Hi all,
have been inspired by these breakout systems, which are uncanningly reliable.
I have taken this idea from
"7am-9am Big Dog USD Breakout Strategy" http://www.forexfactory.com/showthread.php?t=103682
& the 0400-0700 GMT breakout strategy http://www.forexfactory.com/t/183582...trategy-1.html.
I originally started a EUR/JPY straddle thread
http://www.forexfactory.com/t/181945/eurjpy-pairs-straddle-tokyo-open-1.html
EUR/JPY Straddle by Me, Bazza
I decided to open a separate thread to the above as it confuses the origininators method.
Upon investigating years of charts, I found this: Don't straddle the London open, but the first 30 minutes of the London open, which is 0800-0830 London time. The Daily trend has been usually established by then. Always be aware of News, especially interest rates, better have that day off.
Method: Set your entry + 5 pips + spread above/below 0800-0830 London 30 min candle. Currency pair: GBP/USD.
Stop loss is opposite of 30 minute candle, or 50 pips if 30 min candle > 50 pips.TP1 is + 30, TP2 is + 60, TP3 is + 90.
Use Trailing stop of 25 pips.
Last evening, Aug 4, my profit was 3 * 19 pips, as T/S took me out, which was good as pair reversed & would have been a loss.
evening before was +30 & + 60. I only entered 2 positions.
Hope you make some nice pips.
have been inspired by these breakout systems, which are uncanningly reliable.
I have taken this idea from
"7am-9am Big Dog USD Breakout Strategy" http://www.forexfactory.com/showthread.php?t=103682
& the 0400-0700 GMT breakout strategy http://www.forexfactory.com/t/183582...trategy-1.html.
I originally started a EUR/JPY straddle thread
http://www.forexfactory.com/t/181945/eurjpy-pairs-straddle-tokyo-open-1.html
EUR/JPY Straddle by Me, Bazza
I decided to open a separate thread to the above as it confuses the origininators method.
Upon investigating years of charts, I found this: Don't straddle the London open, but the first 30 minutes of the London open, which is 0800-0830 London time. The Daily trend has been usually established by then. Always be aware of News, especially interest rates, better have that day off.
Method: Set your entry + 5 pips + spread above/below 0800-0830 London 30 min candle. Currency pair: GBP/USD.
Stop loss is opposite of 30 minute candle, or 50 pips if 30 min candle > 50 pips.TP1 is + 30, TP2 is + 60, TP3 is + 90.
Use Trailing stop of 25 pips.
Last evening, Aug 4, my profit was 3 * 19 pips, as T/S took me out, which was good as pair reversed & would have been a loss.
evening before was +30 & + 60. I only entered 2 positions.
Hope you make some nice pips.
Attached Image