Hi All
Just sitting here going through a few of these breakout strategies and looked at the FTSE100 on a 5 min chart.
Do not get your hopes up on this yet but I would appreciate if anyone could help.
I can only go back to 13th June so if anyone could go back further it would be appreciated.
Basically after 8am GMT a Harami candle always seems to appear and the price goes off in the direction of the colour/form of that Harami candle, for a few pips at least - so maybe a good scalping system?
Not sure getting in a trade blind directly after that candle is a good idea, maybe wait for it to go 1.0 pips below (goes in 0.1 steps)
As for stop losses I dont know as I said literally just come up with it now so any comments appreciated.
Can anyone help/ willing to help to look into this further???
Cheers
J