London Breakout 1

Regards,
Muthu.
Chennai.
India.

Muthu,

For Cable with this strategy is the 07:00 GMT candle where you should be looking for the signal? Also if you don’t get a signal in this candle you may have to wait for a later candle.

Many thanks for any advice you can provide.

Grapheve

Hi Grapheve,
Thank you for your feedback. Appreciated. Yes i am trading it early. Sometimes i find there are few pips to grab much earlier so i try to utilize it. I am experimenting this strategy and i started recently.

Regards,
Muthu.

Regards,
Muthu.
Chennai.
India.

Regards,
Muthu.
Chennai.
India.

Muthu
what kind of results are you getting? I like GU the price moves farther, more pips.

What’s your GU chart look like? Here’s mine


Hi TalonD,

Sorry just got back from work hence the delayed reply. Your Cable chart looks very similar to mine (except how the lower trend line was drawn). I didnt trade Cable as my work time clashes with its open. I did not trade for the past two weeks so what ever trade results i got is right here in this thread for you to see. I am setting up my MT4 and i am unable to get the vertical dotted line that shows beginning and end of one day (0000 to 0000). I am using IBFX. I would appreciate any help.
PS My laptop crashed and i am using my desktop to trade and i forgot how to get the vertical line :confused:

Regards,
Muthu.

Hi Muthu,

Just Ctrl+Y to get the “Period Separators”

Hi,
Thank you for your timely help. Wow that looks simple isn’t it ? (until i knew it ofcourse ! )

Regards,
Muthu.

Somewhere in here I posted an indicator that draws three vertical lines at the correct times for this strategy. It puts a yellow line at 5:00 one at 7:00 and a red line at 10:00 GMT,
Those times are adjustable.
look for lbo1.zip

Thank you for your help. Will look for it.

Regards,
Muthu.

Regards,
Muthu.
Chennai.
India.

Hey, Muthu
you have been doing this for a while. Which do you find more profitable, Eur/Usd or Gbp/Usd ?

Hi TalonD,

Sorry for the delayed reply. Just back from work. Cable is more profitable and fast moving than euro. However, euro surprises me sometimes as it rabbits ahead of cable.

Regards,
Muthu.
Chennai.
India.

Muthu… glad to see youve picked up the tourch and run with this strat… most ablely I might add. I dont seem to have the time lately to post here. :o

I would like to trade this strategy but the hours are all wrong for me. but since I am off for two weeks for the Christmas holidays, I figured I would be able to give it a shot.