Darn, this time it got me, even tough there was a spike up to 1.6603 (30pips).
But, just a spike, never triggered on Oanda. 50pip loss today. (Great start for today :rolleyes:). You win some, you loose some, time to move on 
Buy @ 1.6581 stop @ 1.6551 TP 1.6600
Sell @ 1.6494 stop@ 1.6514 TP @ 1.6474 This one just hit my short order a few minutes ago
donāt take it hard, get over it, the world is still turning and it will happen again.
PS - I was afraid to set my TP over the round # of 1.6600, because it has just barely been getting there the past couple of days before heading back down.
I locked in another 20 pips for the day while I typed this post.
20 on the short side:D
Iāve been reading and demo this method and last night was my first live trade with it
I went to bed after setting the two entry orders - and they both triggered during the night. The Buy took the 30 SL, but the Sell hit the 20 pip TP 4.5 hours later.
Trev when u started the thread u had 111 wins and 2 losses, can u please give us an update on the results. Reason iām asking u is coz everyone else seems to have modified ur system ur the only one trading the original system i think
thank you for sharing
I had my buy order triggered which was stopped out for 30 pips, my sell order was triggered around 6 this morning and reached itās TP so overall Iām down 10 pips not too bad considering I reached my TP all this week so far.
Lost on the buy but made on the sell. So overall net loss of 10 pips for day. Not bad.
The buy in my system got tiggered as the sell price hit a high of 1.65782 (actual buy price high would have been about 3 pips higher at 1.65812) (at about 2:38 EDT/ 6:38 GMT) just before hitting my SL. Had my buy not triggered at that point than the buy would have been triggered later at 8:30 GMT (trading the news) and the buy would have been a profitable trade too, however even that appeared to only be a quick āone timeā fast high to 1.66047.
Looks like the pending news at 8:30 GMT prevented the high from breaking through at about 6:38 GMT.
Knowing it was a ānewsā day I only took half my normal position so my total dollar loss was half what it would have normally been.
Clint,
Overall even though we lost today your analysis was excellent. Going with the earlier high (at about 13:11 EDT) was a great idea (I got stopped out because of about 4 pips but my buy could have just as easily been avoided had the buy price only hit a high of 1.6577 or less - so again great call here). Also revealing that the 8:30 GMT news was coming and its possible related impact (high impact) was bang on.
Had the 8:30 GMT news been one of low impact than I think we would have had our break out to the upside.
It seems that several of us had the -10 net over both trades triggering. Since it seems we were mostly all using the 20/30 ratio, looks like the original 10/30 would have been worse - the SL would still have been triggered on the first trade, and the second would have yielded less profit, thus magnifying the overall loss for the day.
So I seem to like the 20/30. Did anyone fare differently using the 24/48 or 30/50 ratios?
Hey Talon, youāve been doing the 20TP 30SL for a while longer that I have, whatā s your success rate thus far?
Hi all, new to trading, been demoing this system for about a month now. Thx for this system.
Ive been live trading for little over a week now with 8win/2losses with 25SL/25TP 6pip buffer.
My account is up about 30%.
Thanks to Clint for your Chart Analysis, it really was a big help for a newbie like me. Keep it up! If your ever in California Ill buy you a beer.
Actually I may not be the best one to ask since Iāve been experimenting with different TP and SL a lot. Thatās one of my problems, not sticking to one thiing long enough to know if it works. I think Iām going to try a 50pip SL because the last couple losses would have been wins if I had a bigger stop loss
Do you want me to run some different TPs and SLs through an EA over the last 3 months of data for you?
It hasnāt changed much since the initial post I discussed with TREV: Different TPs and SLs with win ratios and win amounts.
I can redo it for the last 3 months - remember this is a guide, it doesnāt take into account any of the things you should also be doing, which include S&R and trendline analysis.
