trade it and its very important to have trade with some rock solid rules that you just dont break at all. Pros: Black Dog Forex trading system is a powerful system that took years to develop. All you do is: Pay way too little for the system, download the manual (you don't have to pay extra for expedited shipping - there is no shipping download the indicators, join the forum (optional of course) and get started. Of course, if it was so good, why does the same guy have two more systems out now? Make money now and stop losing. No CD's, DVD, s notebooks full of colorful charts, videos, fancy web sites with lots of animation. The top of the macd (please see chart) has to be above the blue line for a buy below for a sell -The price has to be above the 50 EMAs (see chart) the 15 EMA for a buy below for a sell. Revised the criteria to filter out some of the higher risk trades. Those who has 9 to 5 job need to spend at least 10 minutes a day, to wait for an entry and thereafter put a set and sleep target profit. If all those are in place we can look for possible entries.
Before I get onto the actual strategy, though, I just wanted to talk about what purchasing the Black Dog system gets you. However, as he does post regularly on his trading and you can follow him on his sites before you consider purchasing the system (if you wish to do so) I think that you will have plenty of opportunity to decide how independent the review. The markets I watch are usd/gbp, eur/usd, usd/jpy, eur/jpy, aud/usd, nzd/usd, usd/chf, usd/cad and I trade off the 15 min time frame as most Black Dog traders.
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There are some guys in the forum (along with Dave) that really know the Forex markets inside and out and will be glad to offer assistance. The bottom line is it didn't work for. The stop loss is 20 and the profit target also. This trading system is very unique. There is no "Inner Circle" to join for 5,000 where he will give you the real way to trade his system (and a bar-b-que in the Bahamas thrown in). Entries are made when the price goes through and bounces off the 15 currency yen to australian dollar ema. Fast and accurate market watch system makes all the calculations in just a second!