Thanks, I will download the indicator and check it out. I had seen it earlier, but figured since eelfranz labeled it as HA's, I figured a HA candle is the same as anyone else's as long as it is configured the same. Kind of like Stoch's. Having not ...

Trading Made Simple

Hi all, I have been out of forex for about a year now and am just getting back in. I used to trade a New York breakout with decent success, but had to quit when I moved to S. Africa due to a lack of internet (Lesotho to be exact). Now, that I am ...

Trading Made Simple

Which ever way you do it will work because they play hand in hand. Longer term trends are more reliable than short term trends, unless you are trading really short term. Regardless of the trend in whatever TF you use, it will usually react to S&R ...

7am-9am Big Dog USD Breakout Strategy

Yes, that pullback can get you, and most often does. That is why I usually will just close and order and be happy with what I got. No I don't use an indi for the trend. I eyeball it, but do so from the top down starting at the weekly. I also look ...

7am-9am Big Dog USD Breakout Strategy

Hooky I don't know what the time frame is on that chart you posted. However, it looks as if you are in an uptrend. If it were me, I would close out part of the order so that I would have some profit. the problem with this system is that you really ...

7am-9am Big Dog USD Breakout Strategy

Yes I agree with that. Always try to place your trades with the direction of the trend. When I was using this system, I rarely ever placed a pending order on both ends of the box, many times at the end of the session you will have a price reversal ...

7am-9am Big Dog USD Breakout Strategy

the primary reason is to catch the tail end of the European session and the beginning of the NY session, catching the tail end of the trend. When I was trading this strategy I was trading it 10-11 NY time, which for me was 7-8 PST. Scott

7am-9am Big Dog USD Breakout Strategy

I am leery of the eu today as well. It is at an area of resistance right now, going back to last Feb-March. So I am looking to see a possible retrace. But hey, who knows? I did enter long, because the trend is still upward (heading into resistance), ...

7am-9am Big Dog USD Breakout Strategy

1. I trade only the eur/usd cross, I don't look at any other pairs (although I am tempted form time to time) 2. I do not place both buy and sell orders at the top and bottom of the box 3. I always utilize a SL, but not a set stop loss So my approach ...

7am-9am Big Dog USD Breakout Strategy

Maverick, I had a hard time figuring out all of this +1, -1 stuff. The easiest way for me was to just go online and see what time it was in New York as it related to my time zone. Then what ever it is, just set your indicator to draw the box to the ...

7am-9am Big Dog USD Breakout Strategy

Here is a picture of my chart which should show the open orders at the bottom for those doubters out there Scott image

7am-9am Big Dog USD Breakout Strategy

I think if you use this strategy as a "set and forget" system, you will lose money. However, if you can utilize price action in relation to the box, and be able to babysit your trades...you can do fine. You just have to be able to get out when you ...

7am-9am Big Dog USD Breakout Strategy

I traded the eur/usd pair only. Others traded the pound /dollar. I did alright when I was using this system, but I did not use it the way it is stated in the rules. I traded 5am to 7am pacific time, which was 8-10 NY time. Can't answer your question ...

7am-9am Big Dog USD Breakout Strategy

Okay, thanks. I have read his comments and I remember him saying this, but for some reason I felt I had missed something. Probably because I was up all night reading posts...things just got fuzzy. Thanks again, this was all I wanted to know. Scott

Building an equity millipede

Well, I did read it...but the stop loss escapes me. That is all. System/strategy...whatever, I am not even sure I have the time to experiment with it. Just intrigued at this point. Thanks anyway

Building an equity millipede

stop loss — Hi all, I have read through the thread, and I think I keep missing this point. Where and how is the SL determined. Seems like if do it correcty as I have seen in this thread, there is very little risk. I just keep missing the SL ...

Building an equity millipede

You are welcome, but remember...I am no guru. I did well with this system, got stupid, risked too much because it was too easy...then the loses started. Of course I tried to make the money back by risking more and blew the entire demo in a matter of ...

7am-9am Big Dog USD Breakout Strategy

I only say to stick to one pair so that you can learn its movements and rhythm. I didn't really buy into that untill I watched one pair only for a period of two months, once I did, I understood. I know with all of those pairs out there, it looks and ...

7am-9am Big Dog USD Breakout Strategy

i would use whatever you have the most comfort with. 25 pips shouldn't be that bad, depends on if you can trade with the trend. I would also babysit your orders. For me, this has not been a "sit and forget" system. I have been trying it on a ...

7am-9am Big Dog USD Breakout Strategy

I havn't heard of that indicator. I'll check it out . . . do you use it on all TF's? And most importantly, is it accurate. I'll take a look. The only other indicator I use are stoch's, I sometimes use MACD, but lately have taken it off the chart. I ...

7am-9am Big Dog USD Breakout Strategy