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

  • #1,681
  • Nov 24, 2009 10:21am Nov 24, 2009 10:21am
It hit my 3 tps again. I adjusted my tp3 down to 40 pips from 50 as I saw the market moves werent as strong as the previous day and had trouble breaking support areas on its way.
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  • #1,682
  • Nov 24, 2009 11:03am Nov 24, 2009 11:03am
Quoting vatoslocos
Hey Scull.... Do you also use a Setup for the NY Breakout or some other pairs??

What so you think about the post that i wrote before....??


What is your profit from Oktober, 1st to November 24th??
iīve made an manuel Backtest on GPD/USD
Result:
12 Losts: 477pips
22 Wins: 660 pips
Profit: 183 pips

Setup:
SL: Range (maximum 40pips)
TP: 30 pips


many questions... i hope you get some free minute to answer them...

THX

vatoslocos
Hi,

My rules for the New York session for GBP USD are on the other thread "7am - 9am Big Dog USD Breakout" post # 2109. The results from my backtesting are also there. Hope this helps
  • #1,683
  • Nov 24, 2009 11:17am Nov 24, 2009 11:17am
Quoting DubaiTrader
Good work scull. What I'm finding is if London 'breaks out' then the NY box very rarely becomes a decent trade. So, stop nicking the decent trades!!!
Can't help being a pip muncher, lol.
Trade the price action, not the cash!!!
  • #1,684
  • Nov 24, 2009 11:19am Nov 24, 2009 11:19am
Quoting AlinCairo
Hi Scull,

Have been following the brakeout strategy for a while and have adopted your settings as a test for this month, but am confused as to how you have won today?

My low is on the 0715-0730 candle at 522.3. Minus 7 gives an open at 515.3, which mean the trade is still live.

I may have missed a post further with a change, so apologies if this is a stupid question,

Thanks,

al
No probs, i changed my box lines to 5am and 7am which closes at 7.15. Today Short was 16531.8, just made the +30 pips.
Trade the price action, not the cash!!!
  • #1,685
  • Nov 24, 2009 11:23am Nov 24, 2009 11:23am
Quoting Indyfx
Hi,

My rules for the New York session for GBP USD are on the other thread "7am - 9am Big Dog USD Breakout" post # 2109. The results from my backtesting are also there. Hope this helps
Max 60 SL mate, not 40 and lines are drawn at 5 and 7 London time. From 1st Oct o now i'm on about +320 pips, but remember i don't trade mechanically all of the time, i exit trades where i feel appropriate, so your back test will not match my actual results.
Trade the price action, not the cash!!!
  • #1,686
  • Nov 24, 2009 12:45pm Nov 24, 2009 12:45pm
Nice thread!
Right now i trade a breakout system too, their my favourites. This one seams to be a pretty efficient system, there's a similar thread here on FF with some exciting results too, i will give it both a try on demo!

Count me in!
  • #1,687
  • Nov 24, 2009 1:37pm Nov 24, 2009 1:37pm
Quoting Scullmeister
Max 60 SL mate, not 40 and lines are drawn at 5 and 7 London time. From 1st Oct o now i'm on about +320 pips, but remember i don't trade mechanically all of the time, i exit trades where i feel appropriate, so your back test will not match my actual results.
Your results are great. I think that everyone has different requirements out of their trading system. For me I was looking for one that kept the SL smaller so that the return in relation to each position is greater. I have found that for me using a stop loss of 19 pips and entering after 07.15am works best. I am sure that there a lot of different ways that you can set up a system with broadly similar parameters and get good results
  • #1,688
  • Nov 24, 2009 8:30pm Nov 24, 2009 8:30pm
whats your results like with s/l 19

Quoting Indyfx
Your results are great. I think that everyone has different requirements out of their trading system. For me I was looking for one that kept the SL smaller so that the return in relation to each position is greater. I have found that for me using a stop loss of 19 pips and entering after 07.15am works best. I am sure that there a lot of different ways that you can set up a system with broadly similar parameters and get good results
"The person who knows that enough is enough, will always have enough". .
  • #1,689
  • Nov 25, 2009 12:08am Nov 25, 2009 12:08am
Quoting Indyfx
Your results are great. I think that everyone has different requirements out of their trading system. For me I was looking for one that kept the SL smaller so that the return in relation to each position is greater. I have found that for me using a stop loss of 19 pips and entering after 07.15am works best. I am sure that there a lot of different ways that you can set up a system with broadly similar parameters and get good results
Exactly, use the basic principle and adjust accordingly to suit your trading style and that's it.

