Breakout City Baby!! | Forex Factory

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Breakout City Baby!!

  • #1
  • First Post: Edited Dec 6, 2015 11:56am Dec 5, 2015 6:42pm | Edited Dec 6, 2015 11:56am
Only breakout trades, which means entries on the actual breakout or on pull-back to breakout level should be posted here, on any pair, bearish or bullish. Please post as soon as you take the trade, or post the setup in advance, explaining how you are going to trade the breakout when it happens. If you are not sure what a breakout is, please do the research before posting setups here. Upload a chart, including SL and TP target(s)...

I have not been active on FF for a while, currently scalping on futures, which does not allow any time to post setups.

But if/when I have time, if I see some solid breakout setups on higher time frames, I will post here.

Primary reason for starting this thread is for any traders who are interested in a 60-70% minimum win rate strategy, and focusing only on breakout setups. It would be great if we could get a lot of like-minded traders together on this, sharing breakout trades here in real time on various currency pairs.
  • #2
  • Dec 5, 2015 6:49pm Dec 5, 2015 6:49pm
Here is an example of an ideal breakout setup in my opinion on M5 of UJ earlier this week...

From left to right, the first blue box is consolidation, which price breaks out of, the right-most top blue line would be the entry point, SL would need to be below the bottom blue line, the stop sign the TP.

I always go for +1 R only, which allows for higher win rate. In this case, SL would need be 10-12 pips, with a 10-12 pip TP target.

Usually a few setups like this occur on any given day on just about any pair...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM5.png Size: 56 KB
  • #3
  • Dec 5, 2015 7:06pm Dec 5, 2015 7:06pm
Here's a bearish H&S, with price consolidating at the right shoulder. H&S failed with a nice bullish breakout. Only problem with this is no pull-back to get a good entry. I'd probably be tempted to chase the price with a setup like this. But the best way to play it I think, would be to put a pending buy above the right shoulder (green line), assuming the H&S would fail, as price is in an uptrend.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM5.png Size: 55 KB
  • #4
  • Dec 5, 2015 7:12pm Dec 5, 2015 7:12pm
Just some examples from this week, posted above. Look forward to live trading next week when market opens...
  • #5
  • Dec 6, 2015 3:44pm Dec 6, 2015 3:44pm
I'm in. I play on London breakouts, exclusively on GBP/JPY.

I wait for the break of the Asian session box, in the direction of the trend (check W and D charts). Then I take whatever market is willing to give me - usually keeping position until it reach R1/S1. If it cut through R1/S1, I might keep it until RdH/RdL. Also, I always close it in the evening, usually at the end of London session.
Shift happens...
  • #6
  • Dec 6, 2015 4:26pm Dec 6, 2015 4:26pm
Quoting blackgeorge
I'm in. I play on London breakouts, exclusively on GBP/JPY. I wait for the break of the Asian session box, in the direction of the trend (check W and D charts). Then I take whatever market is willing to give me - usually keeping position until it reach R1/S1. If it cut through R1/S1, I might keep it until RdH/RdL. Also, I always close it in the evening, usually at the end of London session.
Cool

Breakouts and pivots. Look forward to your posts...
  • #7
  • Dec 6, 2015 5:29pm Dec 6, 2015 5:29pm
Pending order picked up on little EU breakout/pull-back, with 30 pip SL and 30 pip target. Will see if we get a little momentum...
Attached Image (click to enlarge)
Click to Enlarge Name: EUm5.png Size: 49 KB
  • #8
  • Dec 6, 2015 7:26pm Dec 6, 2015 7:26pm
GJ/H1, pending buy above current consolidation, 50 pip SL/TP
Attached Image (click to enlarge)
Click to Enlarge Name: GJh1.png Size: 46 KB
  • #9
  • Dec 6, 2015 7:38pm Dec 6, 2015 7:38pm
gold pending buy on potential breakout above H1 consolidation (338 pip SL/TP)
Attached Image (click to enlarge)
Click to Enlarge Name: goldH1.png Size: 22 KB
  • #10
  • Dec 6, 2015 8:20pm Dec 6, 2015 8:20pm
UJ H1, 30 pip SL/TP
Attached Image (click to enlarge)
Click to Enlarge Name: UJh1.png Size: 36 KB
  • #11
  • Dec 7, 2015 5:59am Dec 7, 2015 5:59am
Gold break-out. Confidence in this trade allowed me to enter earlier on the 15m chart. Normally I use the 1H & 4H for break-out confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 34 KB
Combat crazy markets with crazy trading
  • #12
  • Dec 8, 2015 4:22am Dec 8, 2015 4:22am
Hi CrazyOz,

What indi are you using on the chart? It looks good.

Thanks,



Quoting CrazyOz
Gold break-out. Confidence in this trade allowed me to enter earlier on the 15m chart. Normally I use the 1H & 4H for break-out confirmation. {image}
  • #13
  • Dec 8, 2015 5:05am Dec 8, 2015 5:05am
Quoting antonsatu
Hi CrazyOz, What indi are you using on the chart? It looks good. Thanks, {quote}
Half Trend. Loaded twice.. One set at 6. The other at 2.
Combat crazy markets with crazy trading
  • #14
  • Dec 8, 2015 1:58pm Dec 8, 2015 1:58pm
thought of putting a pending order above recent UCAD consolidation, too bad I did not, up 200 pips now from breakout. Maybe consider a buy on a pull-back around 1.34 with 50 pip SL...
Attached Image (click to enlarge)
Click to Enlarge Name: UCADH4.png Size: 42 KB
  • #15
  • Dec 8, 2015 6:01pm Dec 8, 2015 6:01pm
CrazyOz,

Thanks a lot.
  • #16
  • Dec 9, 2015 6:51am Dec 9, 2015 6:51am
Had some PMs for the "Half-Trend" indicator so I will post it here.
Attached File(s)
File Type: mq4 half-trend.mq4   6 KB | 1,062 downloads
Combat crazy markets with crazy trading
  • #17
  • Jan 10, 2016 6:53am Jan 10, 2016 6:53am
Quoting CrazyOz
Had some PMs for the "Half-Trend" indicator so I will post it here. {file}
Is this your own indicator or is it commercially available and is there a users guide?

Robert
Just wish I could code
  • #18
  • Jan 10, 2016 7:12am Jan 10, 2016 7:12am
Maybe a setup on M5 for a breakout on AUD/CAD pending sell at 0.9840 sl 0.9850 tp 0.9820 depending on your RR, unfortunate because now over weekend so going to be a gap in some direction, also i had a look at this on higher time frames, could be a breakout below this support level at around 0.9840 ish so maybe a lower TP, i wouldnt have one on this trade and just trail my stop, anyway i like this thread so keep it updated.
  • #19
  • Jan 14, 2016 6:08pm Jan 14, 2016 6:08pm
Quoting Robert52
{quote} Is this your own indicator or is it commercially available and is there a users guide? Robert
Free to all.. Use it as you want. I set one at 2 & the other on 6. No trades when price locked in between.
Combat crazy markets with crazy trading
  • #20
  • Mar 9, 2017 1:40pm Mar 9, 2017 1:40pm
Quoting CrazyOz
{quote} Free to all.. Use it as you want. I set one at 2 & the other on 6. No trades when price locked in between.
and the candle Indi?
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