How To Trade The London Breakout Forex Trading Strategy ? – Published in forex trading strategies

London Breakout Forex Trading Strategy. PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE. How To Trade The London Breakout Forex Trading Strategy. This strategy is to be used on the GBP/USD currency pair only and here we have a 60 minute chart of this forex pair. At 8 o’clock in the morning everything kicks off in London – FTSE opens, and trading in currencies increases. The idea is that we’re expecting the money flowing in into the pound or out of the pound into the dollar and we’re expecting that to continue for the next 1 to 3 hours. So we’re looking for riding on this money flow and trying to ride on this money flow as far as we can – until either the momentum dies out or the Dow session opens. We are waiting for the breakout and then getting involved in it. You are really waiting for the big swinger on this one – yes you will hit small signals but occasionally you will get a monstrous day in your direction many multiples of your risk.

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Comment (28)

  1. Hi! My roommate and I have started experimenting with this strategy and what we find is that if we use a pending order on either side it works. However, one sided pending order will go through and now hit our TP but the market will reverse immediately. Thoughts on combatting this?

  2. How many pips are after a day with this strategy? I noticed you didn't mention much about a limit. Would you recommend this on all GBP pairs? Of the 6 GBP's how many days a week do you think they'd give 50pips on this strategy?

  3. Where do you draw the line if the high and low if the previous 3 candles is narrower than the closing 7am candle?

  4. I've just written a trading robot based on this method. For the 4 trades shown in this video (9th October – 12th October 2017) the bot traded exactly the same way, it won the first 2, lost the 3rd and won the 4th and used exactly the same entry and SL as in the video. Unfortunately, backtesting since 2013 shows that this strategy has a 50/50 chance of success, i.e. no better than luck. The presenter has been very selective about the trades shown, and is the only person I know who can tell something happened "almost immediately, in the first few minutes" while looking at an hour candle. Maybe this can turn a profit with different SL and TL management, avoiding trading certain days etc. but it doesn't look promising at all.

  5. so basically we can implement this startegy 2 ways or pending order its way risky , or live watching all gbp pairs on couple screens and see if its goes with rules ?
    what you think about this ?

  6. MATE THIS IS THE BEST VIDEO IVE SEEN ON YOUTUB ABOUT THIS STRATEGY its explained with very understandable way ..

  7. You have improved my trading by 10 fold. Thanks for your help.
    Can we use the concept for the USDJPY when the US market opens

  8. A good filter comes using an EMA 50 or 60 (h1 tf) to at least trying to avoid the counter trend, and entering ONLY in 2 scenarios: 1) aggressive – when the h1 candle closes out of the range 2) conservative – candle closes out and waiting for price to test back the range and consolidate (requires bit of PA skills btw). So on a ascending EMA one would wait for a bullish b/o only. In case of bearish b/o and ascending EMA, there will be plenty of time to enter on the retest once the ema curved down later during the day. Opposite for the descending EMA. Used it for a long time 🙂

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