Happy trading and good luck today!
Trade the price action, not the cash!!!
  • #1,690
  • Nov 25, 2009 1:08am Nov 25, 2009 1:08am
Yesterday was the first loss for the box ending at 7:30 against the slopes for this month.

Still 1 loss from 7 is not bad. Can't win them all.

At this moment everything is blue for today.

Good luck.

  • #1,691
  • Nov 25, 2009 1:13am Nov 25, 2009 1:13am
Quoting maq
whats your results like with s/l 19
Hi,

My rules for the New York session for GBP USD are on the other thread "7am - 9am Big Dog USD Breakout" post # 2109 and post # 2191. The SL on that one is either 29 or 19 depending upon which box you are taking. Or post # 1877 for my London breakout strategy. The SL on this one is 19 pips. The results from my backtesting are also there. Hope this helps

http://cdn.forexfactory.com/images/misc/progress.gif

  • #1,692
  • Nov 25, 2009 1:45am Nov 25, 2009 1:45am
I make it a breakout at 1.6655 for GU. Looks another spirited morning for GU so far..
  • #1,693
  • Nov 25, 2009 1:57am Nov 25, 2009 1:57am
Quoting DubaiTrader
I make it a breakout at 1.6655 for GU. Looks another spirited morning for GU so far..
Hi Dubai,

Are you trading the morning box ? I use 07.15 for my entry. Reached target today + 38 pips
  • #1,694
  • Nov 25, 2009 2:02am Nov 25, 2009 2:02am
Quoting Indyfx
Hi Dubai,

Are you trading the morning box ? I use 07.15 for my entry. Reached target today + 38 pips
I'm not as of yet but looking into it using the same principles I use on NY breakout.

I see another winning day for GU breakout. Easy +30 available.

Well done, indy.
  • #1,695
  • Nov 25, 2009 2:08am Nov 25, 2009 2:08am
Quoting Indyfx
Hi Dubai,

Are you trading the morning box ? I use 07.15 for my entry. Reached target today + 38 pips
Me, too

Nice start into this day....

Good Morning to @all

Now i will look for trading other pairs in this session and learn some new Setupīs(NY Zone)
  • #1,696
  • Nov 25, 2009 2:09am Nov 25, 2009 2:09am
Quoting DubaiTrader
I'm not as of yet but looking into it using the same principles I use on NY breakout.

I see another winning day for GU breakout. Easy +30 available.

Well done, indy.
Yip.

London open pushed it up.

  • #1,697
  • Nov 25, 2009 2:15am Nov 25, 2009 2:15am
Quoting matlobien
Yip.

London open pushed it up.

Heading for R3.

Good luck with those going for PT2 and PT3.

  • #1,698
  • Nov 25, 2009 2:16am Nov 25, 2009 2:16am
Quoting vatoslocos
Me, too

Nice start into this day....

Good Morning to @all

Now i will look for trading other pairs in this session and learn some new Setupīs(NY Zone)
I also trade USD CAD and EUR JPY on this session my rules are on the other thread
  • #1,699
  • Nov 25, 2009 2:42am Nov 25, 2009 2:42am
+30 again, that's 5 wins on the bounce now, so pressing on nicely

No trade tomorrow due to Thanks Giving in the USA, so should be no volume in the markets.

Good luck if you do.
Trade the price action, not the cash!!!
  • #1,700
  • Nov 25, 2009 3:26am Nov 25, 2009 3:26am
Quoting Indyfx
I also trade USD CAD and EUR JPY on this session my rules are on the other thread
Do you use the same rules wich you wrote down in this post:
http://www.forexfactory.com/showpost...postcount=2109

and wich time do you use for the London session....
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