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Attachments: 0400-0700 GMT Breakout Strategy
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0400-0700 GMT Breakout Strategy

  • #1,201
  • Sep 13, 2009 11:20pm Sep 13, 2009 11:20pm
1 hr chart(g/u)keep an eye on the trend line.
  • #1,202
  • Sep 14, 2009 12:12am Sep 14, 2009 12:12am
Quoting shaun_ru_th
1 hr chart(g/u)keep an eye on the trend line.
yep i just drew it now...i think im sticking to SHORT only on GU


Actually i have one drawn on the Daily and we just bounced off it (resistence) there is also several key emas above price that is stopping me from going long...the 1h trend line says long though...
  • #1,203
  • Sep 14, 2009 12:37am Sep 14, 2009 12:37am
Quoting BlueBull
I am busy testing the following.
1. Adapt your profit taking strategy in order to stay in longer when u have big move days. (Maybe splitting order in 3 the 1st 2 orders take profit at tp1, and tp2 as per rules, move the sl on the 3rd part to BE and let it ride, until either it is stopped out or maybe the end of the week?
2. Stay out of the market after big move days.

interesting idea....

Weasy2k, Maq, hope that you can share your backtest result with us.

thank
  • #1,204
  • Sep 14, 2009 12:43am Sep 14, 2009 12:43am
Im short GU price holding around daily S2, it breaks were looking good heres hopeing
  • #1,205
  • Sep 14, 2009 12:44am Sep 14, 2009 12:44am
There's also a break of a major trendline. Taking a short trade at this point will eventually be fine.
  • #1,206
  • Sep 14, 2009 1:34am Sep 14, 2009 1:34am
TP + 30 hit.

Great start to week.

Trade safe.
  • #1,207
  • Sep 14, 2009 2:07am Sep 14, 2009 2:07am
Already in and out Smaller amount of pips then ide like but im not going to reenter and risk losing my gains

Good luck to everyone!
  • #1,208
  • Sep 14, 2009 2:34am Sep 14, 2009 2:34am
Quoting matlobien
TP + 30 hit.

Great start to week.

Trade safe.

How ?????

What is time to this strategy , as I know between 4 GMT - 7 GMT , after that will make order ?
Yesterday ,,,, Today ,,,, and Forever
  • #1,209
  • Sep 14, 2009 4:41am Sep 14, 2009 4:41am
Quoting The1
How ?????

What is time to this strategy , as I know between 4 GMT - 7 GMT , after that will make order ?
Please read all the posts from fed.

We trade 2 to 5 GMT.
  • #1,210
  • Sep 14, 2009 1:46pm Sep 14, 2009 1:46pm
Quoting matlobien
Please read all the posts from fed.

We trade 2 to 5 GMT.
Thanks ,

I read until post 11

can you correct me plz :

Pair : G/U
T/F : 30 M
Period from 2 GMT - 5 GMT ( NOT 4 GMT - 7 GMT )

* ( I use Al Pari UK MT4 (Market Watch GMT+2 ) , So I will add 2 h , then time will be to me from 4 - 7 )

buffers , 7 pips for shorts and 7 pips + spread for longs

is that correct ?

Thanks
Sorry for my bad E ,
Yesterday ,,,, Today ,,,, and Forever
  • #1,211
  • Sep 14, 2009 2:03pm Sep 14, 2009 2:03pm
Quoting matlobien
Please read all the posts from fed.