I reckon you should stick to one strategy, flipping all over the place wonāt prove anything. Itās like when someone discovers a strategy on one pair and then immediately goes and tries it on all the different pairs at the same time. Why not just use it on the 1 that you know works best? You can always increase your lot size on that 1 pair rather than than trade smaller lots on multiple pairs.
[B]Thursday morning re-cap:[/B]
Glad to hear that some of you made pips this morning.
It didnāt work out so well for me: long at 1.6578, stopped out at 1.6548. Then later, or course, the news-spike took the price past my previous TP.
Also, I had set up my Buy and Sell entry orders as OCO orders (one cancels the other), so my Sell order went away as soon as my Buy Entry was triggered. In hindsight, when I saw the news-spike fail to launch a big breakout to the upside, I should have put my Sell Entry order back on. I wish my foresight was as good as my hindsight!
[B]Merchantprince, ReaperKK, and Firstfx,[/B]
You guys did well to salvage most of your long loss, with a short profit. Playing both directions was the correct strategy this morning, but itās not always the correct strategy. At the beginning of this thread, Trevor advised canceling the second order, after the first order has triggered.
The theory is that when the market transitions from the Asian session to the European session, a breakout is likely ā but there will be only one breakout, not two. So, whatever happens to your second Entry Order, whether good or bad, will NOT be the London Breakout; it will be something else. You can play that āsomething elseā if you want to. Just understand that the London Breakout Strategy is over for that day.
[B]Jack B Pip,[/B]
Iām trying to understand how you made 20 pips on the upside, based on the numbers you gave us. According to my chart, the only way you could have made that trade is if you waited until 4am EDT (08:00 GMT) to place your Buy Entry order. Otherwise, you were stopped out on the 2:45am EDT candle (06:45 GMT). Am I missing something here?
[B]Oskar,[/B]
Watching the action this morning, I thought you escaped the stop-out, with your 50-pip SL. Tough luck, my friend. My chart shows the news-spike hitting 1.66095, so on my platform you would have made your 30 pips. (Your should switch to FXCM-UK.)
Iām getting tired of these summer doldrums, and this go-nowhere market. Iāll be glad when the GU gets out of this rut that itās in, and re-establishes a trend.
More later.
Clint
just went back to re-read that. 24/48 seemed to be best. Is that what you are using now? If you donāt mind running it again for the last 3mos it would be interesting to see.
Iāve been demoing and following this strategy for a while now and will hopefully (if everythings suitable) make my first live trade in the morning (Im in the UK), just off to bed for a few hours first.
Anyway, thanks to Clint, even though you obviously never knew it, Iāve been following your advice for this strategy so willl hopefully carry on being a good strategy to follow overall!
See you in a few hours folks 
I traded a buy with 30 T/P with 50 S/L. My buy was triggered and although my take profit was hit, Oanda increased the spread on the news candle to 11 pips from 2. The market retraced and I was stopped out for a 50 pip loss. My sell order expired just before the breakout on the down side.
I think the 50 S/L is the best overall but may consider reducing my profit target.
Thanks to everyone on the thread for views and insights.
Best is a matter of opinion It won the most money but that was running the same lot sizes on all options (1 lot), the winning percentage is much nearer 50:50 so you could just as easily target less but increase the lot size and get nearer your 80% win region.
Iāll rerun it with a few options and see what comes up, I meant to do this once a month to keep rechecking but been busy recently.
TREV has a couple of posts a few pages back aboutā¦I think it was 50SL:50TPā¦canāt remember.
Actually, I use 22/45 at the moment with a move to breakeven at 30. If itās a proper breakout, the breakeven rarely gets hit.
We were gonna try a stepped trailing stop to catch those bigger moves but been finding it difficult to get any set of steps to trail that donāt get stopped out early.
[B]Trevor,
Look at what you started!
This thread has grown to 100 pages, 1,000 replies, and over 29,000 hits (views).
If we keep this up, weāre going to break all kinds of BabyPips records![/B]