Best Thread GBP/USD Breakout

Sunday opening is one that scares me as much as leaving a trade open friday night
But worth a try on a mini account
 
HawkTrader said:
You mean playing the gap? "The gap must always be filled" etc?
Click to expand...

That sort of thing. Means having a clear head Sunday night though which might not always be the case.

Been testing this break out on USD/CAD and seems to work well. Gonna give it a try next week. 20 stop/30 tp. Don't think its as reliable as cable !!
 
Claudia123 said:
That sort of thing. Means having a clear head Sunday night though which might not always be the case.

Been testing this break out on USD/CAD and seems to work well. Gonna give it a try next week. 20 stop/30 tp. Don't think its as reliable as cable !!
Click to expand...

May I know how do you trade sunday breakouts? when to go long or short?
 
Hi - I don't trade Sunday breakouts so not sure. Meant USD/CAD during the week like cable.
 
Claudia123 said:
Hi - I don't trade Sunday breakouts so not sure. Meant USD/CAD during the week like cable.
Click to expand...

I also trade the Asian overnight range with USD/CAD too, works very nicely but I don't think you get a setup everday like with Cable. Some days it doesnt break until noon.
 
HawkTrader said:
I also trade the Asian overnight range with USD/CAD too, works very nicely but I don't think you get a setup everday like with Cable. Some days it doesnt break until noon.
Click to expand...

I forward testing it from tomorrow with reduced stakes. Be good to trade 3 or 4 morning breakouts. Don't think my head or pc could handle any more. :confused:
 
Claudia123 said:
I forward testing it from tomorrow with reduced stakes. Be good to trade 3 or 4 morning breakouts. Don't think my head or pc could handle any more. :confused:
Click to expand...

Let us know how it goes Claudia. :)

By the way, just wondering. How do you cope with the Asian breakout when price breaks immediately after 6:59am? Do you quickly scramble an 'Order to Open' or just come in at market price?
 
HawkTrader said:
Let us know how it goes Claudia. :)

By the way, just wondering. How do you cope with the Asian breakout when price breaks immediately after 6:59am? Do you quickly scramble an 'Order to Open' or just come in at market price?
Click to expand...

Come in at market price - might miss a few points but these are normally the quickest trades as the market is obviously moving strongly in a direction.
 
Claudia123 said:
out at 49 wooooooooooooo
Click to expand...

morning 71 to 49 a good start.

I dont do EAs as I don't like Metatrader and I am not sure about aout trading, but I write prorealtime indicators which I use with alerts. I hope this might help specially if you start watching more pairs.

Charles
 
I've been watching 9 pairs over the past few months, and for low risk, cable is by far the most consistent. Personally if I can take these 20 - 30 pips most days, it will be a case of increasing stakes, and not looking for more pips that will keep me smiling.
 
wil68 said:
I've been watching 9 pairs over the past few months, and for low risk, cable is by far the most consistent. Personally if I can take these 20 - 30 pips most days, it will be a case of increasing stakes, and not looking for more pips that will keep me smiling.
Click to expand...

Probably the right way to go. 400 pips a month makes a good living for little effort. I finished for the day now
 
You must log in or register to reply here.

Similar threads

D
GBP/USD Forex Breakout System
Replies
0
Views
3K
Davidee
D
Chad Seven
Breakouts
7 8 9
Replies
170
Views
26K
Chad Seven
Chad Seven
A
Trader Girl Forex Trades
2
Replies
36
Views
8K
Andytrades
A
The5ersTF
GBP/JPY – Waiting For The Price to Breakout The Symmetrical Triangle Pattern.
Replies
8
Views
2K
fibo_trader
F
oilfxpro
Hans 123 breakout system
Replies
8
Views
13K
dkv023
D
Top