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GbpUsd 5 min breakout

  • #101
  • Dec 9, 2009 2:39pm Dec 9, 2009 2:39pm
Quoting fxblinkers
Well done today guys.. I had a late night so slept through this mornings open. I spotted a similar method over on babypips and the guy had pretty decent results..you might get a few ideas from his back testing to improve this method even more. See the link below...

http://forums.babypips.com/free-fore...-breakout.html

Hey Cain, I understand this is a basic question but could you please clear up for me the time of the box. I am based in Ireland so my time is GMT. Do you use 8am -8.10am...
7.15 am.
  • #102
  • Dec 9, 2009 2:53pm Dec 9, 2009 2:53pm
Here is my trade today.


48,5 - spread
Attached Image (click to enlarge)
Click to Enlarge Name: 9 dec.gif Size: 22 KB
  • #103
  • Dec 9, 2009 11:56pm Dec 9, 2009 11:56pm
Looks good, yesterday.
Attached Image (click to enlarge)
Click to Enlarge Name: gu5m.gif Size: 22 KB
  • #104
  • Dec 10, 2009 5:29am Dec 10, 2009 5:29am
Sell loss of 40 pips
Buy gain of 40 pips x 2
  • #105
  • Dec 10, 2009 6:11am Dec 10, 2009 6:11am
48,9 -spread for me.
  • #106
  • Dec 10, 2009 6:35am Dec 10, 2009 6:35am
Quoting slade1986
Sell loss of 40 pips
Buy gain of 40 pips x 2
Good for you!
What are your Buy Sell levels slade?
  • #107
  • Dec 10, 2009 7:42am Dec 10, 2009 7:42am
Great work Cain.

  • #108
  • Dec 10, 2009 8:14am Dec 10, 2009 8:14am
Quoting Cashcalf
Good for you!
What are your Buy Sell levels slade?
Sell Order:
Entry @1.62331, Stop @1.62835, Limit @1.61827

Buy Order:
Entry @1.62835, Stop @1.62331, Limit @1.63339

I hope these were correct, if not I'm I made some pips.
  • #109
  • Dec 10, 2009 8:48am Dec 10, 2009 8:48am
Just to see if I'm following correctly, the sell s/l was hit in on the 8:05 bar and the buy t/p was filled around 11:30?
  • #110
  • Dec 10, 2009 8:57am Dec 10, 2009 8:57am
Quoting Bankshot
Just to see if I'm following correctly, the sell s/l was hit in on the 8:05 bar and the buy t/p was filled around 11:30?
9:05 bar and 12:25 bar for me.
  • #111
  • Dec 10, 2009 9:12am Dec 10, 2009 9:12am
OK, thanks.
  • #112
  • Dec 11, 2009 1:29am Dec 11, 2009 1:29am
Hi Cain and all.

Can somebody please post today's buy and sell entries and take profits for me to compare.

Thanks

  • #113
  • Dec 11, 2009 1:37am Dec 11, 2009 1:37am
Quoting matlobien
Hi Cain and all.

Can somebody please post today's buy and sell entries and take profits for me to compare.

Thanks

Mine are:

Long:
Entry 1,6322
SL: 1,6264
TP: 1,6382

Short:
Entry: 1,6263
SL: 1,6322
TP: 1,6203

differences may occur due broker prices
  • #114
  • Dec 11, 2009 1:44am Dec 11, 2009 1:44am
Quoting j0ker
Mine are:

Long:
Entry 1,6322
SL: 1,6264
TP: 1,6382

Short:
Entry: 1,6263
SL: 1,6322
TP: 1,6203

differences may occur due broker prices
Thanks mate

Looks like I got it right.

  • #115
  • Dec 11, 2009 3:50am Dec 11, 2009 3:50am
Hi Guys, It could be a hard one to reach today as it appears there is a triangle forming on the 15 min and price will have to reach its highs or lows from 3 days ago...but you never know..fingers crossed.............. By the way, am I correct in saying that we should leave our orders open until tomorrow at 11pm GMT. I understand this is friday so when do we close our pending orders if not filled???
  • #116
  • Dec 11, 2009 9:53am Dec 11, 2009 9:53am
Good stuff Cain... Out for + 59 pips...

Thanks mate.............
  • #117
  • Dec 11, 2009 10:36am Dec 11, 2009 10:36am
Quoting fxblinkers
Good stuff Cain... Out for + 59 pips...

Thanks mate.............
Same here. I wish we could have an ea for this simple trading system .By the way , I tried this on NewYork open and it worked too. at least for today
  • #118
  • Dec 11, 2009 1:17pm Dec 11, 2009 1:17pm
Quoting fxblinkers
Hi Guys, It could be a hard one to reach today as it appears there is a triangle forming on the 15 min and price will have to reach its highs or lows from 3 days ago...but you never know..fingers crossed.............. By the way, am I correct in saying that we should leave our orders open until tomorrow at 11pm GMT. I understand this is friday so when do we close our pending orders if not filled???

Good question FXB.
  • #119
  • Dec 11, 2009 1:19pm Dec 11, 2009 1:19pm
Looks like a s/l on the buy and a t/p on the sell, is that what everyone had?
  • #120
  • Dec 11, 2009 2:06pm Dec 11, 2009 2:06pm
Had to travel today, and couldn't watch the trade to double up on the sell. So i modified my stops to 80% and lost 44.9 pips on the buy and made 55.9 on the sell. 11 pips, better than nothing.
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