Yes . . . this is why (of course . . . opinion only here) is why you or I should try to trade in the direction of the trend, and not to just arbitrarily place orders at the top and bottom. Can you avoid getting taken out on both ends? I don't think ...

7am-9am Big Dog USD Breakout Strategy

Example of what could be a bad day — Hi guys, for some of you cheking this system out here is and example of how it can go, either for you or against you. Would have gone bad on the long and potentially the short too! If one were to get ...

7am-9am Big Dog USD Breakout Strategy

Geoff, Well, the correct method is that your SL should be at the whole box height. If you were to use that, I wouldn't use a 15 TP . . . because as you say the R/R is not that good. My experience with this system is that it WILL trigger an order ...

7am-9am Big Dog USD Breakout Strategy

bars — Hey Geoff There is another trader by the name of forex_fan who is trading the same way as you. That is a 15 pip profit target with a 15 pip stop loss. He as doing quite well with it. The last I heard, he was up around 225 pips for ...

7am-9am Big Dog USD Breakout Strategy

Pianosax, welcome back my friend! I havnt heard from SirSpike in a while, I think you are right . . . He is busy counting! Good luck with the 8-10 TF, it has worked for me. But the I think almost any TF would work, depending on the pair. You are ...

7am-9am Big Dog USD Breakout Strategy

This time zone stuff is enough to drive a guy crazy. I had a hard time with it when I first started this system for the same reasons, then it dawned on me to quit obsessing over it and to just do as the thread says. Just trade 7-9am EST and don't ...

7am-9am Big Dog USD Breakout Strategy

If its not broke, don't fix it. It looks like to have close to a 97% winning streak on your backtest. I don't know how you could do better, unless you discover a way to see the future! 20 pips a day would be great in anyones's book. I try for the ...

7am-9am Big Dog USD Breakout Strategy

I trade this system regardless of news. The way I see it, price is either going to go up, or its going to go down. Why not be ready for it either way? With that said, money management is very important. You need to have stops in place, and not ...

7am-9am Big Dog USD Breakout Strategy

I'm not sure what other pairs work. I have only been trading the eur/usd. I havn't skipped around because I want to learn how PA on this one pair behaves. I'm sure the cable would work quite well, probably better as it is a little more volatile. I ...

7am-9am Big Dog USD Breakout Strategy

Good trade. I opened with .2 lots, closed .1 for +27 on the eur/usd, left the other .1 at little better than BE. We'll see what happens. Monday +27 Week +27 Month +445

7am-9am Big Dog USD Breakout Strategy

Yes, technically it is the break or the high/low of the box. Personally, I enter early all of the time if I feel I have correctly determined the trend. Why wait for the box to form completely if you feel you can enter now? For me, the "box" is just ...

7am-9am Big Dog USD Breakout Strategy

I use a 3 pip buffer on my box on the 15m TF. This work well "most" of the time for me.

7am-9am Big Dog USD Breakout Strategy

Just go online, or if you have an ipod or smart phone with a world clock, Look up what time it is in New York in relation to where you are. It is as easy as that. Trade 7am-9am EST (New York time). My chart times, broker times don't match perfectly ...

7am-9am Big Dog USD Breakout Strategy

No, all I do is determine the trend then place an order at the side (top or bottom) that is going to be hit. I do use stochastics and a bunch of moving averages. People don't like my charts because they look cluttered, but for me, thay work. Besides ...

7am-9am Big Dog USD Breakout Strategy

Two months, Monday thru Friday, 8-10am EST. I have not had a losing week yet. I trade pretty much only eur/usd. Risk 1-2% on each trade.

7am-9am Big Dog USD Breakout Strategy

Your system — 87 pips in a week is great! Why switch? This system is supposed to be traded 7am-9am NY time. If you trade it 2-4 EST (NY time) you will not get much action if any as the markets are closed. I personally trade at 8-10 NY time ...

7am-9am Big Dog USD Breakout Strategy

turns out after I posted this on Wednesday, I reentered on the short side and P/A went in the right direction this time. friday: +20 Week: +188 Month: +418 Total Trades:35 Short Positions (won %): 23 (78.26%) used to be around 84% Long Positions ...

7am-9am Big Dog USD Breakout Strategy

One of those days — Well, today was one of those days, good thing they don't happen all that often. Bottom got triggered then reversed for a loss of -30 pips. Then of course, price ran to the top of the box and triggered the long. But then as ...

7am-9am Big Dog USD Breakout Strategy

I personally look at all TF's for S/R, especially the 4hr and daily. I might be wrong, but I think most of us are trading from the 15m chart. I place orders on the 15, then monitor the trend all TF's, usually pulling out within 1-2 hours to avoid ...

7am-9am Big Dog USD Breakout Strategy

It shouldn't matter, just use one of the many world timeclocks and figure out when 7am-9am EST is in relation to your location. Then play around with the indicator settings to make the box match up. For the TF I use, my indicator shift is -1GMT. I ...

7am-9am Big Dog USD Breakout Strategy