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7am-9am Big Dog USD Breakout Strategy

  • #1,461
  • Edited 4:54pm Jul 11, 2009 3:29pm | Edited 4:54pm
Quoting tasciy
i use 06:00-09:00 gmt (not ny) i live in gmt+2 time zone so i am lucky to follow euro opens.
sorry about my late reply.
Hello tasciy,
Follow Your method here are result for previous week. How abt pip range in 195 did You take trade here too? Isn`t it too much? And I think it is not possible to put order here, cause no time for that, how do You think?
P.S: the same with me, I also live in gmt+2
Also I noticed such thing - main news in UK at 10:30, sometimes it is better put pending buy/sell orrder without T/P. More pips could be caught.
Attached Image (click to enlarge)
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  • #1,462
  • Jul 12, 2009 2:40pm Jul 12, 2009 2:40pm
I believe NY session is GMT-4 right now because of daylight savings. Therefore the correct NY mkt - 7am - 9am (1100 - 1300 GMT)

Quoting tpr
I believe that NY is GMT-5
This map can help: http://www.worldtimezone.com/

This link http://www.forexmarkethours.com/ is also useful (make sure you set your time zone in drop down menu).

So I figured it out myself:
- NY market opens at 8am EST (1pm GMT) so the 2-hr frame we select is 7am-9am EST (12pm-14pm GMT).
- Lon market opens at 3am EST (8am GMT) so the 2-hr frame we select is 2am-4am EST (7am-9am GMT).
- Asia market opens at 7pm EST (midnight GMT) so the 2-hr frame we select is 6pm-8pm EST (11pm-1am GMT)....
  • #1,463
  • Jul 12, 2009 3:37pm Jul 12, 2009 3:37pm
Quoting kulu
I believe NY session is GMT-4 right now because of daylight savings. Therefore the correct NY mkt - 7am - 9am (1100 - 1300 GMT)
That's correct.
During the summer UK is on BST (GMT+1) and during the winter UK is on GMT. (http://wwp.greenwichmeantime.com/)
  • #1,464
  • Jul 13, 2009 5:36am Jul 13, 2009 5:36am
Quoting kulu
I believe NY session is GMT-4 right now because of daylight savings. Therefore the correct NY mkt - 7am - 9am (1100 - 1300 GMT)
Finaly somebody posted time frames,that i was looking for.Thanks!
.
  • #1,465
  • Jul 13, 2009 5:51am Jul 13, 2009 5:51am
Quoting Bobcat2
I believe your chart is incorrect. If 14 on the chart refers to GMT 1400, then you have the US market open at 10:00 AM EDT.
My chart is correct. See open and closed times of markets in home page of FF. Before that set FF clock on your time.
  • #1,466
  • Jul 13, 2009 6:24pm Jul 13, 2009 6:24pm
Hello everyone, this is my first post and I have been following a number of 'strategies' and this one caught my eye for its simplicity (kiss) and I have been watching with careful observation.

Over the past month or so the GBPUSD has been a winner for me and, for example, taken today I have attached sample with a very good result.

I can't wait to live trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.2009.07.13.gif Size: 27 KB
  • #1,467
  • Jul 13, 2009 6:33pm Jul 13, 2009 6:33pm
NY is 5 hours behind BST.

Quoting tpr
That's correct.
During the summer UK is on BST (GMT+1) and during the winter UK is on GMT. (http://wwp.greenwichmeantime.com/)
  • #1,468
  • Jul 14, 2009 2:25am Jul 14, 2009 2:25am
Quoting kulu
I believe NY session is GMT-4 right now because of daylight savings. Therefore the correct NY mkt - 7am - 9am (1100 - 1300 GMT)
Sun heat all planet so you have daylight savings on all time zones.
  • #1,469
  • Edited 8:13am Jul 14, 2009 7:51am | Edited 8:13am
fellow learners and traders i have one question

1. ny opens 9.00 am est in the uk ny opens 2.30 pm bst and 1.30 pm winter time what time should one who lives in uk trade the ny open 12.30 - 2.30 pm ?

all answer welcome but would perfer an answer from a uk trader trading this breakout
"The person who knows that enough is enough, will always have enough". .
  • #1,470
  • Jul 14, 2009 8:23am Jul 14, 2009 8:23am
Quoting pipserix
Sun heat all planet so you have daylight savings on all time zones.

There is no time saving in whole Asia, only in some part. Tokyo also does not move their time. Here you can check current times:

http://www.timeanddate.com/worldcloc...om.html?sort=2
  • #1,471
  • Jul 14, 2009 8:25am Jul 14, 2009 8:25am
on page one, it says that they were 9 x 15M candles.

so do we place the order at 9.15am?
with the close of ninth candle from 9 to 9.15 am?

i am confused.
meine augen sind die sterne
  • #1,472
  • Jul 14, 2009 8:29am Jul 14, 2009 8:29am
Quoting aserbfx
on page one, it says that they were 9 x 15M candles.

so do we place the order at 9.15am?
with the close of ninth candle from 9 to 9.15 am?

i am confused.
If the price is still in the range-it doesn't matter. Good luck.
  • #1,473
  • Jul 14, 2009 8:35am Jul 14, 2009 8:35am
Quoting calderone
If the price is still in the range-it doesn't matter. Good luck.
and if not, the 9 to 9.15 am bar is valid. right?!
meine augen sind die sterne
  • #1,474
  • Jul 14, 2009 8:37am Jul 14, 2009 8:37am
Quoting aserbfx
and if not, the 9 to 9.15 am bar is valid. right?!
I would count it.
  • #1,475
  • Jul 14, 2009 8:38am Jul 14, 2009 8:38am
Looks like I missed a good trade on Cad. Rats! lol
  • #1,476
  • Jul 14, 2009 8:52am Jul 14, 2009 8:52am
Hello,

This method is a part of the Forex Miracle strategy. Just google for:
forex miracle scam

I bought it and had some days with profit and other days I lost more than I won before. Got refund from clickbank.

Holger
  • #1,477
  • Jul 14, 2009 8:55am Jul 14, 2009 8:55am
Quoting SXMTrader
Hello,

This method is a part of the Forex Miracle strategy. Just google for:
forex miracle scam

I bought it and had some days with profit and other days I lost more than I won before. Got refund from clickbank.

Holger
It's just one technique of range trading. I often trade in the middle of a range, also you can use the daily range etc.

It would be a scam for some guy to sell this.
  • #1,478
  • Jul 14, 2009 10:15am Jul 14, 2009 10:15am
stopped out on eur/jpy, the 2 hour range was the daily as well (close enough). My sl was tight. Maybe too tight for this pair because I could have gotten some profit.
  • #1,479
  • Jul 14, 2009 6:01pm Jul 14, 2009 6:01pm
Quoting aserbfx
on page one, it says that they were 9 x 15M candles.

so do we place the order at 9.15am?
with the close of ninth candle from 9 to 9.15 am?

i am confused.
Well if they say it is 7 to 9 there is only 8(eight) 15minute candles in two hours. I agree it is confusing , but I use the 8 candles starting from the one that end on 7h15 and put the first vertical line just before it. In other words that candle is included in the box.

It covers the time from 7h00 to 7h15.

After eight candles you draw the next line.

My interpretation thereof
  • #1,480
  • Jul 14, 2009 8:03pm Jul 14, 2009 8:03pm
Quoting calderone
stopped out on eur/jpy, the 2 hour range was the daily as well (close enough). My sl was tight. Maybe too tight for this pair because I could have gotten some profit.
Yes, my stop was way too tight. If I had made it wider-the risk to reward would have been not worth it. Live and learn!
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