Mentos Posted August 25, 2009 Report Share Posted August 25, 2009 Got this from another forum and been having great results. It's a very simple strategy that I wish I found before blowing my accounts in the past. The strategy: All time is GMT Look at the bar from 12 AM to 6 AM. See the High and Low and make a box. At 6 AM (about lunch time Indonesia) look put an order for 2 pips above of high for the buy and 2 pips below for sell. Never use more then 5% when cut lost. I usually put 30 pips for cut lost. And I let it ride for profit. Quote Link to comment Share on other sites More sharing options...
vladv Posted August 25, 2009 Report Share Posted August 25, 2009 Re: Follow The Bank Can you post some screenshots with actual trades,Mentos? ;) Quote Link to comment Share on other sites More sharing options...
Mentos Posted August 25, 2009 Author Report Share Posted August 25, 2009 Re: Follow The Bank Here you go. Alway better in simple is better. Quote Link to comment Share on other sites More sharing options...
mikemast77 Posted August 28, 2009 Report Share Posted August 28, 2009 Re: Follow The Bank I want to try this out. Do you have any more info on the system? Quote Link to comment Share on other sites More sharing options...
imatache Posted August 30, 2009 Report Share Posted August 30, 2009 Re: Follow The Bank This strategy sometimes goes by the name of "London Forex Rush". 2 pips is too little in my opinion, there will be lots of fake "breakouts" from the Tokyo session. Basically it is wise indeed to look what happened during the Tokyo session, decide whether that was a trending or ranging session and try to figure out if the European session will bring about a continuation of the Tokyo session trend or perhaps a correction. Quote Link to comment Share on other sites More sharing options...
jet Posted August 30, 2009 Report Share Posted August 30, 2009 Re: Follow The Bank This is a similar strategy to has123 breakout. It had some horrible results a few years ago. Before that time it worked well. You can find alot of information on it on strategybuilder.com's forum website. I don't recommend wasting time with this. Quote Link to comment Share on other sites More sharing options...
SAKIS Posted August 30, 2009 Report Share Posted August 30, 2009 Re: Follow The Bank yes i agree with you but what is the best strategy to have at least some 10 pips after london open??? I saw in one forum some traders make price box 05.00-8.00 gmt and call it pre london season :?: Quote Link to comment Share on other sites More sharing options...
keifer Posted August 30, 2009 Report Share Posted August 30, 2009 Re: Follow The Bank ah the asian range breakout strat. It's not as reliable as it used to be but something I still trade most days. Cable has a nasty habbit of breaking out one way, failing then breaking out the other way. I found if you set the range from 10 pm to 9am you can eliminate alot of these false breaks, but of course you'll miss out on some good moves also. Another method to filter the false breaks using the standard range 10pm-6am... wait for a breakout on the 15min chart... and wait for the first bar not to make a new low for shorts. The swing low becomes the trigger bar. Entry 2 pips below this low and stop above the pullback. If price makes a new low then the breakout should continue. You could also only take breakouts in the direction of the daily trend. Quote Link to comment Share on other sites More sharing options...
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