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    Thread: GBP/USD Breakout one day one trade

    1. #1
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      Thumbs up GBP/USD Breakout one day one trade

      I share this for instaforex traders:
      Here is the strategy that we can use to make profit, but i suggest just a little pips, and this strategy can also make loss, there is always risk to make profit.

      make a trailing stop 15 pips or even 10 pips if can.....

      just see the picture, there are two line up and bottom, when break out just make trade or maybe you can make pending trade. i suggest please learn it first before used, because all risk is yours.....

      just for GBP/USD.
      Attach this indicator in expert==>indicator
      happy trading
      thx
      Attached Images  
      Last edited by Toxic; 07-19-2010 at 06:51 PM.
      Thanks Would Be Enough


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    3. #2
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      Default Re: GBP/USD Breakout one day one trade

      Quote Originally Posted by ryc_warlock View Post
      I share this for instaforex traders:
      Here is the strategy that we can use to make profit, but i suggest just a little pips, and this strategy can also make loss, there is always risk to make profit.

      make a trailing stop 15 pips or even 10 pips if can.....

      just see the picture, there are two line up and bottom, when break out just make trade or maybe you can make pending trade. i suggest please learn it first before used, because all risk is yours.....

      just for GBP/USD.
      Attach this indicator in expert==>indicator
      happy trading
      thx
      I think this is some kind of trapping method...be careful if the market sideway...


    4. #3
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      Default Re: GBP/USD Breakout one day one trade

      if the market side way, actually we have to used breakout strategy....also dont forget, watchout for big news.......

      if the trending chart, we can use moving average or support and resistance....
      i think the best for breakout is in rally actually.....because the price up and down like wave...when they break it, they will go go go...
      Thanks Would Be Enough


    5. #4
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      Default Re: GBP/USD Breakout one day one trade

      I dont really understand why you would call it a breakout, the levels you have set for support and resistance are really weak and the range doesnt last for very long.


    6. #5
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      Default Re: GBP/USD Breakout one day one trade

      to used this strategy, it would be better dont order pending order...just wait and see, the price breakout the line........ and try to practice first, to be common in the candlestick shape. because the time to breakout is not sure.....just make long horizontal line.
      Thanks Would Be Enough


    7. #6
      Will work for pips
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      Default Re: GBP/USD Breakout one day one trade

      Please explain how the Indicator calculates the Lines?

      is it purely the Hi and Low of the Day?

      When is the level calculated? After US Close?

      If the market is ranging, can we Reverse and trade the Bounce off the lines, instead of expecting a Break out All the time??
      Thanks .


    8. #7
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      Default Re: GBP/USD Breakout one day one trade

      we will test this strategy for real.......now it touch the bottom line 1.5266 at the closing candle......


      Stop loss1.5345 trailing stop 15 take profit 50 pips.
      Attached Images  
      Thanks Would Be Enough


    9. #8
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      Default Re: GBP/USD Breakout one day one trade

      now it touch 1.5251 profit 15 pips, and then for safe play set the stop loss in break even, and waiting, still with trailing stop 15 pips.
      Thanks Would Be Enough


    10. #9
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      Default Re: GBP/USD Breakout one day one trade

      hmmmmm..this strategy makes profit, it is hit the 50 pips as plan. if i trade 0.01 lot i would get $5 USD, not bad.........however this strategy is dangerous...i have ever trade using breakout sistem...and i lost all of my money..........just 100usd.
      maybe this trade just lucky....
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    11. #10
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      Default Re: GBP/USD Breakout one day one trade

      Quote Originally Posted by ryc_warlock View Post
      hmmmmm..this strategy makes profit, it is hit the 50 pips as plan. if i trade 0.01 lot i would get $5 USD, not bad.........however this strategy is dangerous...i have ever trade using breakout sistem...and i lost all of my money..........just 100usd.
      maybe this trade just lucky....
      yeah its very risky strategy but it sounds interesting by making 5$ by 0.01 only imagine if u can make the volume at higher like 1.00 you would make 50$ with this strategy but you need to know also that you would lose all .


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