Simple Breakout System By Zach | Forex Factory

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Simple Breakout System By Zach

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  • #1
  • First Post: Edited Jun 1, 2017 12:03am May 31, 2017 10:14am | Edited Jun 1, 2017 12:03am
Hi Guys

I would like to share the most simple breakout strategy:

MOST SUIT:INTRADAY TRADER
PAIR:GBP/JPY GBP/USD USD/JPY EUR/JPY EUR/USD GBP/CHF USD/CHF NZD/USD CHF/JPY
BOX:GMT 9PM-5AM(8 HOURS)
TP:161.8 Fibonacci Support&Resistance BOX(THIS IS A MINIMUM TP)
SL:50 Fibonacci Support&Resistance BOX

RULES
LONG:ANY BULLISH CANDLE THAT BREAK RESISTANCE(EARLY SIGNAL)
SHORT:ANY BEARISH CANDLE THAT BREAK SUPPORT(EARLY SIGNAL)
TIMEFRAMES:M15

ENTRY:
INSTANT ENTRY ON BREAKOUT 100 FIBONACCI
PO @ 100 FIBONACCI
PO @61.8 FIBONACCI


TP:161.8 Fibonacci Support&Resistance BOX(THIS IS A MINIMUM TP)
SL:50 Fibonacci Support&Resistance BOX

Attached Image (click to enlarge)
Click to Enlarge Name: breakout by z.jpg Size: 390 KB


#ANY BREAKOUT THAT CAUSED BY NEWS IS NOT A SETUP

MANUAL SETTING(picture above)
  • #2
  • May 31, 2017 10:20am May 31, 2017 10:20am
I will share the indicator for your ease soon

cheers!!!
  • #3
  • May 31, 2017 10:33am May 31, 2017 10:33am
USDCHF ANALYSIS
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  • #4
  • May 31, 2017 10:40am May 31, 2017 10:40am
CHFJPY ANALYSIS

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  • #5
  • May 31, 2017 11:24am May 31, 2017 11:24am
EURJPY ANALYSIS

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  • #6
  • May 31, 2017 11:34am May 31, 2017 11:34am
Thank you for sharing this. Just simple question, why the system trade during low volume hours 9pm gmt --> 5am gmt?
  • #7
  • May 31, 2017 11:36am May 31, 2017 11:36am
NZDUSD ANALYSIS

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  • #8
  • May 31, 2017 11:55am May 31, 2017 11:55am
OK.LETS ANALYSIS WITH GOLD XAUUSD

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  • #9
  • Edited 12:26pm May 31, 2017 12:09pm | Edited 12:26pm
GBPUSD HIT SL

COLLERATION:

USDCHF DOWN
EURUSD UP

GBPUSD UP(ANALYSIS IS SHORT)

Attached Image (click to enlarge)
Click to Enlarge Name: BREAKOUT BY Z FAKE11.jpg Size: 360 KB
  • #10
  • May 31, 2017 12:43pm May 31, 2017 12:43pm
Do you open a trade only if candle closes outside the box?
  • #11
  • May 31, 2017 12:48pm May 31, 2017 12:48pm
Quoting laikos
Thank you for sharing this. Just simple question, why the system trade during low volume hours 9pm gmt --> 5am gmt?

AUSTRALIA IS THE FIRST COUNTRY/OPEN MARKET OF THE DAY AND I CALL IT AS AUSTRALIAN ZONE
SECOND IS JAPAN,KOREA,CHINA,BRITAIN,USA&ETC

WHICH MEANS AUSTRALIAN ZONE IS THE MOST IMPORTANT LEADING MARKET OF THE DAY

EVEN THOUGH AUSTRALIA HAS A 9 HOURS OPEN MARKET,I JUST TAKE IT FOR 8 HOUR ONLY.AS 24 HOURS DIVIDED BY 3=8 HOURS=9pm gmt --> 5am gmt
  • #12
  • May 31, 2017 12:53pm May 31, 2017 12:53pm
Quoting dezil
do you open a trade only if candle closes outside the box?
wait untill candle close outside the box(body only.wick not counted)

breakout can be instant
breakout can be breakout candle first,then the market will pullback&reverse& later on only it continue its journey towards minimum tp

thats why u need to practice&there are 2 types of entries
instant/pending order
  • #13
  • May 31, 2017 12:57pm May 31, 2017 12:57pm
Hope somebody will make an analysis on usdjpy

got to go guys
tomorrow i will post new setup

cheers!!!
  • #14
  • May 31, 2017 11:46pm May 31, 2017 11:46pm
HI GUYS

MY PLAN ANALYSIS FOR TODAY

NO TRADE FOR USD&GBP PAIR

BECAUSE OF HIGH IMPACT NEWS FOR TODAY

SO FOR TODAY I WILL ONLY ANALYSIS EURJPY&CHFJPY

Attached Image (click to enlarge)
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  • #15
  • Jun 1, 2017 12:24am Jun 1, 2017 12:24am
CHFJPY&EURJPY ANALYSIS
JUST WAIT FOR THE BREAKOUT CONFIRMATION

SEEM LIKE THESE TWO CHART LOOKS ALIKE/SAME

MOST PROBABLY THE BREAKOUT WILL BE THE SAME

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #16
  • Jun 1, 2017 8:19am Jun 1, 2017 8:19am
Quoting ErollZach
CHFJPY&EURJPY ANALYSIS JUST WAIT FOR THE BREAKOUT CONFIRMATION SEEM LIKE THESE TWO CHART LOOKS ALIKE/SAME MOST PROBABLY THE BREAKOUT WILL BE THE SAME {image} {image}
BREAKOUT CONFIRMATION

LONG CHFJPY
LONG EURJPY

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #17
  • Jun 1, 2017 9:03am Jun 1, 2017 9:03am
Quoting ErollZach
{quote} BREAKOUT CONFIRMATION LONG CHFJPY LONG EURJPY {image} {image}

OUR RUNNING PIPS SO FAR
U CAN SET BE
OR LET THE MARKET DECIDE TO TRIGGER YOUR TP OR SL

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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(JUST HAVE FUN WITH YOUR FAMILY&FRIENDS&DON'T WASTE YOUR TIME EXAMINED THE CHART WHOLE DAY )

CHEERS!!!!
  • #18
  • Jun 1, 2017 9:15am Jun 1, 2017 9:15am
nice idea .. subscribe
  • #19
  • Jun 1, 2017 1:24pm Jun 1, 2017 1:24pm
Breakout systems have good periods in Forex.
I seen some very good breakout systems in the past.
Good luck.
myfxbook DOT com/members/TopTradeBot
  • #20
  • Jun 1, 2017 3:57pm Jun 1, 2017 3:57pm
GBPJPY
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