[B]d-pip[/B]
Have a look @chart in post [B]#355[/B]…EU hit my T/P @S1=1.4784 yesterday as well…by the end of the day mind you…
Gotta be patient with EU…it’s a slow mover…
Besides…I made a bad call with GU today…bailed out to quickly…not gonna repeat that with EU.
I took a short @ 1.4798 after the bounce off 1.4807, looks good so far!
That 1.4807 bounce knocked off my stop from 2nd position @break even.
So I got one position left…
See how it goes…
stopped out @ 1,4813 but still looking to get back in short … maybe after the news
1.4836 Breakout entry hit T/P.
1.4807 Breakout entry got stopped out @break even.
93 pips is a nice bag full of pips.
I was watching! Wow 93 that’s great… I’m jealous…
I was late getting back in after the news but still picked up a quick 12 or so… maybe 17?
EUR still going down, must be the EU bankers!
Try to get in @the top…when one of the five candles.breaks a trendline each time…and then just wait while managing your stops…it worked for me the second day in the row now with EU.
Also I use Pivot Points with this strategy now. T/P is S… or R… depending what direction EU goes.
Yeah I noticed that’s the strat you used for [B]LOTS [/B]of pips with GU on Friday too.
I’m having a bad week… Yesterday I got spooked on a few trades that went against me and I let them ride too long… waiting for them to come back… So today I’ve been setting the T/P to 10 - 12 pips and doing more short in and out trades than the longer ones, until I get my head back on straight…
Can someone tell me how to set this breakout strategy in newyork time
thanks in advance :)
my time zone is newyork time can you help me with the set up for this london breakout strategy looks it will be 00-04am est
Draw a vertical line on your 1-hour charts at [B]1am EDT (New York time)[/B]. Use some or all of the next 5 candles (1am-6am)
as your 'five candle period".
[B]That instruction is good for tomorrow morning (Friday, October 30) ONLY.[/B]
Beginning this weekend, we will go back onto Standard Time.
So, [B]starting Monday morning [/B](November 2) and going until March 2010, you will [B]draw your vertical lines at midnight EST (New York time)[/B], and use the next 5 candles as your five-candle period.
In each case, the vertical lines you draw correspond to 5am London time.
Clint
hi i have come accross this early london breakout strategy is it different form orignal london breakout
thanks:confused:
1.4729…that’s what I had as entry point…break of trendline.
That looks pretty close to me on your chart…
[QUOTE=wrtm_19;146097]Is this how EU break out looked like?
Regards.
[QUOTE]
This is how i drew mine.
Caught on the wrong side of the news time Cable movement.
GBP Nationwide HPI m/m was less than forecasted. Still it moved up. I am totally at sea with these news time movements. Can someone enlighten ?
Thanks,
Muthu.
