London Breakout Strategy

Hello all,

this is a strategy that we can apply everyday, it's very simple and used by many people.

The first thing is drawing a window between 5:00 AM and 8:00 AM GMT+1 TIME

This is because London opens at 8:00 AM, remember that Frankfurt opens at 7:00 AM

In this windows we want to high and the low making us drawing a BOX:

Then we should put two pending orders:

• Entry price in the low and SL in the high
• Entry price in the high and SL in the low

Now there are two options, if one order hit the SL you can still try your luck in the second one, or if one order is activated you can delete the other pending one, this is up to you.

Personally i prefer to keep both, but sometimes i got two orders hitting SL!

As i said, is up to you and it depends on your risk factor.

Now you are wondering, what the hell! he forgot the most important thing.

What about the so important TP ?

I normally use this strategy to get good entry points, and sometimes i leave this positions for days, but this is a little bit risky.

If you want to get a profit fast you can use some of the following methods:

• TrailingStop
• Calculate the TP using the height of the Box
• Calculate using fibonacci levels, 161.8, 261.8, 423.6 ...

This is a simple strategy that can get you some pips everyday.

Enjoy!