1 trade a day

Hi Angler

for now GU/ EG/ GC/ EU are still fine, but EJ and GJ have moved very well, even for those four let us see what the last bar would do, may be it will open up the asian box more or it remains as it is

kos

hi all...


I have over 228 pips on GY.....

Its the JPY pairs......I would probably be tempted to not trade these on a long breakout....but this is just opinion no based on any fact...

be ready all there are strong news coming soon

hey all,

sorry, I didn't mean timeframe, but the the start and the end of the asian session. is 22 gmt to 6 gmt the most common one?

hi all...


Not sure about the most common....but I lined my charts up with the thread starter.....so thats what he is using....

I have been following the thread for sometime and looking to see how I can trade it. Everyone has their own comfort levels.

Just a simple question that has started to bug me.

What relevance has the asion market got to the trading range for London and USA? My observations are that when London opens it can sometimes tick above or below the Asion range and then reverse. As there is also a lLondon breakout system I have looked at that also and it seems if youtake the first 30 mins/1hr of that and apply the same principles as promoted here you get a similar result only with less possible downside.

As always I don't wish to push a thread in a different direction just adding my observations to those who may find them of interest.

For the record I have asked my broker what time London really start and he replied 08:00 BST. I can't remeber how that stacks up against previous comments on this and as always I use my own research anyhow.

Regards
Steve

On the London breakout I have been observing 5 min charts and found that using a MACD as a filter greatly reduces the occasional spikes. I don't know if this could help on the Asian breakout, someone might like to look at it.

MCfly,

I trade GBPUSD/GBPJPY/EURGBP/GBPCHF on a M15 TF. I put a buy stop on the high, a sell stop on the low (both with a buffer of 10 pips+spread). I set these orders to expire on the same day, some 6 hours before the close of the day. In case you get stopped out on one side, it happens to take some of the loss back by entering the opposite direction. It happens often that you take profit on one side, then see a reverse and take profit on the other side. I set my Tp target at a fixed 15 pips*4pairs*0.5 lots, that pays me a decent meal most of the time. Succes, Ludo

Hi,
I am a newbie. first of all sorry if the question sounds too daft.
I am based in Uk. What time on the charts I should be looking at? 1200-1400? 1400-1600? 0000-0600?

Thanks.

If you're from UK, then you should be looking from 8:00 AM in your local time, when London opens.

Thanks for the reply. will i be looking for the high & low from 0800-1000?
Thanks

Hi all.....

I see people trying to make this method a no loss method...ain't going to happen....

The market has not been kind in some Pairs using breakout methods... this week...GY has been mostly flat after the Asian session....some other pairs doing a bit better as there againts the US$..

Hi all....


Just a small tip.....this thread has been going for a while now...and questions still coming up about the times....

when answering such questions can we keep the times in GMT only..

IF you dont have a small clock on your computer desktop/wall/desk....it maybe time you find one.....as these question pop up all the time on many different threads....

This is the one I use...its on the computer desktop...nothing fancy...just gives me GMT when set up as Clock...

Nice clock Angler, but I can't find it on that site. Can you assist please?

hi all...


Good point I just looked...does not look like......so let me try find the right place

http://www.nestersoft.com/timeleft/clock.shtml


Remember you only get 1 clock with the free version.....But if everyone starts using GMT...thats all you need.....if you want more times..you have to find one of the many that let you have a few clock.......

Hi all....

Another big move in the GY this afternoon.....this time was a combination of both JPY and GBP rising....

maybe another day to sit out trading GY....for that matter GBP also...

Stick with Eur and maybe another.....just opinion

Angler hi!

thats the same opinion I have, dont know if thats right but we will know at the end of the day

trade well all

kos

someone use London Forex Rush strategy whith original rules? How many trades there indicators shows to trade ?

There may be a better way to trade this with fractal breakouts.

USD/JPY H1

Hi,
Hving started with this thread which I found very useful I have been experimenting with the London opening.

Results are very similar in terms of trades and I am using slightly more pairs and slightly stricter entry conditions to eliminate spikes
.
The big difference though is that the maximum loss/profit is potentially smaller and at present I am looking at exit strategies which are the most important anyway.

My experience over the last few years is that its easy to get in, VERY difficult to get out at the best time. (without being greedy)

"Everything that can happen will happen, eventually"