London Forex Rush System

Has anybody tried trading this system for an extended period of time? It involves intra-day trading on all GBP pairs during the first two hours of the London session. I know the market is very volitle during this time but the system allows you to input your account balance and risk tollerance so you can only risk a certain amount of your account.

Everything seems pretty good when I casually browse the system, anyone have any thoughts about it? Thanks.

Hi Shark, Can u explain the system please with details ? Nerry.

London rush is the london equivalent of the big-dogs system I believe. Instead of hour before and after US open. it's first 2 hours of london open.

Nerry, the London Forex Rush only trades during the 1st two hours of the London market. It records the high and low from the Toyoko session and if the overall trend for that currency is up, then once the London session hits 5 pips above the Tokyo high, it goes long. Same goes for going short if the overall market is in a downtrend. It typically risks about 60-70 pips and shoots for a target around 90-130 pips.

It's based on the open-range breakout strategy that has been traded in the world of stock markets for ages. It attempts to predict an overall trend for the day based on the tokyo session and the first 2 hours of the London.

Extensive research done here:

http://www.forexfactory.com/showthread.php?t=19499

I used to trade the London open in my early years. Nowadays, I don't like getting up (EST), but as I recall, the breakouts of the Tokyo session were very good predictors. I'll have to search my computer and see if I can put together some stats from my time trading it.

shark, i traded this system for a while... wasn't all that impressed really, but it was alright. what about you?

London Forex Rush System review

Guys,

I have ditched London Forex Rush and am now trading London Forex Open - It only trades cable not the other GBP crosses but is reliable and profitable - hbeen using just this year - will report back.

W