Breakout numbers for most currencies | Forex Factory

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Breakout numbers for most currencies

  • #1
  • First Post: Edited 2:53pm Jan 4, 2011 2:21pm | Edited 2:53pm
I will be sharing my breakout numbers everyday for most currencies at about 3:00 - 3:30am New York time.
I will only give you the numbers and you decide what you wanna put for stop loss and target profit also if your trading currency such as CHF/JPY then you can ask me and I will try to give you numbers for those currencies also. I use 25-30 pips stop loss, my target is about 25-30 pips but if using trailing stop then your target might be hit with around 100-200 pips. Happy Trading.

Out of 56 trades I only had 3 losses -60 pips
Lybi lydey, lybi vragov.
  • #2
  • Jan 5, 2011 2:22am Jan 5, 2011 2:22am
Buy GBP/USD if it breaks 1.5619
Sell GBP/USD if it breaks 1.5535

Buy EUR/USD if it breaks 1.3324
Sell EUR/USD if it breaks 1.3247

Buy GBP/JPY if it breaks 128.05
Sell GBP/JPY if it breaks 127.43

Buy EUR/JPY if it breaks 109.28
Sell EUR/JPY if it breaks 108.68

Buy USD/CHF if it breaks 0.9522
Sell USD/CHF if it breaks 0.9468

Buy USD/JPY if it breaks 82.27
Sell USD/JPY if it breaks 81.60

Buy NZD/USD if it breaks 0.7679
Sell NZD/USD if it breaks 0.7626

Buy USD/CAD if it breaks 1.0005
Sell USD/CAD if it breaks 0.9966

Buy EUR/GBP if it breaks 0.8540
Sell EUR/GBP if it breaks 0.8490

Buy AUD/USD if it breaks 1.0074
Sell AUD/USD if it breaks 0.9997

Use your own stop loss and target, if you are using trailing stop you can get more pips.
For newbies: I use 30 pips stop loss and 20-100 pips target. If you don’t know what to do then don’t trade, just follow the charts. Happy trading J.
Lybi lydey, lybi vragov.
  • #3
  • Jan 5, 2011 10:16am Jan 5, 2011 10:16am
Quoting Pip Maker
I will be sharing my breakout numbers everyday for most currencies at about 3:00 - 3:30am New York time.
I will only give you the numbers and you decide what you wanna put for stop loss and target profit also if your trading currency such as CHF/JPY then you can ask me and I will try to give you numbers for those currencies also. I use 25-30 pips stop loss, my target is about 25-30 pips but if using trailing stop then your target might be hit with around 100-200 pips. Happy Trading.

Out of 56 trades I only had 3 losses -60 pips
Doesn't make any sense to just give breakout numbers and not tell the people what the expectancy is. How high is the win/loss in relation to how you set stop loss and target? What kind of R:R is needed to make this work?

In the first post you say you use 25- 30 pips on both stops and targets, in the second post the stop is 30 and target is then suddenly at 20 to 100.

I really don't see a point in this thread, except making people lose in the market if you don't provide the stats for different stops and targets values.
  • #4
  • Jan 5, 2011 12:18pm Jan 5, 2011 12:18pm
Quoting Custos
I really don't see a point in this thread
Is this thread leading up to a commercial offering?
  • #5
  • Jan 5, 2011 12:51pm Jan 5, 2011 12:51pm
How about letting us know how you determine your breakout numbers.

thx
  • #6
  • Jan 5, 2011 1:06pm Jan 5, 2011 1:06pm
On the currencies such as eur/usd I use small targets, on currencies such as gbp/jpy or gbp/usd I use big targets up to 100 pips. This is not commercial, I just have been using this system my own for 2 years and wanted to see what people say about it even tho i searched on the net and there is a lot of breakout systems out there.
Lybi lydey, lybi vragov.
  • #7
  • Jan 5, 2011 3:46pm Jan 5, 2011 3:46pm
Quoting Pip Maker
On the currencies such as eur/usd I use small targets, on currencies such as gbp/jpy or gbp/usd I use big targets up to 100 pips. This is not commercial, I just have been using this system my own for 2 years and wanted to see what people say about it even tho i searched on the net and there is a lot of breakout systems out there.
don't know what you wanna expect. What do you want people to say? You don't give stats, you don't give anything, just your breakout numbers. I can come up with random numbers myself as well. Doesn't make it a profitable system. Come up with the stats and a whole system with entries, stops & targets. Then tell us the win/loss and R:R for 10.000 trades. That should be enough to be statistically viable.

