Breakout numbers for most currencies

Hello there..
Pipmaker.. I have reviewed your breakout strategies and it seemed work.
I will be glad following this thread..

(Info from the internet)

Breakout trading is one of the most profitable forex trading strategy. It has the potential of making a lot of pips for you. But it can be frustrating most of the time to trade breakouts as most of the breakouts have a tendency to fail due to the lack of momentum in them. Most of these false breakouts are caused by forex brokers or other big players in the market to take out the small players in the market.
In breakout trading, the first thing that you need to master is how to filter a false breakout from a true breakout. Knowing how to filter a false breakout from a true breakout will give you the confidence to trade breakouts more often successfully.
This false breakout filtering strategy have been specifically developed to take advantage of strong trends in the market that make higher highs, all of a sudden make a low, fail then reverse and make new highs.
If you can find such a trade setup, it has a very high probability of success inherent in it. The reason is simple. Most of the inexperienced players tried to trade the false breakout, got their fingers burnt and were stopped out when the trend again made a u-turn. This leaves only the strong real money big players in the market who reenter the market again in the direction of the trend and push it higher or lower as the case maybe.
How to identify such a high probability trade setup? Look for a currency pair making a 20 day high. Look for it to make a 2 day low in the next 3 days. If it does make a 2 day low in the next 3 days, look for it to trade above the 20 day high in the next 3 days after making the 2 day low. If it does, enter into a long trade by placing a stop loss a few pips below the 2 day low and protect your profits by using a trailing stop.
In the case of a downtrend, look for a currency pair making a 20 day low. Once it does, look for it to make a 2 day high in the next 3 days. Once, it makes the 2 days high, if it trades below the 20 day low, enter into a short trade with the stop loss a few pips above the 2 day high. Use a trailing stop to stay in the trend as long as possible and make as much pips as you can! Good Luck!

Is this the method you use to come up with these breakout predictions?

thx

No, Im only trying to find a way to separate false breakouts from true brekaouts. The breakout numbers that I give is the valid numbers and what we need to concentrate is our stop loss, target, trailing stop, when to espace false breakouts and so on.

Buy GBP/USD if it breaks 1.5473
Sell GBP/USD if it breaks 1.5405

Buy EUR/USD if it breaks 1.3021
Sell EUR/USD if it breaks 1.2975

Buy GBP/JPY if it breaks 129.07
Sell GBP/JPY if it breaks 128.59

Buy EUR/JPY if it breaks 108.53
Sell EUR/JPY if it breaks 108.11

Buy USD/CHF if it breaks 0.9665
Sell USD/CHF if it breaks 0.9637

Buy USD/JPY if it breaks 83.55
Sell USD/JPY if it breaks 83.23

Buy NZD/USD if it breaks 0.7590
Sell NZD/USD if it breaks 0.7549

Buy EUR/GBP if it breaks 0.8425
Sell EUR/GBP if it breaks 0.8398

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.
Don’t forget to check if there’s any news coming out.

I made 167 pips on my account total.

GBP/USD went up about 105 pips.
EUR/USD went down about 70 pips
GBP/JPY went up only 30 pips.
EUR/JPY went down about 117 pips
USD/JPY went down about 39 pips
NZD/USD went up about 85 pips
USD/CHF went as zigzag up & down.
EUR/GBP went down about 98 pips

I traded GBP/USD and got lot of pips from it because I looked at Moving Average which helps you to see which way it is going.

The only reason any of those pairs moved was because of NFP. You already advised to take care of upcoming news. So I don't think any of those trades would have been taken. At least not without huge risk because of NFP.

You are right and I post breakout numbers for all of us to keep and eye on it and just study it even when news come out but I don't make anybody open any positions especially on their live accounts. One of the methods I currently use when news come out is buy low sell high. Well see whats waiting for us next week.

I found one fella who is using break out strattegy. He says he is using 15points for stop loss and 15-20 points for target and he says history gives very good results. I just back tested EUR/JPY and it came out total 170 pips for 2 weeks with about 2 trades loss (-15) each. That was a raw calculation. I want to test it this coming week. Trading about 5 currencies at a time will give you profit or at worse give you breakeven. I would prefer using this method for slower currencies such as eur/usd, nzd/usd, eur/jpy, usd/jpy, usd/chf because 1 pip difference already can make our stop loss hit if using gbp/jpy or gbp/usd however I will be testing out all currencies to pick best ones which match for this method.

What's finally the method you use to determine the breakout limits?

This is a raw calculation from using 15 pips stop loss and 15 pips target.



This is a raw calculation from using 15 pips stop loss and 15 pips target.



This is a raw calculation from using 15 pips stop loss and 15 pips target.



This is a raw calculation from using 15 pips stop loss and 15 pips target.

Are you ever going to explain how you come up with your breakout numbers?

thx

Google First Strike Plus.
It is a breakout strategy that will give you very similar results using a multiplier of 2.

1. Buy @ yesterday high
2. Sell @ yesterday low
TP: 15-20pips SL:15pips

Thx for the reply. It's obviously nothing new and I'm sure that I've looked at something like that before. I'll take another look

thx

Your numbers and mine still don't quite add up..... Especially when you say to add or subtract 20 pips to the open...........

Do you want that someone trade for you? If so then you shoud subscribe to some signal service....

at what time do you determine the breakouts numbers?
I am at GMT+1

GG-TimeBOX

this indicator colors the daily range - red for daily downcandle, green for daily upcandle.
Maybe can it help?

Is it possible to extract the low and high daily in Excel?