I don't know about you guys but I don't care how many pips I make, what I care is the value of the pip and how much I made, because the pip value will calculate my risk not the amount of pips. So for ex let say I have a 10K mini account, I make sure ...

0400-0700 GMT Breakout Strategy

I am looking at 2008 more carefully now and to be honost there are times that between high and low lines only 20-25 pips, in that case I will not set TP1 to 30 which it will fail because the pair wasn't powerfull enough to move more then it did now, ...

0400-0700 GMT Breakout Strategy

yes you are right.

0400-0700 GMT Breakout Strategy

1. 5:15 2. calculate SL between your entry point and high/low -+ 10. for ex lets say the price was 1000 and say I entered long 10 pips above high at 1010(7pips +3pips spread), and lets say the low was 970 line, so from 1010-970= 40 pips. Right at ...

0400-0700 GMT Breakout Strategy

Ok I am still looking for 2008 and what I noticed is that between the high and low mostly it is about 25-40 pips in most cases, and if you traded TP1 20-25 pips and TP 2 with 30-35 should be fine. Market was ranging and acting differently but again ...

0400-0700 GMT Breakout Strategy

well with 15 min chart I would of entered sooner and I could of at least closed the first entry with 30 pips. 30 min chart allowed me to enter later when the pips were being lost as the price was moving quick.

0400-0700 GMT Breakout Strategy

I am looking at it now, I also have an account with ibfx, I didn't know that they had the strategy tester. Also I would recomend to test with 15 min chart. I am doing a back testing right now again which I did before by eye, but this time I am ...

0400-0700 GMT Breakout Strategy

I had 4 winners and a looser with about 220 pips. I could of had 5 out of 5 if I entered with 15 min chart damn

0400-0700 GMT Breakout Strategy

In this case I place the SL above the high/low points because 10 pips below exceeds 60 pips, let me know I can show some pics if you are still not clear.

0400-0700 GMT Breakout Strategy

I am sorry you are right, I don't know what I was looking at before. The week after that was all 5 winners that week.

0400-0700 GMT Breakout Strategy

hi, I don't know how you tested them but here are some examples from 2008, again I might be wrong but at least my testing was positive from 2008, the week of june 02 untill the end of the week for 5 trades there were 4 wins and 1 loss and guess what ...

0400-0700 GMT Breakout Strategy

hi olie02, I'll trade all 5 days , if SL calculates more then 60 pips between your entry point and low/high + 10 pips, then I will place 60 pips maximum for 30 pip TP1. Most of the time if the SL calculates more then 60pips by a big margin then ...

0400-0700 GMT Breakout Strategy

hi Bobcat, yes you got it bro.

0400-0700 GMT Breakout Strategy

forex.com

0400-0700 GMT Breakout Strategy

I forgot to mention that I would set pending buy and sell orders (if the price is still consolidating). Which ever line breaks I would close the other pending orders.

0400-0700 GMT Breakout Strategy

hi all. Ok guys I will give some full details how I do the breakout strategy. Note: This week Iwill switch to 15min chart, I have back tested it with 15 min chart and I found that if I have used 15 min chart I could of had the TP1 on friday by 30 ...

0400-0700 GMT Breakout Strategy

guys there is another thread in this forum called 7am-9am Big Dog USD Breakout Strategy check it out as well, it is usefull and practise that strategy as well

0400-0700 GMT Breakout Strategy

hehe yes I do cancel the pending orders, I don't want to ask for any trouble. Some days I use to see double breakouts but not anymore, it is a long story. But If I have a winning day I either get 30 pips or 100 pips (the number of pips could ...

0400-0700 GMT Breakout Strategy

I never had any -46 pips SL when my first TP hits for 30 pips profit though, when that happens I make sure the 2nd order breaks even and I don't have a loss, i change the SL to the entry price. I have to check my records but I think I had monday 100 ...

0400-0700 GMT Breakout Strategy

hi, this weekend I will prepare a guidance with my style of rules, I am tied up right now with work. I looked at your chart there and I saw -46 and -48? what are they? and how did you get them? For long if 7 pips + spread and for short 7 pips no ...

0400-0700 GMT Breakout Strategy