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The Black Dog Trading System or BD from here on in is the only strategy back I personally use, but it does no harm to have other big guns on your side enabling you to change tack and attack those markets from a new angle.
However, we have many different MACDs. I would dot this is a good move on Dave's part The strategy is currently performing very well and profits are made consistently.
Black Dog System
Vorex he contradicts and discredits himself! Yousafsai's comments about the Black Dog system are laughable when you read some of his comments in other people journals I did not get a chance to read his all his journal before it was removed, but the few charts I saw looked exactly like the BD set up with SR boxes He is right when he says that the system cannot make you a successful trader by itself - that is down to you; and to be a successful trader you need a number of things; the most important are the mental attributes of patience, discipline and perseverance; secondly you blqck have some understanding of the forex market, why it moves when it moves - and as important, forec it is unlikely to move, what are the forces driving it and thirdly, you must have a good system.
My original method for trading the Black Dog made about pips in a a couple of months but was a little bit too high maintenance for comfort so I revised the criteria to filter out some of the higher risk trades.
I have to say - though - if you dedicate yourself to the forum, you will likely end up a great trader or like me a halfway decent one.
Black Dog System | Forex Winners | Free Download
Let other forxe know if this service is worth checking or should be avoided. You have made a very wise decision in your investment.
Please have a look at the charts for clearer explanation. As far as the system itself The rules are not difficult to follow, and there are only a few of them.
271# Black Dog Trading System
For daily updates on my Black Dog trading plus other review please click here. I now trade very well with another price action method that really works. The customer service from Dave, the author of the system, is second to none and all queries will be dealt with dot in a matter of hours.
I have done umpteen skype calls with individual members using Mikogo screen-sharing tool and group sessions too describing how we trade price action. Some people have static stop losses, others use swing highs or lows, some use pivots, others use it based on ATR, etc.
I actually hesitate to call it a system. This is a much more basic approach, one that capitalizes a few patterns that repeat in the market One to one live trading via Skype can also be arranged free of charge. Sorry that indicator is Paul one.
Black Dog Forex
The system designer, Dave Atkinson is a real straight shooter There are others like myself who won't take less than 20 pips. All of this to my delight has turned out to be true, and I couldn't be happier.
It cannot be overstressed that diverging from the rules will probably result in failed trades. You need to put in the screen time to learn how the market works and follow the bars and apply the system. Also in the forum forfx a number of very useful indicators and alerts.
The stop loss is 20 and the profit target also He still doesn't understand the Black Dog system! I am in the trading room daily Trade examples edited to not give the system away at request of owner. Most other system providers charge for their support - not so at the Dogs. BlackDogForex has requested that these charts be removed as it gave too much information to the reader of this article.
This is the perfect blog for anyone who wants to know about this topic. It sure beats losing! Most people including some of the core members have tweaks to the basic rules to fit their basic style.