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Attachments: 0400-0700 GMT Breakout Strategy
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0400-0700 GMT Breakout Strategy

  • #1,481
  • Nov 2, 2009 2:51am Nov 2, 2009 2:51am
Quoting matlobien
Great start to the week.

Yep, not bad mate.

I set my SL to 60 today due to the big move earlier, but didn't need it anyway.
Trade the price action, not the cash!!!
  • #1,482
  • Nov 2, 2009 4:27am Nov 2, 2009 4:27am
Quoting Scullmeister
Yep, not bad mate.

I set my SL to 60 today due to the big move earlier, but didn't need it anyway.
not good on GJ...
  • #1,483
  • Nov 2, 2009 4:39am Nov 2, 2009 4:39am
Quoting wltam
not good on GJ...
Unfortunate mate, i don't trade GJ.
Trade the price action, not the cash!!!
  • #1,484
  • Nov 2, 2009 4:51am Nov 2, 2009 4:51am
Quoting Scullmeister
Unfortunate mate, i don't trade GJ.
Also stopped trading GJ.

Overall I struggle to get parameters to profit from it consistently.
  • #1,485
  • Nov 2, 2009 5:49am Nov 2, 2009 5:49am
re-enter......do anybody..will put back the order after the 1st one SL / hit the TP and back into the box

~~~
  • #1,486
  • Nov 2, 2009 2:18pm Nov 2, 2009 2:18pm
no GY for me, but nice shoot on GU, TP1 and TP2 full profit, i had try TP3 today, it took profit on the BE of TP2
  • #1,487
  • Nov 2, 2009 10:14pm Nov 2, 2009 10:14pm
i dun trade on Tue...seem Tue is not a gd day
  • #1,488
  • Nov 3, 2009 2:00am Nov 3, 2009 2:00am
Well, Tuesday turned out to be a 30 pipper.

  • #1,489
  • Nov 3, 2009 2:02am Nov 3, 2009 2:02am
Quoting matlobien
Well, Tuesday turned out to be a 30 pipper.

yes yes
this tue is gd
  • #1,490
  • Nov 3, 2009 2:27am Nov 3, 2009 2:27am
Quoting wltam
yes yes
this tue is gd
hi, may i just check with u since the london time has changed and becomes later by an hr. hw do ur still get the 30 pips, since the timing range has changed to 0500 to 0800 gmt?
  • #1,491
  • Nov 3, 2009 2:42am Nov 3, 2009 2:42am
Quoting matlobien
Well, Tuesday turned out to be a 30 pipper.

Another 30 pips bagged, well done everyone, just stick with it.
Trade the price action, not the cash!!!
  • #1,492
  • Nov 3, 2009 2:50am Nov 3, 2009 2:50am
Am already making good pips on the 1400gmt to 1600gmt us breakout, I saw the 0400-0700gmt strategy but wasn't clear on it as I was going thru it again today. I realised how it worked so all I want to ask is on what time frame should i draw my lines on is it the same 15mins like the us break out or 30mins as shown on the illustrated chart.

and what is the win to loss ratio for all you that have been using this strategy.
  • #1,493
  • Nov 3, 2009 5:49am Nov 3, 2009 5:49am
Quoting Beelyjay
Am already making good pips on the 1400gmt to 1600gmt us breakout, I saw the 0400-0700gmt strategy but wasn't clear on it as I was going thru it again today. I realised how it worked so all I want to ask is on what time frame should i draw my lines on is it the same 15mins like the us break out or 30mins as shown on the illustrated chart.

and what is the win to loss ratio for all you that have been using this strategy.
Please read all Scullmeister's posts.

  • #1,494
  • Edited 10:22am Nov 3, 2009 10:07am | Edited 10:22am
what confuses me is the US breakout here you say 1400 - 1600 gmt
does the us not open at 1330 gmt?
also whats your tp and sl can you explain


Quoting Beelyjay
Am already making good pips on the 1400gmt to 1600gmt us breakout, I saw the 0400-0700gmt strategy but wasn't clear on it as I was going thru it again today. I realised how it worked so all I want to ask is on what time frame should i draw my lines on is it the same 15mins like the us break out or 30mins as shown on the illustrated chart.

and what is the win to loss ratio for all you that have been using this strategy.
"The person who knows that enough is enough, will always have enough". .
  • #1,495
  • Nov 3, 2009 5:11pm Nov 3, 2009 5:11pm
my sl is the lowest candle between the lines n d highest candle, while my tp is set @ 30 pips
  • #1,496
  • Nov 3, 2009 8:06pm Nov 3, 2009 8:06pm
so to gain 30 pips your s/l could be 60 or 90+


Quoting Beelyjay
my sl is the lowest candle between the lines n d highest candle, while my tp is set @ 30 pips
"The person who knows that enough is enough, will always have enough". .
  • #1,497
  • Nov 3, 2009 8:09pm Nov 3, 2009 8:09pm
Quoting maq
so to gain 30 pips your s/l could be 60 or 90+
the sl so high?
  • #1,498
  • Nov 3, 2009 8:13pm Nov 3, 2009 8:13pm
us breakout sl can be high
from when i was looking at it
just look back a couple of months

Quoting wltam
the sl so high?
"The person who knows that enough is enough, will always have enough". .
  • #1,499
  • Nov 3, 2009 8:42pm Nov 3, 2009 8:42pm
Quoting maq
us breakout sl can be high
from when i was looking at it
just look back a couple of months
which pair is recommend?
TP: 30 SL: 60-90
  • #1,500
  • Nov 3, 2009 8:46pm Nov 3, 2009 8:46pm
g u


Quoting wltam
which pair is recommend?
TP: 30 SL: 60-90
"The person who knows that enough is enough, will always have enough". .
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