You should check out the other threads I mentioned earlier. It uses a break out + pullback setup which produces better results.

Breakout + Spread!! Sure!!!

Hi Jas, It doesnt matter where you live. Your broker's time is the only thing that matters. I see you are using Interbank FX. IBFX time is same as GMT. There are several differnt box times that people use. the most recent famous ones are 1) london ...

Breakout + Spread!! Sure!!!

What's your entry and exit on USDCAD.

Nomoretoxic's breakout

In this post url Nomo says any pullback...ultimately what you're looking for is the last price either high or low before the pullback - 2-3 pips away, that will be your entry. In this post url 4) if breakout occurs, wait for a pullback. ...

Nomoretoxic's breakout

Could someone please help me regarding when exactly to enter ? Assuming short 1) mark the low of the box from 7am - 9am EST 2) 5 pips offset to low of the box (low A) 3) Wait for breakout to happen 4) If market continues lower ,mark down the lowest ...

Nomoretoxic's breakout

Hi Nomo, Regarding EURUSD, there was a false breakout identified by your first arrow. Once the market retraced, shouldnt you have entered short after that first breakout bar'slow was taken out? Looks like you waited for another mini retrace to ...

Nomoretoxic's breakout

Thank you NMT — Hi NMT, Just wanted to say a big thank you for starting this new thread and sharing your trading style. I hope we all will remain focussed and keep the thread updated in a positive manner

Nomoretoxic's breakout

Nomoretoxic — In the chart you have attached, the pullback candle hasnt closed outside the box. Its still above the breakout line that you have drawn. Am I missing something ? Or does that line draw few pips offset below the actual breakout?

NY Break Out

Very neat idea. The breakout candle on the 5 minute chart is sometimes too small. Setting SL on the other side of that candle might be too tight. How do you handle that scenario?

NY Break Out

Hi Nomoretoxic, Whats the criteria that you use to identify the pullback candle ? a candle that pullsback inside the box and closes outside the box ? Thanks

NY Break Out

EURUSD broke to the south . I entered short at 1.3914. also planning to enter NZDUSD short if it breaks

NY Break Out

I got stopped out. entered short at 1.7545 . couldnt get my 10 pips. my SL was 20 pips above. Even if i had a bigger stop, i wouldnt have been safe. Yesterday also same thing happened. So i'm thinking i will concentrate on EURUSD USDCHF and USDCAD ...

NY Break Out

Hey George, Please reconsider your decision. Only after reading this thread, I got hope that i will be successful one day in forex (after 1 year of continous loss). Please continue to post again. There are hundreds of others who benefit from your ...

7am-9am Big Dog USD Breakout Strategy

I donno about GJ and AU. But I made my pips today with EU. and since its my first day with the system , i decided to close at 10 pips itself. my entry at 1.4094 short.

7am-9am Big Dog USD Breakout Strategy

Hi George, Thanks for the wonderful explanation. EMA's bunching up and opening up is the easiest way i've come across to identify the immediate trend. How do you use the yellow EMAs? Thanks for ur help

7am-9am Big Dog USD Breakout Strategy

Its a wonderful idea . Thank you so much Jim for taking the time to do this.

james16 Chart Thread

Thanks Mike. I got it.

MW's trading journal

Hi Mike, With the 4-HR DIBS, do you look for direction confirmation based on the daily open at 00:00 GMT or 06:00 GMT? Thanks a lot for your help

MW's trading journal

Hi Peaches, Nice indicator. Do you mind sharing it please? Thanks

Daily candle chart

Hi ForexLion, I'm from India too. currently residing in the U.S. Could you give more pointers about your trading style please? Thanks Ram

Trading in India