i hope you all caught breakout..
trend was ok and i close both lots with 60pip.
http://img23.imageshack.us/img23/2320/songu.png
trend was ok and i close both lots with 60pip.
http://img23.imageshack.us/img23/2320/songu.png
FXDD GMT+2 or GMT+3 10 replies
What does GMT shift and GMT shift Sun do in this indicator? 0 replies
MBO = Monday Break Out 8 utc gmt - 7 utc gmt 22 replies
What is the best server time for H4 trading? GMT+0, GMT+1 or GMT+2? 10 replies
web charting package with GMT +2 or GMT 2 replies
Dislikedtas would to clear up the entry time
todays trade triggered at 7.15 gmt to profit if this is the case then 8th july trade which triggered at 7.03 gmt would have lost can you please clear this bit of confusion up as in some post you have suggested to entry after 7.30 gmt = 7.31 gmt (8.31 bst )Ignored
Dislikedi agree maq, showing entries at different times makes for hidden losses?Ignored
Dislikedtas would to clear up the entry time
todays trade triggered at 7.15 gmt to profit if this is the case then 8th july trade which triggered at 7.03 gmt would have lost can you please clear this bit of confusion up as in some post you have suggested to entry after 7.30 gmt = 7.31 gmt (8.31 bst )Ignored
DislikedTime frame does not matter.
Enter as soon as 7 GMT price is broken.( I use 2 pip buffer.)
Yes 8 July would have given you +/- 70 pip loss on the fist buy and a 30 pip win after that if you had a pending sell order.
This is a very easy system.
Hope that helps.Ignored
Disliked16 July also first +/- 60 pip loss and then 30 pip win on opposite order.
Still good profit overall.Ignored
Dislikedtas would to clear up the entry time
todays trade triggered at 7.15 gmt to profit if this is the case then 8th july trade which triggered at 7.03 gmt would have lost can you please clear this bit of confusion up as in some post you have suggested to entry after 7.30 gmt = 7.31 gmt (8.31 bst )
also 16th july a losing trade
i am not trying to muck this i am still seeing this a profitable breakoutIgnored
DislikedPolling is just an ego thing for the thread starter. I don't like to fuel the thread starter ego.Ignored
DislikedDude this doesn't make sense. Why don't you just not vote? He's trying to collect data and all you do is f-it up. C'mon man, you are better than that. Just don't vote then. I am strongly against your thinking here.Ignored
DislikedThis strategy is very profitable but I have just wonder how to avoid lose transactions. Maybe we should focus on main trend and take positions only in one direction the same what main trend... What do u think?Ignored
DislikedI dont mind having a 60 pip SL with a 30 pip TP, providing you are using other methods to cut risk. The fact is that this type of system has ~80% hit rate. Given the way I have traded it over the yrs (its nothing new), you need to make sure your position is required in the market. If a range is too big, stay out. Play the smaller ranges, and if the range is under 60 pips you get a tighter SL.
I see 2-3 losses a month trading london breaks, and usually 15ish wins. There is alot of money left over after the losses.
Keep the routine...Ignored