Otherwise, please shut down this thread, cause it will just make people lose.
  • #8
  • Edited 6:39pm Jan 5, 2011 6:24pm | Edited 6:39pm
Tell me how to close down the thread and I will do so!
Stop loss is 30 pips away from entrance price.
Why do you say people will loose?
When GBP/USD broke down it went about 105 pips down and check other currencies, if I can't explain well it doesn't mean the system sucks. Check my numbers and look at charts it did break one or the other level and whoever traded made at least 100 pips, I use limit orders. Why do you have to be so against?
Lybi lydey, lybi vragov.
  • #9
  • Jan 5, 2011 6:38pm Jan 5, 2011 6:38pm
GBP/USD went down about 105 pips
EUR/USD went down about 122 pips
GBP/JPY went up about 128 pips
EUR/JPY went up about 40 pips
USD/JPY went up about 115 pips
NZD/USD went down about 64 pips
USD/CHF went up about 158 pips
USD/CAD went down about 33 pips
EUR/GBP went down about 20 pips
AUD/USD went down about 35 pips
Lybi lydey, lybi vragov.
  • #10
  • Jan 5, 2011 7:27pm Jan 5, 2011 7:27pm
pipmaker, Ive read and tried variations of breakout strategies and have seen them work. I have tried the GPY/JPY. Last night the long would have been initiated but stopped out on the reversal before making the 128 gain. On that particular pair, I have learned to expand the S/L. It will work if you got the guts and stick to your guns, because as in all trades, sometimes you will lose. So keep it up! I am looking forward to testing your posts and offer feedback on what I see for the various pairs.
  • #11
  • Jan 5, 2011 7:52pm Jan 5, 2011 7:52pm
Quoting traderzak
pipmaker, Ive read and tried variations of breakout strategies and have seen them work. I have tried the GPY/JPY. Last night the long would have been initiated but stopped out on the reversal before making the 128 gain. On that particular pair, I have learned to expand the S/L. It will work if you got the guts and stick to your guns, because as in all trades, sometimes you will lose. So keep it up! I am looking forward to testing your posts and offer feedback on what I see for the various pairs.
Brother thank you for your honest opinion.
Its very interesting to read your opinion and that's why I started this thread. My opinion is to leave the stop loss as it is about 30 pips to protect gains and your account but on the other hand when I gave the number to buy at 128.05 I put a limit order to buy at 128.20 and as I could see about at that point it started going up. I wouldn't trade currencies such as eur/usd or eur/jpy because sometimes they are too slow and jumping up and down. I wanna concentrate more on 2 pairs GBP/USD and GBP/JPY what ya think?
Lybi lydey, lybi vragov.
  • #12
  • Jan 5, 2011 8:20pm Jan 5, 2011 8:20pm
those 2 pairs are the only ones i have tried. I like the movement, especially during the start of the london session. I find you will get the biggest movement in the 1st 4 hours after the open. After that I look at other pairs and trade for small gains based on short-term signals.
  • #13
  • Jan 6, 2011 2:25am Jan 6, 2011 2:25am
Buy GBP/USD if it breaks 1.5540
Sell GBP/USD if it breaks 1.5489

Buy EUR/USD if it breaks 1.3170
Sell EUR/USD if it breaks 1.3098

Buy GBP/JPY if it breaks 129.27
Sell GBP/JPY if it breaks 128.81

Buy EUR/JPY if it breaks 109.64
Sell EUR/JPY if it breaks 108.89

Buy USD/CHF if it breaks 0.9693
Sell USD/CHF if it breaks 0.9655

Buy USD/JPY if it breaks 83.38
Sell USD/JPY if it breaks 83.01

Buy NZD/USD if it breaks 0.7599
Sell NZD/USD if it breaks 0.7555

Buy EUR/GBP if it breaks 0.8487
Sell EUR/GBP if it breaks 0.8446

Please put 30 pips for stop loss. Before opening buy/sell order please add +20 pips to the price and then open, this is to protect from stop loss being hit too early. For example current price for breakout for eur/usd is 1.3350 for buy, you add +20 pips so you open or put limit order at price 1.3370, cheers to all. DO NOT hold positions for more then 8/9 hours. For your safety you might want to close your positions weather it didn’t hit the target or stop loss.
Lybi lydey, lybi vragov.
  • #14
  • Jan 6, 2011 2:39am Jan 6, 2011 2:39am
I figured same on GBP/JPY - my orders;
Sell 128.77
Buy 129.32
  • #15
  • Jan 6, 2011 2:51am Jan 6, 2011 2:51am
Quoting traderzak
I figured same on GBP/JPY - my orders;
Sell 128.77
Buy 129.32
good job brotha
Lybi lydey, lybi vragov.
  • #16
  • Jan 6, 2011 2:57am Jan 6, 2011 2:57am
I wont let any order start till after reports come out 4:30 EST. i wait & see
  • #17
  • Jan 6, 2011 3:04am Jan 6, 2011 3:04am
Quoting traderzak
I wont let any order start till after reports come out 4:30 EST. i wait & see
Uh mama miya, thanks for bringing that up I even forgot about the news. Yeah I'll add this rule to my notes to make sure check the news out before going in to position. I have pending limit orders so I can cancel them anythime . Also I have about 5 different currencies just in case my stop loss gets hit on with eur/usd so I can make money with other currencies to cover the loss
Lybi lydey, lybi vragov.
  • #18
  • Jan 6, 2011 3:08am Jan 6, 2011 3:08am
glad i mentionrd it BELIEVE ME!!! I've been burned forgetting to check news releases. If I do have a trade ongoing I tighten up S/L untill after everybody settles down
  • #19
  • Jan 6, 2011 3:01pm Jan 6, 2011 3:01pm
WE had news coming out and market didn't behave very good.

GBP/USD hit both of my stop losses because it went like zigzag up and down.

EUR/USD went down about 79 pips so I covered the loss for GBP/USD
GBP/JPY went down only 40 pips so if u had open position it hit the stop loss.
EUR/JPY went down about 79 pips
USD/JPY it was floating in the middle between breaking up or down so no position was opened.
NZD/USD also went up and down as zigzag no position was open.
USD/CHF went down about 40 pips and went up about 30 pips thats a raw calculation so by now we should have closed all positions and we would end up with about 10-20 pips in negative.
EUR/GBP went down about 45 pips so the target is not hit now but you should have closed ur position by now and end up with about 10-20 pips in profit.

Lets hope for the best tonight.
If you watched the charts then go ahead drop you 5 cents.
Lybi lydey, lybi vragov.
  • #20
  • Jan 6, 2011 3:29pm Jan 6, 2011 3:29pm
only traded GBP/JPY stopped out -30 pips.
oh well, see about tonight
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