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Advanced system #4 (Early bird Breakout System)

Submitted by Edward Revy on May 27, 2007 - 03:54.

Another advanced morning strategy tightened to the timing factor and only two currency pairs.

Trading setup:

Time frame: 1 hour.
Currency pair: preferred but not limited to EUR/USD and GBP/USD.
This Forex breakout system uses no indicators.

Trading rules:

The system is called "early bird" because it requires a trader being ready to trade Forex as early as 5:00 am EST.

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Submitted by Edward Revy on February 1, 2008 - 01:43.

Hi,
I'd simply use Pivot Points for additional confirmation.
E.g. when we get a Sell signal, we should be below Pivot Point; Buy signal - above PP.
Regarding doji candles, I don't think they should be given any particular value here.

Regards,
Edward

Submitted by Isioma on February 6, 2008 - 01:56.

Thanks Revy for your invaluable services to enriching humanity.I have tried this system severally and I think it has 70% success rate.Though simple yet very potent.
Isioma

Submitted by User on February 27, 2008 - 07:15.

good one. i am yet to post my findings. keep it up

Submitted by FAIEZ on March 19, 2008 - 13:53.

Hi Edward,

Thank you so much for all contributions to our trading career!
please could you give me a strategy that involves no indicator to trade gold, GBPJPY and USDJPY.

MY REGARDS
FAIEZ

Submitted by Edward Revy on March 19, 2008 - 14:05.

Hi Faiez,

I have no such one ready that would fit your request. Thank you for a suggestion, can't promise anything right now, but I'll write some notes for future research on this subject. Thank you.

Regards,
Edward

Submitted by Naspharmz on March 19, 2008 - 14:21.

Hi Edward!
Does that mean we just have to count 5candles(irrespective of the time zones)from day open on hourly chart before the trade for the day could be setup.

Please am i correct?

MY regards

Naspharmz

Submitted by Edward Revy on March 19, 2008 - 15:54.

Hi Naspharmz,

We take a specific time zone - it is Eastern Time zone (GMT-5:00), it is New York time.

Regards,
Edward

Submitted by Manzoor on March 20, 2008 - 13:22.

Hi Edward,

I have used this strategy for 21 trading times with EUR/USD & GBP/USD of which I won a net profit of 92% & 78% respectively.
Thank you so much for all your contributions to our trading time.
I am afraid to ask if I could use this same strategy to trade AUS/USD,USD/JPY and GBP/JPY? How could you help with trading these pairs?

My regards,

Manzoor.

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Advanced system #4 (Early bird Breakout System)

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