100 CHF / pure technical - trading the morning hours

Hey there,

in this thread I want to share my trading approach which is a simple breakout. I start with 100 CHF today trading EUR/USD and GBP/JPY.

The approach is pretty simple. Take the 30min candle starting at 8:00 GMT and put a buy stop above and a sell stop below with a SL at the opposite side and a TP which has the size of the SL. R/W is 1:1 obviously.

Additionally I work with a progressive position size calculation. Initial risk is 0.5%. If the trade is a loss I increase the next one to 1.0%, then 1.5% and so on. I stop at 5.0% per trade. If a trade is a success I lower the trade size for the next trade again.

Cheers!

First orders:

EUR/USD
Stop Buy @1.36181, TP: 1.36344, SL: 1.36018
Stop Sell @1.36018, TP: 1.35855, SL: 1.36181

GBP/JPY
Stop Buy @171.262, TP: 171.688, SL: 170.836
Stop Sell @170.836, TP: 170.410, SL: 171.262

Orders for today:

EUR/USD
Stop Buy @1.36104, TP: 1.36268, SL: 1.35940
Stop Sell @1.35940, TP: 1.35776, SL: 1.36104

GBP/JPY
Stop Buy @170.523, TP: 170.882, SL: 170.164
Stop Sell @170.164, TP: 169.805, SL: 170.523

EUR/USD
Stop Buy @1.35562, TP: 1.35738, SL: 1.35386
Stop Sell @1.35386, TP: 1.35210, SL: 1.35562

GBP/JPY
Stop Buy @171.252, TP: 171.477, SL: 171.027
Stop Sell @171.027, TP: 170.802, SL: 171.252

It's always a bit "sad" to start with a drawdown but well, that's how it is currently...

EUR/USD
Stop Buy @1.35524, TP: 1.35800, SL: 1.35248
Stop Sell @1.35248, TP: 1.34972, SL: 1.35524

GBP/JPY
Stop Buy @172.045, TP: 172.348, SL: 171.742
Stop Sell @171.742, TP: 171.439, SL: 172.045