London Open Breakout

[Freddie]

As for the breakouts you mentioned in your last post, is that from news releases as well or a separate BO strategy?

 

This thread came from the '1min a day' thread. Also available on site. Kraven changes the range setting to include 10:00 am UK because of news.

 

I took up that piece of info and watch a 10 to 1030 UK Breakout on £$.

Inthe course of this thread Kraven has given other pointers and some of these I am watching. So I report on some breakouts but only on £$.

 

Kraven does all the news posts, I sometimes try to find them myself in order to learn the 'art' of trading them like K does.

 

Occasionally I pick up that other pairs are good for this time of day so look at them.

 

I am not trading live because of my bad internet. In October I am going to Malaysia for my winter holiday. There I have good internet and will trade on those strategies that I have found to be good here.

 

To date they are the Asian Run; 10:30 London Breakout; Maybe the 06:00 LBO

[Freddie]

MPC has hit the 09:30 and pushed it up. A buy from there scarcely made 12 or 13; 15 to 18 if you used the body instead of the wick, and now it is on its way down.

 

IGNORE THAT!! I WAS ON 5MIN CHART SORRY

 

Now I am on 15min chart and £$ has just made 25 before retracing. 10:02 UK

Edited August 18, 2010 by Freddie

[kraven]

MPC at time of post close to +50

 

i've posted my breakout time one here already with an explanation. Freddies are different.

 

and i've posted about how i like to trade news and given many examples already (freddie charted a few too). as for filters, none really just be aware of other news.. your trade is only as good as the last news.

[Yorgo]

Yes Kraven for example this morning with the report of BOE when he decided to maintain the bank rate ...Gbp usd 1.5516 to 1.5572 nice news !

[Freddie]

Retailsales at 09:30 today

[kraven]

well never traded retail and borrowing this morning as candle + gap was almost 100pips. even so had i traded it still could have made 50pip. after that GU was pretty much exhausted. On the EU could have traded US employment data for 20+ and as i type 3:00 Phili Fed news candle has just broken (bit late for me, i like to see it break in 3 candles or less, but that's just me) it's now +20 (sell)

[Freddie]

Found this on another thread by 'swingman' thought Kraven might be interested or have something to say about it!!

 

http://i914.photobucket.com/albums/ac341/freddieforII/news-boxtrading.gif

[kraven]

Hello Freddie. can you post a to the indi so i can download it and take a better look. I do like how it paints the dotted line through the news candle and puts a line on it's high and low, plus i only trade upto 4 candles after the news, so it looks like it was made for me : )..i like the 'news events' times but i think the 'trading pairs' is unrequired. Also the ArenDI looks like some volitility indi, again is it needed as you can see by looking at the price that it's moving.

[pardy]

Hi Freddie, I couldn't locate the news trading lines indi, altho' have requested swingman for it.

[kraven]

so it's not a freely available indi?

 

maybe one of the boffin's on here can re-produce it, without the 'trading pairs' bit (as it just takes up screen) and the ATR.

[Freddie]

Hi Kraven & Pardy, no, couldn't find it anywhere! Thought that as it was swingman it would be over at FF but no.

Hopefully Swingman will send it to Pardy.

[pardy]

It's not yet ready I'm told, so we have to wait. Meantime sq has posted a template for trading news, will have a look at it.

[kraven]

post a link Pardy and i'll take a look

[Freddie]

post a link Pardy and i'll take a look

 

Link in PM

[kraven]

thanks freddie...well i've installed it on a 15m GU chart. No News today so difficult to see how the temp. works...did he post any pics or explanations?

 

is it like 'swingmans' i.e. lines through news candle, with upper/lower markers?

[Freddie]

thanks freddie...well i've installed it on a 15m GU chart. No News today so difficult to see how the temp. works...did he post any pics or explanations? is it like 'swingmans' i.e. lines through news candle, with upper/lower markers?

 

Nothing at all. I think that it was brought about over the discussion on 'boxes'; where & when they should be plotted.

 

Aside from an enquiry from a French girl who was answered in French, there is nothing about news other than Swingman claiming that his indi was now 300% accurate although still not ready for posting.

 

I will keep you informed

[expat1967]

Hi All,

 

help me to check this one out. Newstrading on auto cruise ;)

 

http://indo-investasi.com/showthread.php/8749-Newtr-der-5.5

 

Cheers

[Freddie]

Hi All, help me to check this one out. Newstrading on auto cruise ;)

http://indo-investasi.com/showthread.php/8749-Newtr-der-5.5 Cheers

 

Hi Expat, been to have a look, scary numbers if I read them right!!

I am struggling with manual trading and don't think that I'd risk my account with an EA - that is when I get reliable internet!!

 

Let's see if anyone else fancies a little adventure

[tb36670]

thx for the system

[Freddie]

In preparation for my move to Malaysia I am looking at a series of breakout times The Asian Run, a separate thread, London at 0600-0630 and 1000-1030.

 

This weeks totals GBP/USD were:

Asian run: range at 23-00 hrs M -76 T 116 W 107 Th 3 F 120 week total = 270 pips

London 0600 0630 range M-23 T 32 W 110 Th 84 F 242 week total = 445 pips

London 1000 1030 Range M-28 T -27 W 257 Th 167 F -250 week total= 119 pips

Summary -127 121 474 254 112 834

Edited September 11, 2010 by Freddie

[kraven]

hello Freddies...glad to see yr 'studies' going well...bit lost on your numbers though...take 6-6:30 GU as an example on Friday you got a total of 242...how? are u entering then re-entering etc...can u put one of ur pic's up with explanation..thanks

[Freddie]

Hi Kraven, nice to hear from you again.

The latest indi from 3tier on FF is a five trade each side. That's how I got -250 on Friday for the 10 o'clock lot. A 25pip range that crossed and crossed back quickly.

 

Here's the 6 o'clock pic a nice clean and quick move up and down.

 

http://i914.photobucket.com/albums/ac341/freddieforII/Asian%20Run/06300910.jpg

[Freddie]

...and here are the losers 10 trades at 25pips

 

http://i914.photobucket.com/albums/ac341/freddieforII/Asian%20Run/10300910.jpg

 

If I wasn't using the 25pip limit to the range then the range would be down almost to the green and the sells would have made 257pips.

Edited September 12, 2010 by Freddie

[kraven]

5 lots......nasty if u do multi direction trades that loose i.e. goes 1 way then retraces, breaks the other way then retraces (as u described).......personnaly i don't trade more then 2 lots. TP1 the same as SL...TP2 double, but SL moved to BE when TP1 hit. Anyway good luck with that Freddie

[Freddie]

Been talking with a chap from the original thread. The EA only does the 3 trade so I will be changing to that. Reduced the risk by 40 %

I will put up pics later.