Breakout London Timeframe

for timeframe trading, there is no right or wrong timeframe.

there is only timeframe which suit to your lifestyle, risk tolerance, reward and fear of losing.

I am more prone to H4 as you see my trading example.

but sometimes I also using H1 and M15 (my smallest timeframe)

please let me know if you have any inquiry.

COPPER

nice breakout

S&P 500

looks nice for breakout!

S&P 500

nice to see it

EURUSD

another nice breakout!

USDJPY

this is unbelievable!

the support hold quite some time, now broken

Not risking is the surest way of losing. If you do not risk, risk eventually comes to you. There is simply no way to avoid taking a risk. If a person postpones taking risks, the time eventually comes when he will either be forced to accept a situation that he does not like or to take a risk unprepared.

—David Viscott, M.D.,
Commodity Trader’s Almanac, 1989

The trend is your friend.

—Edwin Lefèvre, Reminiscences of a Stock Operator

EURCAD

Long

EURUSD

Short

Hi Monokl,

It's been quite some time didn't trade London Open Breakout. Today I'm trade few GBP pairs on London Open Market

Price almost hit my TP, H1 candle stick close price reverse so I decided close all my trade manually. Not bad for a 30min trade

Hi Ivy,

still have time for London Breakout trade..

Great to hear about it.

The IMF warns. The institution denounces the attitude of the United States and China, which jeopardizes the global economic recovery expected in the second half of 2019. “While the impact on global growth is relatively modest at this time, the latest escalation could significantly dent business and financial market sentiment, disrupt global supply chains, and jeopardize the projected recovery in global growth in 2019.

this is the recycle news! not much will the change the market decision!.

what we can see the NZD and AUD are in uptrend whereby the market seeking high yield currency to invest.

How about Gold? Price would be continue up to 1300level. strong support at 1270. Bias will be long next week

* Canadian dollar near flat at 1.3440 to the greenback
* Price of U.S. oil falls 0.5%
* Canada's 10-year hits a nearly two-month low at 1.602%

TORONTO, May 27 (Reuters) - The Canadian dollar was little changed against its U.S. counterpart on Monday, trading in a narrow range ahead of a Bank of Canada interest rate decision later in the week. At 9:26 a.m. (1326 GMT), the Canadian dollar was trading nearly unchanged at 1.3440 to the greenback, or 74.40 U.S. cents. The currency, which gained 0.2% last week, traded between 1.3430 and 1.3453.

The narrow range for the currency came as U.S. markets were closed for the Memorial Day holiday. The Bank of Canada is widely expected to leave on Wednesday its benchmark interest rate unchanged at 1.75% as it weighs developments in household spending, oil markets and global trade policy.

The central bank, which has been on hold since October after having tightened by 125 basis points since July 2017, has projected that the economy barely grew in the first three months of the year. Canada's first quarter gross domestic product data is due on Friday.

The price of oil, one of Canada's major exports, was weighed by concerns about the impact on the global economy of the trade dispute between the United States and China. U.S. crude oil futures were down 0.5% at $58.33 a barrel. Still, speculators have cut their bearish bets on the Canadian dollar to the lowest since March, data from the U.S. Commodity Futures Trading Commission and Reuters calculations showed on Friday. As of May 21, net short positions had fallen to 42,236 contracts from 47,588 in the prior week. Canadian government bond prices were higher across a flatter yield curve. The 10-year gained 11 Canadian cents to yield 1.602%, its lowest yield since March 29.

Never let emotions drive your decision-making process.

Never participate in what you don’t understand.

Making mistakes is going to happen.

Always learn from your mistakes.

Hope is not a strategy.

I agree with you. Constantly looking at different timeframes you confuse yourself more than decide in which way to open orders. It is better to use 1-2 timeframes, and trade on them. And what timeframes to open decide in accordance with your trading strategy.

hi KarolNowak,

Great that you find it useful!

Hi,

May I know how do you draw your zones or SnR and how do you react upon them. Thank you.