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

  • #1,361
  • Jun 29, 2009 8:59am Jun 29, 2009 8:59am
Entered at 1.4043.

Short trade....keeping my fingers crossed...
  • #1,362
  • Jun 29, 2009 9:19am Jun 29, 2009 9:19am
Bad news...

Lost the trade...

Its hard to keep your emotions out of a day like this...

Oh well...will be back next monday...see how that goes...
  • #1,363
  • Jun 29, 2009 9:53am Jun 29, 2009 9:53am
was the range not meant to be 1.4021+ 3= 1.4018 - 1.4073+3 = 1.4076
11.00am - 1.00 pm uk time


Quoting vampoet
[IMG]file:///C:/DOCUME%7E1/Dev/LOCALS%7E1/Temp/moz-screenshot.jpg[/IMG][IMG]file:///C:/DOCUME%7E1/Dev/LOCALS%7E1/Temp/moz-screenshot-1.jpg[/IMG]On my chart, I have the top line at 1.4074 for a buy and the bottom line 1.4043 for a sell.

Waiting for price to hit either line.

Account size: $usd300

Can afford to risk: 25% of $300 = $75

Pip range: (1.4074 - 1.4043)*10000 + 5 pips (spread)= 36 pips

Can afford to play: ($75 / 36) = $2 per pip (rounded off)

Right now at 9.25 pm singapore time or 9.25 am NY time, price is hanging at 1.4055....
"The person who knows that enough is enough, will always have enough". .
  • #1,364
  • Jun 29, 2009 2:20pm Jun 29, 2009 2:20pm
To everyone who practice this strategy: is today any different than other days or is it always like today? i followed the hole session and plotted my chart as instructed, price went all over the place as if the parameters recomended where bouncing bands, same in EUR/USD... i have no doubts about the time window since where i live its only 1 hr difference from NY
Attached Image (click to enlarge)
Click to Enlarge Name: chart2.gif Size: 37 KB
"Do or do not... there is no try" Master Yoda
  • #1,365
  • Jun 29, 2009 6:53pm Jun 29, 2009 6:53pm
Ranging market.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu_4h.gif Size: 19 KB
Click to Enlarge Name: gu_15m.gif Size: 19 KB
  • #1,366
  • Jun 29, 2009 7:28pm Jun 29, 2009 7:28pm
e u triggered long today at 1.4076 = gains
i can't see a short trade here or am i missing something

Quoting maq
was the range not meant to be 1.4021+ 3= 1.4018 - 1.4073+3 = 1.4076
11.00am - 1.00 pm uk time
"The person who knows that enough is enough, will always have enough". .
  • #1,367
  • Jun 30, 2009 11:59am Jun 30, 2009 11:59am
Whats the recommended SL for this strategy?I m currently using the SL at the high of the 9 candles(selling)vice versa....anyone using a fixed SL?
  • #1,368
  • Jun 30, 2009 12:50pm Jun 30, 2009 12:50pm
Quoting Bobcat2
Bob...Bob...Bob,

I would be ecstatic with +120 pips. today! Please share with us how you accomplished this feat. After all, I am a bit jealous! LOL

so am I, Bob
  • #1,369
  • Jul 1, 2009 6:41am Jul 1, 2009 6:41am
Quoting bulkbiz
First page....exactly the same, why want to change???But of course you need to apply BASIC technical analysis into it. If there is a strong support/resistance line above/below the break, of course I will not trade it. I assume this basic forex knowledge everybody should know.

Which indicator do u use for draw support and resistance lines? Do u draw it on 15 min time frame or higher?
  • #1,370
  • Jul 1, 2009 6:56am Jul 1, 2009 6:56am
This is my favorite strategy , you also can find it at asian market open... great pips!!
  • #1,371
  • Jul 1, 2009 3:27pm Jul 1, 2009 3:27pm
I found this system to be highly profitable (with just a little twist) since I have been testing since February... However Im still trying to deal with my problems of resisting the urge to enter the market, hesitating when the time is right, exiting the position too early, or too late...sometimes
i just miss the trade because I woke up too late.

Is someone using a robot or automated execution on trades ?
Im looking for a system that you could design how you can enter/exit exactly the way you want.. but im only finding a system that is already designed by others..
  • #1,372
  • Jul 1, 2009 3:42pm Jul 1, 2009 3:42pm
There are several robots. But the thing is, how do you trade this system?
  • #1,373
  • Jul 1, 2009 6:15pm Jul 1, 2009 6:15pm
I have been trying to code an MT4 EA for this strategy I have my own variations on it, like going 6am to 8am instead of the 7am to 9am, since I think you get more pips my way.

But i was hoping someone could help code an EA using the New York Box which I think was in this thread and make it enter trades and ext trades using the things including with the indicator.
Attached File(s)
File Type: mq4 NewYorkBox.mq4   18 KB | 633 downloads
  • #1,374
  • Jul 2, 2009 1:29am Jul 2, 2009 1:29am
Quoting gustav213
I have been trying to code an MT4 EA for this strategy I have my own variations on it, like going 6am to 8am instead of the 7am to 9am, since I think you get more pips my way.

But i was hoping someone could help code an EA using the New York Box which I think was in this thread and make it enter trades and ext trades using the things including with the indicator.
yes I was thinking about the same..could ve saved lot of time..
  • #1,375
  • Jul 2, 2009 3:43am Jul 2, 2009 3:43am
Quoting olie02
Which indicator do u use for draw support and resistance lines? Do u draw it on 15 min time frame or higher?
Use the indicator provided by TS.

But one thing will make you lost, during ranging market. Normally I check H4 chart to see the overall trend. If the trend is ranging like current GU, I will stay away.
  • #1,376
  • Jul 3, 2009 7:37am Jul 3, 2009 7:37am
http://img189.imageshack.us/img189/8158/ekranalnts2.png
  • #1,377
  • Jul 3, 2009 7:38am Jul 3, 2009 7:38am
http://img269.imageshack.us/img269/9393/ekranalnts5.png
  • #1,378
  • Jul 3, 2009 8:05am Jul 3, 2009 8:05am
which timezone is this? 6 - 8 am or the original 7 - 9 am?

thanks
meine augen sind die sterne
  • #1,379
  • Jul 3, 2009 9:59am Jul 3, 2009 9:59am
Quoting aserbfx
which timezone is this? 6 - 8 am or the original 7 - 9 am?

thanks
7-9AM...
  • #1,380
  • Jul 3, 2009 10:15am Jul 3, 2009 10:15am
Quoting rapidfx
7-9AM...
Hi Everyone, I have been observing this strategy for sometime now and i notice that I get better results using the 7-8am candles, also use it at 7-8pm. Please look back and tell me your thoughts.
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