We trade 2 to 5 GMT.
Some of us trade Tasciy's original box time of 04:00 - 07:00 GMT.
  • #1,212
  • Sep 14, 2009 8:44pm Sep 14, 2009 8:44pm
Hi all, I am having problems trading this strategy lately because of the timeframe. It has been more then 6 months of trading this strategy and it is effecting my real work, from now on I will be sleeping and getting my rest and will wake up early morning 2 hours before US opens and trade during the US session. I will find another strategy at my time zone, however I will follow the thread and I will follow this strategy because I am planning to use it when I go full time forex trader in 2-3 years. Good luck to all...
  • #1,213
  • Sep 14, 2009 11:06pm Sep 14, 2009 11:06pm
Quoting fed
Hi all, I am having problems trading this strategy lately because of the timeframe. It has been more then 6 months of trading this strategy and it is effecting my real work, from now on I will be sleeping and getting my rest and will wake up early morning 2 hours before US opens and trade during the US session. I will find another strategy at my time zone, however I will follow the thread and I will follow this strategy because I am planning to use it when I go full time forex trader in 2-3 years. Good luck to all...
yes u can trade big dog breakout.but be careful that time market is more volatile.
  • #1,214
  • Sep 14, 2009 11:37pm Sep 14, 2009 11:37pm
Quoting The1
Thanks ,

I read until post 11

can you correct me plz :

Pair : G/U
T/F : 30 M
Period from 2 GMT - 5 GMT ( NOT 4 GMT - 7 GMT )

* ( I use Al Pari UK MT4 (Market Watch GMT+2 ) , So I will add 2 h , then time will be to me from 4 - 7 )

buffers , 7 pips for shorts and 7 pips + spread for longs

is that correct ?

Thanks
Sorry for my bad E ,
T/F 15 min
  • #1,215
  • Sep 15, 2009 12:12am Sep 15, 2009 12:12am
looks like yesterday and today(g/u) hit 3 times 50% fibonacci level..
  • #1,216
  • Sep 15, 2009 1:11am Sep 15, 2009 1:11am
Quoting fed
Hi all, I am having problems trading this strategy lately because of the timeframe. It has been more then 6 months of trading this strategy and it is effecting my real work, from now on I will be sleeping and getting my rest and will wake up early morning 2 hours before US opens and trade during the US session. I will find another strategy at my time zone, however I will follow the thread and I will follow this strategy because I am planning to use it when I go full time forex trader in 2-3 years. Good luck to all...
It is sad to see that you are not able to balance your work and this great strategy that you fine tuned for us.

We will go on trading it till you are back.

We will also look out for the way you concur the US session.

I take my hat of to you for your unselfish sharing.

Please look in from time to time.

The pips will follow you.
  • #1,217
  • Edited 5:27am Sep 15, 2009 2:58am | Edited 5:27am
it went long(g/u) exacly 61.8% retracement level(touched twice) and went down sharply..
luckily I didnt trade this strategy today..
Attached Image (click to enlarge)
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  • #1,218
  • Sep 15, 2009 5:56am Sep 15, 2009 5:56am
Quoting Weasy2k
yep i just drew it now...i think im sticking to SHORT only on GU


Actually i have one drawn on the Daily and we just bounced off it (resistance) there is also several key emas above price that is stopping me from going long...the 1h trend line says long though...
This morning would have been a total lost if I had followed this system blindly, I read some articles that kept me out of going long and actually going short twice (before FA and after) The first article is about determining the trend http://chartta.com/?p=86 the second article is about finding and drawing all the support and resistance levels.http://chartta.com/?p=98 as well as trading support and resistance http://chartta.com/?p=117 Hope this helps.
Regards
  • #1,219
  • Sep 15, 2009 11:14am Sep 15, 2009 11:14am
i actually profited long and short on GU that day Only took 20 pip on long but was one of those lucky days i guess.

Yesterday i went long again for a quick 20 pip trade.

Cant wait for larger trends begin again..
  • #1,220
  • Edited 12:07pm Sep 15, 2009 12:06pm | Edited 12:07pm
Quoting Weasy2k
i actually profited long and short on GU that day Only took 20 pip on long but was one of those lucky days i guess.

Yesterday i went long again for a quick 20 pip trade.

Cant wait for larger trends begin again..
Glad to hear somebody made money, as the above trades I made was only on demo because I only read about it a couple of days ago and of course I had to try it out first, it's a bitch. I mean like you sit in front of the pc and you can't believe how easy it is to make so much money in such a short time and you think if only this was the real account.
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