Another Simple London Breakout System (w)
Looking at the two charts below, I see a total of 28 trades:
13 winners
15 losers
This was a turning point; all my winners gained 70 points, while my losers only received 30 points. It rose 460 points in 14 trading days.
entry:
- Within the first few seconds of the London opening, place two orders, one long and one short of the same size, using a 30 pip stop loss (I only risk a maximum of 2% of my portfolio per trade).
- Set both target prices to 70 points
-Get away from your computer and do something else!
Notice:
- This system works best on non-primary pairs. EU, EG, GU, UC tend to be a bit unstable for this system.
-You will lose at least one trade every day! Get used to it, it's part of the system!
Losing 4 out of 6 trades would still put you 20 points ahead (4*-30 = -120 points & 2*70= 140 points).
13 winners
15 losers
This was a turning point; all my winners gained 70 points, while my losers only received 30 points. It rose 460 points in 14 trading days.
entry:
- Within the first few seconds of the London opening, place two orders, one long and one short of the same size, using a 30 pip stop loss (I only risk a maximum of 2% of my portfolio per trade).
- Set both target prices to 70 points
-Get away from your computer and do something else!
Notice:
- This system works best on non-primary pairs. EU, EG, GU, UC tend to be a bit unstable for this system.
-You will lose at least one trade every day! Get used to it, it's part of the system!
Losing 4 out of 6 trades would still put you 20 points ahead (4*-30 = -120 points & 2*70= 140 points).
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