Forex trading strategy #11 (GBP/USD breakouts)
Submitted by User on December 24, 2007 - 04:42.
Credits to James Ayetemimowa - our valued contributor!
when it is 1 hour to london open, draw lines on the highest high since midnite and lowest low since midnite, just trade the breakout and let ur stop loss be at the high of the candle that broke the low line for short trade and the low of the candle that broke the upper line for long trade
if u experience a breakout before New York Open, please target the first 30pips
if beyond New York Open before a break please target between 10 to 20 pips
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