Re: BREAKOUT EUR / USD - GBP / USD STRATEGY 12/14
by CLOUSE7575 the 26/09/2010, 16:23 Profit Potential: 30 - 50 pips per day.
That's what we need:
1.Open a chart of EURUSD GBPUSD O with 15 timeframe.
2. Draw a vertical line on the graph to 12:00 Italian time.
3. Draw a vertical line on the graph to 14:00 Italian time.
4. Draw two horizontal lines corresponding to a candle with the highest value the candle and the other with the lowest value between the vertical lines.
Set a buy stop to the highest value and a sell stop to the lowest
ideal target 30 to 50 pips, you may also set a trailing stop of 15 pips.
Some things to consider:
If the distance between the highest and the lowest value in the range of time considered is less than 50-60 pips then it is likely that the open position will be profitable, in contrast if greater than 50-60 pips may not be a good idea to open a position.
Obviously the signals are only valid for the day in question, the next day will be necessary to draw them back lines.
NOTE: If we consider the opening of London the same thing can 'be done in hours: 07 / 09
STOP LOSS: We can put LOSS IN LINE OPPOSITE THE CHANNEL ABOUT SO 50/60 PIPS, BE ASAP.
try it.
That's what we need:
1.Open a chart of EURUSD GBPUSD O with 15 timeframe.
2. Draw a vertical line on the graph to 12:00 Italian time.
3. Draw a vertical line on the graph to 14:00 Italian time.
4. Draw two horizontal lines corresponding to a candle with the highest value the candle and the other with the lowest value between the vertical lines.
Set a buy stop to the highest value and a sell stop to the lowest
ideal target 30 to 50 pips, you may also set a trailing stop of 15 pips.
Some things to consider:
If the distance between the highest and the lowest value in the range of time considered is less than 50-60 pips then it is likely that the open position will be profitable, in contrast if greater than 50-60 pips may not be a good idea to open a position.
Obviously the signals are only valid for the day in question, the next day will be necessary to draw them back lines.
NOTE: If we consider the opening of London the same thing can 'be done in hours: 07 / 09
STOP LOSS: We can put LOSS IN LINE OPPOSITE THE CHANNEL ABOUT SO 50/60 PIPS, BE ASAP.
try it.
- CLOUSE7575
- Trader student
- Posts: 664
- Joined: 31/05/2010, 9:28
Re: BREAKOUT EUR / USD - GBP / USD STRATEGY 12/14
by mattomatteo on 26/09/2010, 22:10 Clouse Hello, congratulations for the ability to use various techniques. This reminds me vaguely like a turtle trading system, although slightly different.
I was very fond of the triangles to the technique you used long ago ...
Congratulations
I was very fond of the triangles to the technique you used long ago ...
Congratulations
-
mattomatteo - New entry
- Posts: 30
- Joined: 30/07/2010, 21:25
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