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How To Trade The London Breakout Forex Trading Strategy πŸ‘

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London Breakout Forex Trading Strategy. http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE. How To Trade The London Breakout Forex Trading Strategy. This strategy is to be used on the GBP/USD currency pair only and here we have a 60 minute chart of this forex pair. At 8 o'clock in the morning everything kicks off in London - FTSE opens, and trading in currencies increases. The idea is that we're expecting the money flowing in into the pound or out of the pound into the dollar and we're expecting that to continue for the next 1 to 3 hours. So we're looking for riding on this money flow and trying to ride on this money flow as far as we can - until either the momentum dies out or the Dow session opens. We are waiting for the breakout and then getting involved in it. You are really waiting for the big swinger on this one - yes you will hit small signals but occasionally you will get a monstrous day in your direction many multiples of your risk.
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Text Comments (41)
Thomas Immler (26 days ago)
cool interessant
EcheChanga (1 month ago)
Great simple video this is what I needed. Also thanks for the quick throw in of which type of indication i should be using in tandem. Excellent work thanks.
Rohan Kruger (1 month ago)
Hi! My roommate and I have started experimenting with this strategy and what we find is that if we use a pending order on either side it works. However, one sided pending order will go through and now hit our TP but the market will reverse immediately. Thoughts on combatting this?
KangoKid Kidd (2 months ago)
More of this THIS PLEASE
Guzeebo (2 months ago)
I use a target of 1.5 ATR as a rough profit target.
Seandale Jackson (3 months ago)
How many pips are after a day with this strategy? I noticed you didn't mention much about a limit. Would you recommend this on all GBP pairs? Of the 6 GBP's how many days a week do you think they'd give 50pips on this strategy?
Alberto Morales (3 months ago)
great video
sofien hadj (3 months ago)
very good video well explained in a simple way...THANKS!!
jaewyzeTV (4 months ago)
Is it the 8est candlestick
Prince M. Golds (5 months ago)
I liked the video!
Steve Facey (5 months ago)
Where do you draw the line if the high and low if the previous 3 candles is narrower than the closing 7am candle?
UKspreadbetting (4 months ago)
You use the highest highΒ and lowest low of the previous three candles before the open
George Standers (5 months ago)
I've just written a trading robot based on this method. For the 4 trades shown in this video (9th October - 12th October 2017) the bot traded exactly the same way, it won the first 2, lost the 3rd and won the 4th and used exactly the same entry and SL as in the video. Unfortunately, backtesting since 2013 shows that this strategy has a 50/50 chance of success, i.e. no better than luck. The presenter has been very selective about the trades shown, and is the only person I know who can tell something happened "almost immediately, in the first few minutes" while looking at an hour candle. Maybe this can turn a profit with different SL and TL management, avoiding trading certain days etc. but it doesn't look promising at all.
George Standers (5 months ago)
Sabin, I use C# in Calgo (Ctrader).
sabin gaire (5 months ago)
George Standers which programming language do you use to write the codes?
L O (7 months ago)
Anyone use this method?
Virgil Parbhoo (7 months ago)
thank you so much for the simple explanation :)
Zakirhussein (8 months ago)
1:2 or 1:3 risk reward ratio can be use? Reply please.
Oliver. R Evans (5 months ago)
Zakirhussein Try closing half the trade at at 1:1 and moving stop loss to zero risk, and using a trailing stop for the remaining half, works well
Hannah Endozo (8 months ago)
amazing video!
Unknown Ks (8 months ago)
Stop smacking your lips in all these videos πŸ˜‚
hemeteer (5 months ago)
I am smacking my lips over this delicious trading system
Doctor Chepete (10 months ago)
cool stuff ;-)
ToM Rts (10 months ago)
so basically we can implement this startegy 2 ways or pending order its way risky , or live watching all gbp pairs on couple screens and see if its goes with rules ? what you think about this ?
ToM Rts (10 months ago)
MATE THIS IS THE BEST VIDEO IVE SEEN ON YOUTUB ABOUT THIS STRATEGY its explained with very understandable way ..
You have improved my trading by 10 fold. Thanks for your help. Can we use the concept for the USDJPY when the US market opens
tradz house (4 months ago)
Pretty sure this strategy can work with all time-zone openings 0f the markets ;D
Elyes Bennani (10 months ago)
it's not effective when there are news on the gbp
tradz house (4 months ago)
Yup you just have to plan what to do b4, during & after the news events...
Danial skizo (8 months ago)
Elyes Bennani just careful when u see news...thats all..just download forex factory
Josh Igoe (10 months ago)
More videos on Bitcoin Ethereum and cryptocurrencies please!!
Yuriy Bilyy (10 months ago)
Thanks for your GOOD JOB!!!
Ben Tj (10 months ago)
This is my trading idea too. I use different setup, but the idea is sound.
Luca Zanetti (10 months ago)
A good filter comes using an EMA 50 or 60 (h1 tf) to at least trying to avoid the counter trend, and entering ONLY in 2 scenarios: 1) aggressive - when the h1 candle closes out of the range 2) conservative - candle closes out and waiting for price to test back the range and consolidate (requires bit of PA skills btw). So on a ascending EMA one would wait for a bullish b/o only. In case of bearish b/o and ascending EMA, there will be plenty of time to enter on the retest once the ema curved down later during the day. Opposite for the descending EMA. Used it for a long time :)
Alexander Chikurupata (10 months ago)
keep teaching me you are awesome
Brian Bossin (10 months ago)
Love your work, thanks!
loai yamani (10 months ago)
get us options tactics and strats thanks again
loai yamani (10 months ago)
u awesome keep up the good work

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