Here is a copy of my last trade. I keep a copy of all trades with notes as a reference and learning tool. You can see the overall market trend is down, this is why I say you dont HAVE to place on both ends. I did because I think the euro is getting ...

7am-9am Big Dog USD Breakout Strategy

Binh, ah yes it was not a good first day for you with this system. Can I make a few suggestions? They may help, or not, take them as you will. - try to specialize in one pair, this way you won't be spread too thin. Plus after a while, you will ...

7am-9am Big Dog USD Breakout Strategy

Good for you Forest! Yes I believe as you do that 15 gets hit quite often. I personally shoot for anywher from 10-30, and have as high as 231 pips once (just once!) by mistake or luck or whatever. This system performs wonderfully in a trending ...

7am-9am Big Dog USD Breakout Strategy

Non trend days — The way I used to do it on non trending periods of time was to abandon the box and trade support and resistance with the use of fibs. I found that if price is staying within a range, you could predict it's movement and place ...

7am-9am Big Dog USD Breakout Strategy

been a while — Hi All, It has been a few months since I have posted on this thread. I have been out of the FOREX market for a couple of months now and it is time to jump back in. I can't take it anymore, not being in the pip hunt. So what are ...

7am-9am Big Dog USD Breakout Strategy

Just posting here to subscribe to the thread. Looks interesting.

Craig Harris Stochastics Method

Nice post and results! You will find that you will do well with this system as long as you manage your risk. Personal opinion here, but I wouldn't trade multiple pairs (like the 8 you posted above) with a 2% risk per currency. That could result in a ...

7am-9am Big Dog USD Breakout Strategy

Sean, well said! You will find that this system will work quite well if you can properly determine the overall trend for the TF you wish to trade it. For example, if you are jumping in and jumping out, I'd look at the 4H, 1H, 30M and 15M trend, ...

7am-9am Big Dog USD Breakout Strategy

Many up and down days. I have to admit, it wasn't the FOREX that killed my account, it was me. You know, what they say . . . 95% fail. Count me in on that, and it was VERY POOR money management that did it. To be honest, I started trading this ...

7am-9am Big Dog USD Breakout Strategy

That is a good question. I've never given much thought to the close of the candle. RU talking about the close on which TF? Personally I have been beaten down this month. Lost most of my gains of the previous two months!

7am-9am Big Dog USD Breakout Strategy

This is why I will be quick to close a position that has gone bad...only to quickly jump on the train if it is headed th other way. I can't tell you how many short term reversals can get triggered for a loss, but there are quite a few. Many times ...

7am-9am Big Dog USD Breakout Strategy

The box is used as an indicator for the timeframe it is set for. It will not open or close positions for you. You have to do that manualy. Unless there is anther one out there that will do this.

7am-9am Big Dog USD Breakout Strategy

I would venture to say that this or any other breakout system would work with any session. Given any 24 hour period, the market is going to go up, down, or sideways. Eventually the target is going to be hit. For me, it all depends on my ability to ...

7am-9am Big Dog USD Breakout Strategy

Hi Anderou, okay, I know you should shoot for at least 1:1 with 1:2 or 1:3 being pretty good. With that said, I have to say that " I don't know". The way I trade this system is in a way where I expect to get at least 10 pips or more. I will close ...

7am-9am Big Dog USD Breakout Strategy

I will start to look at closing the open trade at 15 pips. It all depends on how strong I think the trend is and the time of the day it is. Once I place my orders, I don't look at them for at least an hour. Usually by then one side has triggered, ...

7am-9am Big Dog USD Breakout Strategy

My order has not been triggered yet, on either side. Most likely because I trade 8-10am EST as opposed to 7-9am EST. I am thinking about cancelling both as the market seems to be ranging a little bit today. Are you long or short?

7am-9am Big Dog USD Breakout Strategy

Can't say if you are wrong or right. My thought on a demo is that it is an account that allows a person to practice on, to hone their skills, to learn to see price action, to learn S/R, practice fib's and other indicators. A way for the new or ...

7am-9am Big Dog USD Breakout Strategy

Yes, it has been a while. No can't say that I have seen a post from Dubai Trader since around the time you left. Did you ever go live?

7am-9am Big Dog USD Breakout Strategy

I'd like to try the London Open, to bad it it so late at night. I can't stay awake. It is the best session to trade, and usually offers up the most pips too. Good luck boophaty, great results!!

7am-9am Big Dog USD Breakout Strategy

I have done this both ways. To be honest, my SL placement varies. I am not trading live yet, but very close to it and will be using this system when I do. This is the way I figure it. Currently in my demo (started with $2,000 us) on March 2nd. 1% at ...

7am-9am Big Dog USD Breakout Strategy