Forex Factory (https://www.forexfactory.com/forum.php)
-   Trading Systems (https://www.forexfactory.com/forumdisplay.php?f=71)
-   -   Breakout London Timeframe (https://www.forexfactory.com/showthread.php?t=624965)

Monokl Dec 21, 2016 10:24am | Post# 1

Breakout London Timeframe
 
London Session Profit & Intra-week Profit OR (infinity Profit)

1. Normal Setup (London Profit)
Time Frame Focus on H1
Time Frame Entry on M15 (depending on your focus)

2. Alternative Setup (Intra-week/monthly Profit)
Time Frame Focus on Daily/Weekly
Time Frame Entry on H1/H4

Time frame very depending on your risk appetite.


Profit taken:
Intra-week Profit or Infinity Profit (Depends Personal Appetite)
Exit strategy: Depends on the market willingness to give.

Knowledge (MUST KNOW):
Support & Resistance
EMA 20,50,100 (close)
Price Action

YOUR MOST Important Job:
Entry & (keep) & Exit

Monokl Dec 22, 2016 7:06am | Post# 2

1 Attachment(s)
don't buy at resistance area

don't sell at support area


Click to Enlarge

Name: GBPUSDH1.png
Size: 48 KB

Monokl Dec 22, 2016 7:34am | Post# 3

1 Attachment(s)
ALWAYS TRADE with the TREND

Click to Enlarge

Name: GBPUSDH1.png
Size: 44 KB

NO Doubt that it is DOWN Trend

Monokl Dec 22, 2016 7:53am | Post# 4

1 Attachment(s)
My take Long just now

Click to Enlarge

Name: GBPCADH1.png
Size: 56 KB

japfx Dec 22, 2016 11:15pm | Post# 5

sl taken .... thanks

Monokl Dec 23, 2016 7:00am | Post# 6

1 Attachment(s)
GBPCAD really hit my SL yesterday. Loss 29pips.

Today try to setup for AUDUSD. Bias is down.
Will take short once the support is breakout (Blue Area)

Click to Enlarge

Name: AUDUSDH1.png
Size: 39 KB

Monokl Dec 23, 2016 7:26am | Post# 7

1 Attachment(s)
GBPCAD really hit my SL yesterday. Loss 29pips. Today try to setup for AUDUSD. Bias is down. Will take short once the support is breakout (Blue Area) {image}
EURCAD

Just now took Long position. Bias Long
Based on Breakout Pullback Continue (BPC)
Hope the price will continue.

Click to Enlarge

Name: EURCADH1.png
Size: 40 KB

Monokl Dec 23, 2016 7:29am | Post# 8

Normally I will let the pips run as far as it could until Friday.
Due to today is Friday, I will close position with R:R around 1:1

Monokl Dec 23, 2016 8:10am | Post# 9

Fantastic AUDUSD, now is going down. almost 20 pips from my highlight blue area.

What is happening to AUD? is there any big impact news?

Erebus Dec 23, 2016 8:29am | Post# 10

Fantastic AUDUSD, now is going down. almost 20 pips from my highlight blue area. What is happening to AUD? is there any big impact news?
No AUD news, maybe just USD strong.

Check out my Trade Explorer just for this method, except I made mistake with 1 AUD-USD position where I made Buy instead of Sell, oops

Perhaps you can open demo to keep track of your trades, everyone will be asking!

All the best

Monokl Dec 23, 2016 8:39am | Post# 11

NOw, EC is take off UP trend
aim to 1.42 area. Just to increase my TP because I see the power move is quite fantastic.
To take up my losses yesterday 29pips on GBPCAD.

AUDUSD around 30 pips
EC around 25pips.

hope it continue the perform on NY session + Happy Friday.

Monokl Dec 25, 2016 9:55pm | Post# 12

Amateurs practice until they get it right. Professionals practice until they can't get it wrong

Monokl Dec 25, 2016 10:05pm | Post# 13

Theory may raise people's hopes, but practice raises their income

Monokl Dec 27, 2016 1:55am | Post# 14

Every step you take, you get closer to your goal

Monokl Dec 27, 2016 6:04am | Post# 15

1 Attachment(s)
EURGBP

Just Long on it. Clearly it is b/o from London.
Follow the flow as well.

Click to Enlarge

Name: EURGBPH1.png
Size: 44 KB

Monokl Dec 27, 2016 7:17am | Post# 16

1 Attachment(s)
EURAUD

Once b/o the resistance, now it is become support.
Basic info.
Long Bias.

Click to Enlarge

Name: EURAUDH1.png
Size: 40 KB

Monokl Dec 27, 2016 7:19am | Post# 17

How to check whether it is in what TREND?
Secret is in the Price + MA

Monokl Dec 27, 2016 8:23am | Post# 18

1 Attachment(s)
GBPJPY

What trend?
Down Trend.
Short now, probably too close to resistance.
Wait and see the market reaction.

Click to Enlarge

Name: GBPJPYH1.png
Size: 47 KB

KeenPips Dec 27, 2016 8:39am | Post# 19

Hey M8! You will do better by incorporating at least one higher time frame for trend direction and S/R zones. Trade safe and prosper.

KP

Monokl Dec 27, 2016 9:27am | Post# 20

what happen to my GJ? hit my SL. Loss 14pips. Don't give up.
Find another opportunity.

EG -still intact with my trade.


© Forex Factory