Today has been an education. I now realise the market opening hours. Onwards and Upwards. So we can choose to have the box an hour before and an hour after the open or 2 hours before and just on the open. Is this correct?
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Trades should be placed near opening of the us market for this strategy... I use another that I trade a few hours before hand, but we wont worry about that.... Once you see how easy this is you'll be like omg that was easy and fun..lol Good luck to you all and many pips
Just thinking out loud... I don't know why you vote this strategy as not profitable..... I have been trading for a long time and I promise you will not find anything easier.... I'm not sure what else to tell you.... You could place an order and 5 sec. later close it out and you would have profit... It really is that easy
When trading also watch the news reports that come out.. We had the huge move due to the 3 Gbp and the 1u.s reports that came out.. a lot of noise, but we still had a few people profit.. I want to say good job for those that did profit!! and it's just going to get easier Keep up the good work everyone!
One question that I've been asked alot is why don't you set SL and TP.. the best way to answer that is 1. I don't like my broker knowing my every move.. I look at trading like a game of chess I always have to be one step ahead. 2. I feel comfortable in the way I trade that's just my style. Do what you feel comfortable with. When I enter a trade I already have it in my mind what im shooting for and what im willing to lose.
If price doesn't hit what im after I get out even if its just a few pips.. that's how cut my losses.. if price starts going my way again I jump back in at my original entry if everything lines up for me.. I get asked how did you profit when I get stopped out. I never let a trade go bad. That money is mine and nobody is going to take it from me even if it is just a few pips. That's my strategy I stick to it and it works for me. I hope that helps some.
I plan to stream live starting the new trading week. If that helps yes I will find a way to record my session and put it up for those that miss out. Thank you
I plan to stream live starting the new trading week. If that helps yes I will find a way to record my session and put it up for those that miss out. Thank you
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Great. Thanks.
Also just to confirm. For the UK session you are waiting for a clean break of the box after exactly 1 more hour from now right?
That is correct. I will not be trading it, but keep me posted if you do. I'd like to know how everyone does.. thank you.
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I'm not trading it tonight as the range is already over 40 pips for the E/U. If it was consolidating a little tighter I would but tonight looks like a no-trade for me with this strategy.
I traded the gbp/jpy. I should just stick to one pair and trade it in all sessions. Plus my stop loss is too large. Yes Demo. Do you just trade one pair in all the sessions?
7am-9am Big Dog USD Breakout Strategy
