The only thing that I am having difficaulty when I trade this strategy is when it comes to calculate my money management. For ex. 1 min before the trade that I am getting ready, I have to find out how many pips that I am risking (it is not 60 pips ...

0400-0700 GMT Breakout Strategy

hi Tasciy, I hope you don't mind in your thread that I am sharing my own experience(so far it is short but sweet), because it was the same concept that is why I wanted to add my own rules, but thanks for opening the thread though

0400-0700 GMT Breakout Strategy

hi, thanks for the information, I just realized that I am putting my 2nd line an hour before the opening the euro session, I think the guys from babypips were placing it exactly when the euro opens and my back testing showed that placing an hour ...

0400-0700 GMT Breakout Strategy

a)Yes correct but the only thing that you should know is that for short don't include the spread, include the spread only for long trades. Also the 60 pips could change depends how volitile the market or the pair gets, ATR will measure the ...

0400-0700 GMT Breakout Strategy

hi, I haven't been in that forum for a long time, as soon as I find the thread I will let you know. I got this idea from there and I have also changed it to my likings. For ex their time frame will be diferent then mine and also most of the rules as ...

0400-0700 GMT Breakout Strategy

Yes, I knew this question was coming and yes you are correct with that, my spread is about 1.5-3.5 pips, forex.com has 5 digits decimals. I got lucky and entered to this one about 3.7 pips early that was because I was doing it manual because the ...

0400-0700 GMT Breakout Strategy

hi, you are correct on all but you are confused the way I get to 100 pips. let me explain. I enter with 2 entries, both of those entries reach to 30pips each, one closes with 30 pips, the 2nd order is continueing wth 30pips for another additional ...

0400-0700 GMT Breakout Strategy

hi, if you entered the short trade at 5:30 candle which the low was 1.6388 - 7 pips your entry would be at 1.6381, first TP at 1.6351 and the 2nd TP (if you set up another 40 pips) would be at 1.6311, the price did hit right at 1.6309, in this case ...

0400-0700 GMT Breakout Strategy

I am not great with time differences, if I am not mistaking when 2am EST(my time) euro session opens and right at time I set my 2nd line which is 5am GMT. If you will also notice that between 2am and 5pm lines the price range will not be too high, ...

0400-0700 GMT Breakout Strategy

hi, I know what you mean, this is what happens to me everynight, I set my pending orders or I enter in right away. I then right away put alerts to my cell phone before I go to bed which my brocker provides the alert forex.com, as soon as my TP1 ...

0400-0700 GMT Breakout Strategy

hi, I started about 4 months ago, daylight savings already was changed by the time I was doing this. I believe the daylight savings will happen again august or something if I am not mistaking, what I know is if that happens just cound 1 hour less or ...

0400-0700 GMT Breakout Strategy

wow .5 pips, you are getting that even in the london session? which brocker are you with again? I mean mine gets low as 2 pips but goes up 3-4 pips when london opens.

0400-0700 GMT Breakout Strategy

At very volatile days I do increase the SL to 80-100 pips depends of the daily moving average, then ofcourse I also increase the TP pips as well. I follow the ATR which gives me a good view of the volitility. Because I use the 30 min chart, ATR will ...

0400-0700 GMT Breakout Strategy

adding 7 pips for shorts and 7 + spread for longs allows me to close at least the first position at 30 pips at about 90-95%, the second position aiming for another 40 pips is about 65-70% of that 90-95% win %, it works out very well. I strongly ...

0400-0700 GMT Breakout Strategy

What I do is for short entries I add 7 pips and for long entries 7 + spread usually totals to 10-11 pips, works great.

0400-0700 GMT Breakout Strategy

g/u

0400-0700 GMT Breakout Strategy

finally g/u is coming to live, I am +9 pips

Mister ED's 4 hour Heikin Ashi system

Hi all, First of all this is working well for me, thanks to the authore, but I use different time frame 2-5am GMT, when 5am ends it is exactly the open of the euro session. I do open 2 entries set both 60 pips SL and close the first entry at 30 pips ...

0400-0700 GMT Breakout Strategy

well you had the idea, good luck, hopefully I will enter on that one in the next 2 hours, and hopefully will be positive for all of us about the u/g pair, it should be the opposite of g/u but at the moment it doesn't look that way. g/u is going ...

Mister ED's 4 hour Heikin Ashi system

hmmm ok, I will wait for another bar and that is because of the way the HA formed on my screen, HA looks like a doji candle without any body.

Mister ED's 4 hour Heikin Ashi system