What's the best pair to be traded during 5 pm - 12 am pacific time?

Hi all,

What’s the best pair(s) to be traded during 5 pm - 12 am pacific time?

Thank you.

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Why don’t you take a look at the [B]GBP/USD Breakout Strategy[/B] that several of us have been using to make steady pips.

With this strategy, you will do nothing until 9pm Pacific Time. Then you will spend 10-20 minutes analyzing one pair, on one chart, and you will place entry orders — one Buy Entry order and one Sell Entry order, together with stops and limits.

After that, you spend as much or as little time as you like, until 11pm or 12am (your time), when a breakout typically occurs.
At that point, one of your Entry orders has triggered, so you cancel the other Entry order.

Then you decide whether to go to bed and let the trade run, or stay up and manage the trade. Either way, the trade will typically close in a matter of minutes, not hours.

Here’s a link to the thread where we have been testing and discussing this strategy: 301 Moved Permanently

Clint

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that would be the asian session… starts at 4 pm… try the yen pairs

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Thanks Clint. :smiley:

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The link to the strategy isn’t working…

Hi,

You’re right about the link. Back in 2016 (I think it was), Babypips moved to a new outside provider of forum software. The software in use now is called Discourse.

Some stuff – some links, some images, and some formatting (bold type, italicised type, underlining, etc.) – did not survive the change-over. That’s why we experience issues with older threads in the archive.

The thread that I linked to, that you can’t access directly, was from way before the 2016 forum change-over. You are aware that you are dredging up an ancient, almost 10-year-old thread, aren’t you? :rofl:

Anyway, I have riden to your rescue and located the stray thread. It was started in 2009 and was very active for 10 months. Then it disappeared into the mist.

Here’s a LINK to the first post in that thread. Note that the entire thread is over 1,500 posts, so you probably won’t want to read the whole thing.

The thread title (Win ratio) doesn’t reveal the subject of the thread. The subject of the thread is
The London Breakout Strategy. Trevor Pickering (screen-name TREVPICK001), the original poster, who started that thread, did not invent this strategy. He named his thread Win ratio to indicate the success he was having with the strategy.

You can read his brief description of how the strategy is set up and how it works in post #11 of his thread.

Basically, just to bring you up to speed on this strategy, it looks at the GBP/USD pair during the time period from 19:00 (7 pm) London time to 05:00 (5 am) London time.

A chart displaying any time-frame can be used. (Note: smaller time-frames, such as 15m, work best.)

The highest high and lowest low occurring during that 10-hour period are marked on the chart with horizontal lines. These lines become the basis for two pending orders to be placed immediately after the close of the period (that is, at 5 am London time).

One pending order is a BUY STOP order placed 6 pips above the highest high of the 10-hour period, along with a SL and a TP.

The other pending order is a SELL STOP order placed 6 pips below the lowest low of the 10-hour period, along with associated SL and TP.

Position size, stop-loss, take-profit, and money-management rules are at the discretion of the trader.

Trevor has disappeared from this forum, as have most of the people who participated in his thread, so we have to talk about him in the past-tense.

Trevor suggested that, as soon as one pending order was triggered, the other pending should be canceled. Then the trade can be left to run, without further intervention by the trader – either the TP or the SL will be triggered, ending the trade.

I would add that if OCO (one cancels the other) is applied to both pending orders, then there is no need to manually cancel one of the two orders. In that case, the trader could log into the trading platform a few minutes before 5 am (London time), set up pending orders, and be done for the day a few minutes later. Then, no matter what transpires, only one pending order will be triggered, and the trade will close automatically when either the TP or the SL is triggered.

As for trading times in the U.S., 5 am London time is midnight in the eastern time zone, 11 pm in the central time zone, 10 pm in the mountain time zone, and 9 pm in the pacific time zone. These times apply to both standard time and daylight saving time, EXCEPT for 3 weeks in the spring, and one week in the fall, when the U.S. and U.K. begin or end daylight saving time on different dates.

Try this strategy. See whether you like it, and whether you can trade it profitably. Then, let us know.

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its a very nice description with long information , got so many fine lines . thanks for your nice post again.