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Old 08-28-2008, 03:35 PM
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dznmrd dznmrd is offline
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Thumbs up 7AM-9AM BIG DOG USD Breakout Strategy

Hi,

Everyones sharing such a lot on Forex-TSD, I thought i will take the time to share with all too what i have learnt that works.

I just got this idea from a friend, who gets this idea from another.
We called it the Big Dog 1400-1600 USD Breakout Strategy. (Around US OPEN)

Its a simple strategy. You need not have any indicator, just the default ones found in your metatrader.

Daily Profit Potentials: Around 30-50pips +

All you need to do is the following:-

1. Pull out a M15 Chart for a USD Major pair, example like GBPUSD.
2. Draw a vertical line at 14:00 time on your Chart.
3. Draw a vertical line at 16:00 time on your Chart.
4. Draw a Horizontal line at the high of candles/bars in between the vertical
line.
5. Draw a Horizontal line at the Low of candles/bars in between the vertical
line.

Thats it, Simply put a buy stop at the high and sell stop at the low with stoploss at the low (If your buying) and stoploss at the high (If your selling).

Ideal Targets: Around 30-50pips or no targets if you think it can go more

Trailing Stop of 15pips, if your using metatrader.

Example screen.
1400_1600_breakout.gif
You can also check historical records and see its very profitable!!

Some points to note:

1. There are only 9 candles/bars in the 15 minute chart, between 1400-1600.
2. If the Distance between the high and low is less than 50-60 pips, it could be very profitable.
3. If the Distance between the high and low is more than 50-60 pips, it could be not very profitable.
4. If the price doesn't break the high/low, its a ranging market.
5. The USD news are usually released around or after the 14:00-16:00 GMT phase.
6. The signals are only valid for the current day, Next day u again need to wait for the 1400-1600 time and 9 candles again.

*THE TIMEZONE IS BETWEEN 7AM-9AM New york Time*

#Custom Indicator# Thanks to Andee
breakout.gif
ant-GU Breakout.ex4
input what gmt_shift of your broker
Mulai = start,
Akhir = end,
Jumlah_Hari = number of day you want to display the indicator.

Thats all about this system and good luck to everyone.

Last edited by dznmrd; 09-05-2008 at 01:21 PM. Reason: Timezone
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