Regards,
Muthu.
Chennai.
India.
+45
+80 on offer if exited properly.
I watched the EURUSD this morning for a minimal +19pips.
How do you identify which will be the more profitable of the pairs to trade the breakouts on open? Iâve just started following the system every mornind and even though Iâm waking up at 3:00am EST to try it out, I do like itâs simplicity.
Go back in time on your EU & GU chartsâŚ1h TF.
And all shall be revealed to ya. 
shouldnât GU generally have bigger breakouts due to itâs higher volatility? There would be exceptions of course but in general? Iâve got both those pair on one chart now (thanks SM) and doing a comparison
If I had a choice (I actually only trade the breakout on GBPUSD), I would pick the pair that had the most room before the next SR point and the one that had the most momentum that morning. You can use an SMA to measure this if you want but you can just see it on the candles.
You donât want to see volatility. Itâs deadly because of the pullbacks and resulting spikes.
You wanât to see areas of price were you have had breakouts in the past without volatility. In those areas of price you have a very high probality that PA repeats itself.
Take a GU 1h TFâŚzoom in and have a look @different areas of price. Also have a look @coresponding candles and time of the day.
Thatâs what you want to see in a breakoutâŚsolid candles with very short wicks and steep PA angle.
There is hell of a lot more to trading breakouts than simply taking a signal of a trendline break.
well Iâve been reading up on volatility and getting a better understanding of it so I can see your point.
forex tareding not a chaild playng game
Looks like it has more pips. However, this was where my point of exit happened.
Regards,
Muthu.
Chennai.
India.
Not a good trade off the upper trend line break. I exited with a loss and took it when it broke the lower trend line ** No rules followed here. This trade was break even
