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Very Simple GBP/JPY Breakout Trade

  • #21
  • May 17, 2007 8:26am May 17, 2007 8:26am
Quoting howard
What is DST?
Daylight Savings Time (DST).

If somebody use broker with fixed (not local) time (eg IBFX - GMT) should remeber that in winter there is different time (in GMT) when London open (8 am GMT ) than in the summer (9 am GMT) - in London of course is always the same 8 am.

Regards,
  • #22
  • May 21, 2007 4:07am May 21, 2007 4:07am
Hi JillyB

If our orders didn't open untill 11am (UK time),we will cancell them?

Thanks
  • #23
  • Jun 6, 2007 11:10am Jun 6, 2007 11:10am
Just wanted to bring this thread back up in the ranking. Not much feedback here, but I like the method and have been trading it for 2 weeks now, with quite good results. Of course there are always fake breakouts on one side, but using some filters or discretion helps u get into the good ones.

Has anyone else been trading this strategy lately?
We leave no soldier behind.
  • #24
  • Jun 6, 2007 11:49am Jun 6, 2007 11:49am
see this: http://www.forex-tsd.com/manual-trad...asian-low.html
  • #25
  • Jun 7, 2007 3:28am Jun 7, 2007 3:28am
Quoting TickJob
see this: http://www.forex-tsd.com/manual-trad...asian-low.html
Yes, I have been using this system for a while now, I posted several replies about my set-up...

very effective...
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  • #26
  • Jun 13, 2007 1:28pm Jun 13, 2007 1:28pm
placed 5 trades since last week and all have been profitable to various degrees.. basically i place limit orders at the high and low of the asian session, set the stops and tps as outlined by jillyb, and close whatever trades have been executed by 5 pm gmt. no filters, nothing else.
  • #27
  • Oct 4, 2007 11:01am Oct 4, 2007 11:01am
Quoting JillyB
You're lucky then. CMC are 8 pips and FXCM 10 pips!
who cares about the extra 2 pips if there is 100+ on the table on gbpjpy
LOL
  • #28
  • Oct 5, 2007 12:24am Oct 5, 2007 12:24am
Hey Jilly

How far outside of the breakout range would you consider a safe entry to be? Is it as soon as the candle touches through or a full 5 minute candle.
Hope the testing is going well, nice theory.
  • #29
  • Oct 5, 2007 8:28am Oct 5, 2007 8:28am
Quoting Steveip
Hey Jilly

How far outside of the breakout range would you consider a safe entry to be? Is it as soon as the candle touches through or a full 5 minute candle.
Hope the testing is going well, nice theory.
I think Jilly is long gone.
She hasn't posted on this thread since May 8.
  • #30
  • Dec 21, 2007 5:37pm Dec 21, 2007 5:37pm
wth is the logic behind this speicifc yesterday's 17:00 to 08:00 of next day? imo, there are better breakout zones ...
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  • #31
  • Dec 21, 2007 7:42pm Dec 21, 2007 7:42pm
Quoting jjk2
wth is the logic behind this speicifc yesterday's 17:00 to 08:00 of next day? imo, there are better breakout zones ...
That's probably why no one has replied to this posting in the last few months. If the post looks dead, assume that the system is too
  • #32
  • Dec 21, 2007 10:07pm Dec 21, 2007 10:07pm
Quoting WHTenn
That's probably why no one has replied to this posting in the last few months. If the post looks dead, assume that the system is too
i was demo trading this breakout method from last 3 months well its been very sucessful.
BK
  • #33
  • Dec 22, 2007 6:04pm Dec 22, 2007 6:04pm
Quoting bksujal
i was demo trading this breakout method from last 3 months well its been very sucessful.
BK
Hi bksujal



Is this method profitable? Could you give me Monthly Average?

Regards
  • #34
  • Dec 22, 2007 6:23pm Dec 22, 2007 6:23pm
Quoting WHTenn
That's probably why no one has replied to this posting in the last few months. If the post looks dead, assume that the system is too
not true. i have found very useful threads overlooked by lack of replies or "stars"


however i agree with u on this system....absolute rubbish...i forgot that this person traded 3 months on DEMO.....
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  • #35
  • Dec 27, 2007 1:21pm Dec 27, 2007 1:21pm
BK -- Show your success to us. Charts, statement from Demo and such...

Greatest Success ***daledane***
  • #36
  • Dec 27, 2007 10:35pm Dec 27, 2007 10:35pm
There are many variations of this system around, check out the thread 8 hour breakout strategy thread or asian high lows breaks they all deal with about the same, they use a zone to set the limits and then define a breakout once that zone is broken (usually during first couple hours of the London session open) there are more threads about that as well that are more directed towards deciding when the breakout will be and deciding which way it will go using pivot points, fibs, trends, PA ... there are many variations around, have fun reading through some, make sure you learn why the system is built the way it is besides just trying it because I think you will understand more about the market and PA

I don't think the system is dead either, while we have breakouts on London open this system will work to some extent, can't say if it will be profitable or not though.
  • #37
  • Jan 1, 2008 7:25am Jan 1, 2008 7:25am
What Happen To Everyone Here.
  • #38
  • Jan 21, 2008 9:54am Jan 21, 2008 9:54am
hi JillyB,

Do you have some Statment of your trades?or some statistics that you make?

Best Regards,
Marcelo Marques
  • #39
  • Last Post: Oct 6, 2008 7:36am Oct 6, 2008 7:36am
Quoting marcelom
hi JillyB,

Do you have some Statment of your trades?or some statistics that you make?

Best Regards,
Marcelo Marques
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