You just wanted the 1,000th post didn’t you - cheeky git 
You were just waiting eBay style until the 999 post had come up…
Great thread, lots of good advice, lot of reading time and effort on everyone’s behalf 
+1
Hi Clint,
Actually even Oanda shows 1.66074 on the 5min chart yet it did not trigger.
Sometimes spikes are too fast and sometimes they are even phantom like.
Actually, I think they just wanted to get MY pips no matter what it takes.
That’s how important I am on FX.
I keep my 30/50 so far with few exceptions it seems the best R/R regardless what system I am using.
Here is an other evening again and Friday too, :), so far I like the narrow range it is in, should get a MC soon on M30. 2 MC are past on 15min. too early right now.
Beat you to it, huh?
You can have #2000.
1000 !
Clint deserves the honor, congratulations, good job !
Tokyo is making a habit of this:
These big plunges starting at 23:30 GMT (plus or minus 15 minutes) are becoming a habit.
An overview of Wednesday night, Thursday, and Thursday night:
I’m guessing that the Period LOW has been put in for tonight.
So far, looking at price action, S/R, news, etc., I don’t see anything special about tonight’s set-up. If the GU is well-behaved over the next 2 hours, I think you can place your orders as usual, and expect a typical breakout early Friday.
That’s something I’ve noticed before, It generally coincides with the Sydney Tokyo overlap along with an increase in tick volume. there are other seemingly repeating patterns also. Not always a big plunge, but there is often a drop around that time. Look back at previous nights.
I’ve heard of flea markets so would this be a… tick market? hahaha
I amuse myself sometimes.
I’m going to place my orders soon, I can’t make it to midnight, what am I going to do when I get back to school in a week and am in my last year of engineering. Good luck with your trades tonight!
Notes on the London Overnight Breakout Strategy for Friday morning:
I don’t like the GBP/USD price action over the past hour, at all. For now, I will not be placing a Sell Entry order this morning.
I will continue to watch the chart, and I might enter short on a market order, depending on what I see.
Make your own decision about whether to trade tonight’s set-up to the downside.
Resistance and Support for this morning:
R – 1.6610 – August 20 high (news spike) – trading platforms may differ — STRONG
R – 1.6600 – century mark – STRONG
R – 1.6593 – August 18 high – STRONG
R – 1.6588 – August 20 on the 08:25 GMT candle – this was the day’s high prior to the news spike
R – 1.6568 – August 19 high
S – 1.6430 – August 10 low and August 11 low – STRONG
S – 1.6400 – century mark
S – 1.6389 – August 12 low – STRONG
S – 1.6375 – August 19 low – STRONG
S – 1.6350
Scheduled News Releases:
There is no economic news, out of Britain, scheduled for Friday.
The news out of the U.S. (Existing Home Sales) will not be released until 10am EDT (14:00 GMT), and will not be a factor in the GBP/USD Breakout (if there is one) this morning.
The Period HIGH is 1.6525 (bid). The Period LOW is 1.6436 (bid). The price range is 89 pips.
Entry Orders: I’m modifying my usual Buy order: 40-pip SL to get under the 1.6500 level, and 30-pip TP because there is room before the first resistance level.
BUY 1.6534, SL(40) 1.6494, TP(30) 1.6564
SELL – NO ENTRY ORDER
Good luck, guys.
Clint
Set my orders:
Buy @ 1.65332 with 30/30 tp/sl
Sell @ 1.64293 with 30/30 tp/sl
Also have a price alert at 1.64050 so I can see if it will carry on going downwards within the channel and to previous resistance levels
Good luck people 
I set up my trades a little early, already triggered my short at
1.64580
It stalled just above my 22pip TP, so I just closed it manually. Short night.
I think it will go down some more so was tempted to keep it open.
1000 + posts and a real short friday i like it
The move looked like it happened very early lastnight.
Anyway, 2 wins, 3 losses for the week and +24pips. A below average week
Pretty good night last night, still doing a TP of 20 and a SL of 30;
So last night my sell order was triggered at 11:30 pm and closed out at 11:47pm for 20 pips, I guess it was a good thing that I live like an old man and went to bed.
At 6:04 am my buy order was triggered and closed at 6:14 am for another 20 pips.
Closed my week with +68.5 pips, not bad If I don’t visit this thread then have a good weekend everyone!
Well made it on the buy today. Very nice.
Watched the action on the low/sell and did not really like it so I stayed clear. Good thing too as I would have been stopped out.
Considering that there was no news today would this successful trade on the buy/high side still be part of the London Breakout Strategy since it took place after 5 am EDT (triggered at about 6 am and sold at about 6:30 am EDT)? Anyone have any comments on this?
I saw the Low was close to the end of the period and it certainly looked like Clint was right to avoid the Sell. I thought I’d adjust the TP on the Sell to just 10 pips and just see if I might get lucky, [I]telling myself if it were a Live account I would not have done so[/I].
But it took a loss anyway, turning back just before the TP. As per the night before, the winning second trade helped mitigate the loss on the first.
Regardless of the numbers, I am happy to say I am feeling more confident watching this movement and understanding how this strategy works.
I was monitoring it last night when it reached the trigger.I did not consider it part of the method 3 1/2 hours after Frankfurt,so i stayed out.Overall positive with this method this week and my own trading .
Everybody have great weekend, see you bright eyed and bushy tailed Sunday night monday mourning!
Clint - I’ve been out of town the past 2 days, just took my oldest son to off to his first year at college!!! Very exciting times.
Here is a copy of my statement - I’m in Eastern Standard Time, Set my orders around 1130pm EST, went to bed, I had set alarm for when order hit sometime during the night, I made a post at that time. Then around 630 - 700am EST the 2nd order hit for another quick 20. Right when I posted that morning. I use GFT Dealbook 360 and my prices are usually 1 - 3 pips different then what you post each night. Could these few pips difference have made the difference here?
Aug 20, 2009 8:15:26 AM GBP/USD STP B 10,000 CR 1.6581 16,581 CR Aug 24, 2009 7:00:00 PM 299898784 0.00 CR 0.00 CR
Aug 20, 2009 8:30:07 AM GBP/USD LMT S 10,000 DB 1.6600 16,600 DB Aug 24, 2009 7:00:00 PM 299898788 0.00 CR 19.00 CR
Aug 20, 2009 10:43:38 AM GBP/USD STP S 10,000 DB 1.6494 16,494 DB Aug 24, 2009 7:00:00 PM 299898734 0.00 CR 0.00 CR
Aug 20, 2009 10:56:55 AM GBP/USD LMT B 10,000 CR 1.6474 16,474 CR Aug 24, 2009 7:00:00 PM 299898738 0.00 CR 20.00 CR
There is an ea that trades our breakout strategy. I don’t use it or endorse it or anything but based on what they say on their website it sets up orders to trade the London morning breakout and if no trade in the first two hours of open then it closes the orders. I’m won’t mention the name of it here because I don’t want to give them a free advertisement. Just thought that was interesting.
Edit… if you click on their download link it’s not active, so you can’t download it or buy it at this time. Don’t know why. If it’s cheap I might consider getting it.
I’m sure we wouldn’t mind if you PM’d us with the link. You could start with me!