enough is enough, will always have enough". .
  • #1,316
  • Jun 13, 2009 7:11pm Jun 13, 2009 7:11pm
Well I do 1100 and 1300 GMT that means its global time not UK or US time.

And New York right now is minus 4 hours from GMT meaning 1100 is 7am New York time in the winter after daylight savings it turns into 5 hours.
  • #1,317
  • Jun 14, 2009 5:36am Jun 14, 2009 5:36am
what u say is so good real ,what i undrstand is if CCI 63 i exit but what moving averages what i do by it and what Settings u uoed in moving average
thankx
  • #1,318
  • Jun 14, 2009 2:26pm Jun 14, 2009 2:26pm
Quoting senda88
what u say is so good real ,what i undrstand is if CCI 63 i exit but what moving averages what i do by it and what Settings u uoed in moving average
thankx

I use a nice hybrid EMA I picked up a while back I use exponential moving averages of 5, 13, 26, 62

They provide a nice picture of what should be done. the first 2 or 3 provide short therm looks and then the last one the big 62 will say this is staying in for the long run.

This is also a good way to show the daily trend after the initial breakout is done.
  • #1,319
  • Jun 25, 2009 12:55am Jun 25, 2009 12:55am
Quoting gustav213
Well pretty much just put the two horizontal lines and vertical lines I put mine at 1100 GMT and 1300 GMT. Then if it goes down sell goes up you buy.

For exit I normally just have a CCI with value of 63 and look at that for exit signals. The moving averages are kind of lagging when it comes for exit signals so I would stick to the CCI.

Also I normally am out before the prices reverses, by just putting a 15 pip trailing stop and normally exit by the time I hit 70 to 100 pips. After that I normally satisfied with my win and don't want to be greed...
gustav,thanks for sharing ur system..but I still dont understand how can u take 100,75 pips constantly by putting a 15pip trailing stop..I always saw these kind of stops stopped out very soon..could u explain this?
  • #1,320
  • Jun 25, 2009 2:28am Jun 25, 2009 2:28am
i have been using this system for awhile, and it works great. I had to adjust the rules a little. I trade only euro because of the spread value. Anyways, here's what I adjusted. I gather info from 08:00am - 10:00am EST, instead of the 07:00am - 09:00am. then at 10:05 i draw the high and low and 10 pips away from that is my entry. From the high to low divided by half is my stop loss. and also that's how many pips I set my limit. Example:

1.4010 buy entry limit is 1.4035
1.4000 - high


1.3975 stop



1.3950 - low
1.3940 sell entry limit is 1.3915




I have a ratio of 82 win trades out of 100 trades.

hope this helps some of the people that ask what's the entry and exit points.
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