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- breffniman replied May 11, 2011
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?
7am-9am Big Dog USD Breakout Strategy
- breffniman replied May 11, 2011
No the times messed me up. I will be ready for it in the morning:-) Ideally you want to be placing your trade before the market opens.
7am-9am Big Dog USD Breakout Strategy
- breffniman replied May 11, 2011
I am here watching CNBC and the opening bell is at 2.30 Irish Time. Does the forex market open earlier?
7am-9am Big Dog USD Breakout Strategy
- breffniman replied May 11, 2011
Does anyone have a proper MT4 indicator for this?
7am-9am Big Dog USD Breakout Strategy
- breffniman replied May 11, 2011
Does the Us Market not open at 9.30 New York time? Typical the timezones were messing me up. so I should be trading half an hour before the market opens for the breakout?
7am-9am Big Dog USD Breakout Strategy
- breffniman replied May 11, 2011
What timezone are you in? I am just a bit confused with the timing. I am going to trade the 13.00 - 15.00 GMT now and see what I can take.
7am-9am Big Dog USD Breakout Strategy
- breffniman replied May 11, 2011
Is the breakout before the Market opens.? I was assuming we wait for the 3.00 gmt. Bit confused. Market only opened at 2.30 gmt
7am-9am Big Dog USD Breakout Strategy
- breffniman replied May 11, 2011
I think ill understand the breakout first and go from there. Didnt go with the breakout today on London and EUR/GBP and would have taken +10. So gonna just try and trade as per the strategy from now on.
7am-9am Big Dog USD Breakout Strategy
- breffniman replied May 11, 2011
Personally I think if i can get the handle on the breakout first then can go from there. But up to you
7am-9am Big Dog USD Breakout Strategy
- breffniman replied May 11, 2011
How did you decide to enter the trade before the open and take 46 pips?
7am-9am Big Dog USD Breakout Strategy
- breffniman replied May 11, 2011
Ok so you are leading up to the US Open. Perfect will chat when it happens
7am-9am Big Dog USD Breakout Strategy
- breffniman replied May 11, 2011
Thanks for that. Should the box not have formed earlier? Is it not 7 - 9 GMT for the London Open?
7am-9am Big Dog USD Breakout Strategy
- breffniman replied May 11, 2011
Dont understand this. What box are you waiting for? Can you post a chart once it happens?
7am-9am Big Dog USD Breakout Strategy
- breffniman replied May 11, 2011
Are you trading the EUR/GBP on the London or the GBP/USD?
7am-9am Big Dog USD Breakout Strategy
- breffniman replied May 11, 2011
When you say 20 mins away what times are you trading with the box? Did you get stopped out with that sudden sell?
7am-9am Big Dog USD Breakout Strategy
- breffniman replied May 11, 2011
Perfect. Are you trading this open in London?
7am-9am Big Dog USD Breakout Strategy
- breffniman replied May 10, 2011
Sounds good. I am in a different timezone but will contribute whenever I can. My next session will be the London open.
7am-9am Big Dog USD Breakout Strategy
- breffniman replied May 10, 2011
you should try ustream. Just got taken out for 50pips. Not good ah well you live and learn. Back in the morning to go again
7am-9am Big Dog USD Breakout Strategy
- breffniman replied May 10, 2011
not going so good but gonna let it run and see. What SL do you normally use? I use 50 which is probably too much means risk reward is terrible
7am-9am Big Dog USD Breakout Strategy
- breffniman replied May 10, 2011
I sold at 1.63200. I will try tomorrow and plot 6-8. I also got +10 pips on EUR/GBP this morning. I am making very little money yet just want to get the system right. I am obviously losing 5 pips each time waiting for it to breakout. When you say ...
7am-9am Big Dog USD Breakout Strategy