I have just taken the following trade: LONG 1.2991...SL 1.2971...TP1 1.3031 Rationale: Price broke out of the 5M channel to the upside, so I traded the bounce of the upper trendline. Will close the trade early, if I see a down candle open and close ...

EURUSD

I wouldnt use #2 on a 15 min chart...you will miss a LOT of pips on the London open. However, for the last couple of years I have been doing this on a 5 min chart (i.e. only going long when there is an up candle that has opened and closed above the ...

BOWALF - Breakout with ALF Filter

Sure no probs. I wait until there is a CLOSE above/below before exiting my trades. Mans that I am abe to cut losses short on false breakouts

0400-0700 GMT Breakout Strategy

Todays Trade — High of 5-7:15 Range = 1.5681 Low of 5 - 7:15 Range = 1.5631 My SHORT order has been filled at 1.5630. SL 1.5684. TP 1.5550 Happy Trading to all!

0400-0700 GMT Breakout Strategy

Now gone LONG again for the third and final attempt for the day. LONG 1.5783, stop 15758, TP 1.5863

0400-0700 GMT Breakout Strategy

There you go playa...enjoy

0400-0700 GMT Breakout Strategy

Gimme a mo...cant remember where I got it...I think I did a search on here and find it. Let me look and I will post it

0400-0700 GMT Breakout Strategy

Stopped out for -26... and now reversed and have gone SHORT 1.5757, TP 15717, SL 15780

0400-0700 GMT Breakout Strategy

Its just an indi called "MTF Stop and Reverse". I use it as a trailing stop after the breakout has occured

0400-0700 GMT Breakout Strategy

Todays Trade — I have been filled LONG 1.5784 (Top of 5-7:15 Range 1.5780), SL (bottom of 5-7:15 range) 1.5758, TP 1.5864 Happy Trading all!!

0400-0700 GMT Breakout Strategy

Todays trade — Box Range: High 1.6037, Low 1.5986. My LONG has been triggered...4 lots: 1.6040, SL 1.5985, TP1 1.6100 (2 lots) TP2 (1.6160)....close all outstanding trades on close of 23:00 candle (currently +7) Good luck to all!

0400-0700 GMT Breakout Strategy

Used to trade something very similar on the 15M...great when trending, hideous when ranging. Can post: 1. A chart showing entries and exits 2. Results of backtest Looking forward to it!

Very Simple 1hr PSAR System

I think the inference is Scully...that despite the fact that you, Grant and many others have helped develop this thread, we are all "ruining the purity" of the original system. Nonsense of course, but there is no accounting for others sometimes!

0400-0700 GMT Breakout Strategy

What a day!! -50 on the long and +90 on the short!! +40 on a day that I thought was gonna be a loser...hope you all got pips!

0400-0700 GMT Breakout Strategy

Stopped out for -50...ah well the Friday effect strikes again!!

0400-0700 GMT Breakout Strategy

Settings for my Cable Breakout Box High 1.6242 Low 1.6203 My LONG has been filled 4 lots at 1.6250 (some slippage), SL is 1.6200 TP1 is 1.6310 (exit 2 lots and move stop to breakeven) TP2 is 1.6370 (exit remaining 2 lots). Trade runs to TP2, ...

0400-0700 GMT Breakout Strategy

Hi Maq, I trade 60 pip SL or the range. However if the range is close to 60 pips (like today) I just set a 60 pip default SL. Because of this, I set my TPs to +60 and +120

0400-0700 GMT Breakout Strategy

Out for an aggregate +90 on 4 lots....happy days are here again!!

0400-0700 GMT Breakout Strategy

Filled SHORT at 1.6247...4 lots. SL is 1.6307 TP1 1.6187 TP2 1.6127

0400-0700 GMT Breakout Strategy

My setting today are as follows: Range - 05:00 - 07:15 High - 1.6295 Low - 1.6249 Hence I will LONG 4 lots at 1.6298 (inc spread) or SHORT 4 lots at 1.6248 If long is triggered then I will take 2 lots off at 1.6358 (+60) and move stop to break even. ...

0400-0700 GMT Breakout Strategy