GBP/USD simple breakout system

Hello Friends,

GBPUSD Forex Signal for Fri, 14 Nov 2014

Open BUY/LONG GBPUSD at 1.5715
Set Take Profit at 1.5740 / 1.5778 / 1.5815
Set Stop Loss at 1.5665
Open SELL/SHORT GBPUSD at 1.5665
Set Take Profit at 1.5640 / 1.5602 / 1.5565
Set Stop Loss at 1.5715

Hi pino2
Please say at what timeframe you enter to trade?

Pino do you still trade that way?

I think it any timeframe you could find swing high and swing low yesterday.... than put stop order at that price and tp 5 pip

I just manually checked few weeks back from this date, and it seems that it is not near 90% seems closer to 60-70 percent

do u use this strategy?

No, cos 60% isn't that great for a short period of time, and it's hard to test this, also the spread becomes a huger factor when dealing with these smaller ranges.