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Thread: London times breakouts strategy.

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    Default This post is sponsored by a content payout program available to anyone to participate. London times breakouts strategy.

    Guys London opening times breakout strategy is profitable or not?

    I am using lots of time it's very useful and profitable.


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    London Breakout Strategy:
    This strategy is very famous among day traders. London session is the volatile session of the market. With this strategy, day traders take advantage of this market fact. It is also called day break strategy amount retail traders. It is a very simple strategy. You execute your position at the breakout level of London session range.

    Time of Trade:
    You will see a lot of early movement as London opens around. London open at 8 AM according to GMT.This situation with nearly all the world's big financial hubs, but in particular the opening of New York & London. Both sessions clearly indicate the largest amount of foreign exchange. The big financial institutions and banks begin their day about this time. The perfect time for trading is two hours for London breakout trading strategy. You will exchange within an hour or before one hour after the opening of London. You just need to be present in from of computer from 8 AM to 9 AM or 7 AM to 8 AM according to GMT.

    How to trade the London breakout strategy:

    Rule 1: Draw the London trading range.
    Logic behind this strategy is that traders set the stop losses above or below the Asian session trading range. There are a lot of buy or sell limit order at the edge of Asian session range. This situation attract the smart. Smart money has huge orders and this situation give them liquidity to execute their orders. In chart below, you see drop below the range, this confirmed that smart money move the price above from stop loss level.
    Rule 2: You need a early breakout to one side:
    If you observe the trading activity around the London session. Then you noticed that momentum start one hour before the opening of London session. It is because London session is mostly volatile session of the market. This early momentum activity also guess us a good signal to trading setup.
    Rule 3:Wait for the fading out early breakout:
    It is very important that you wait for the fading out this early breakout. You observed a V-Shape . This show a false breakout. This V-Shape identify a situation in which smart money hunting the stop losses to create liquidity for their orders. You used M-5 time frame to observe this. When early breakout faded. Then you need a support or resistance level to execute your position as you seen in the chart below.
    Rule 4: Take profit level:
    You set the take profit three time bigger than the stop loss. Your stop loss below the V-Shape peak. It is better to trail the position so you can increase the profit. You can trail your position by swing high or low. You can easily understand this by looking at chart below.
    Important to Remember:

    1-Use a time limit to close the order
    As you know that it is short term trading strategy. In this strategy, we got benefit from the London session trading activity. It is very important to trail the position at the break even or close the position at the opening of New York session.

    2-Recommend Trading Pairs:
    You can use strategy on any type of pairs. But history reveal that GBP/JPY, EUR/GBP and GBP/USD are the best pairs for this strategy.

    Bottom Line:
    It is very important to keep in mind that every strategy is not suitable for all trader. You used this strategy on demo account to know that this strategy suite you or not.

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Quote Originally Posted by ABW720     
    London Breakout Strategy:
    This strategy is very famous among day traders. London session is the volatile session of the market. With this strategy, day traders take advantage of this market fact. It is also called day break strategy amount retail traders. It is a very simple strategy. You execute your position at the breakout level of London session range.

    Time of Trade:
    You will see a lot of early movement as London opens around. London open at 8 AM according to GMT.This situation with nearly all the world's big financial hubs, but in particular the opening of New York & London. Both sessions clearly indicate the largest amount of foreign exchange. The big financial institutions and banks begin their day about this time. The perfect time for trading is two hours for London breakout trading strategy. You will exchange within an hour or before one hour after the opening of London. You just need to be present in from of computer from 8 AM to 9 AM or 7 AM to 8 AM according to GMT.

    How to trade the London breakout strategy:

    Rule 1: Draw the London trading range.
    Logic behind this strategy is that traders set the stop losses above or below the Asian session trading range. There are a lot of buy or sell limit order at the edge of Asian session range. This situation attract the smart. Smart money has huge orders and this situation give them liquidity to execute their orders. In chart below, you see drop below the range, this confirmed that smart money move the price above from stop loss level.
    Rule 2: You need a early breakout to one side:
    If you observe the trading activity around the London session. Then you noticed that momentum start one hour before the opening of London session. It is because London session is mostly volatile session of the market. This early momentum activity also guess us a good signal to trading setup.
    Rule 3:Wait for the fading out early breakout:
    It is very important that you wait for the fading out this early breakout. You observed a V-Shape . This show a false breakout. This V-Shape identify a situation in which smart money hunting the stop losses to create liquidity for their orders. You used M-5 time frame to observe this. When early breakout faded. Then you need a support or resistance level to execute your position as you seen in the chart below.
    Rule 4: Take profit level:
    You set the take profit three time bigger than the stop loss. Your stop loss below the V-Shape peak. It is better to trail the position so you can increase the profit. You can trail your position by swing high or low. You can easily understand this by looking at chart below.
    Important to Remember:

    1-Use a time limit to close the order
    As you know that it is short term trading strategy. In this strategy, we got benefit from the London session trading activity. It is very important to trail the position at the break even or close the position at the opening of New York session.

    2-Recommend Trading Pairs:
    You can use strategy on any type of pairs. But history reveal that GBP/JPY, EUR/GBP and GBP/USD are the best pairs for this strategy.

    Bottom Line:
    It is very important to keep in mind that every strategy is not suitable for all trader. You used this strategy on demo account to know that this strategy suite you or not.
    Thank you for the great information about my question.


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