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the previous 4 candles, which are the 4, 5, 6 and 7 GMT candles. This helps to remove the grey areas of many other systems. In order to catch the right moves during the London Open, you will not need any specific indicators. The strategy uses a 100 mechanical entry and exit levels for trades. All in all the results are even better than I anticipated. Because any intraday strategy should have a higher probability of success if it is implemented when the volume, price range and number of market participants are higher, especially a breakout type of strategy like the one I'm going to describe. The strategy is built around a set of rules.
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Normally, the European session has the highest volume of trading activity in terms of the liquidity, price action, and volatility. Trade the London Breakout, our London open breakout strategy is designed to capture moves that occur within the first two hours of the London trading session. . Currency Pairs: gbpusd, gbpjpy, gbpchf, timeframe: 1 hour, indicator: Sessions (shows you the beginning and end of asian, london and new york forex trading session) 2 hours after the london market opens, and as soon as the 2nd hour candlestick closes, place 2 opposite buy. You can trade in as little as 10 minutes per day! This occurs at 08:00 UK local time. Instead the indicator highlights the levels to use as profit targets and where to set your stops. This is how it looks like: It is assumed that the trader will trade bigger when the account gets bigger (change the "account balance" in the calculator and vice-versa in periods of losses. The Asian session is typically range bound in many of the major currency pairs due to low volume. So the last hourly candle where we can open a new position is the 16:00 one.
Forex Market Hours - Forex Market Time Converter London Forex Open: London Open Breakout Strategy 2 Hour London Open Forex Trading System - Forex Trading Strategy Trading the London Session with a Very Profitable Breakout London Open Strategy @ Forex Factory
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