Today's Trade — In fact, winner, winner...chicken dinner! TP filled at 1,6362 +38 pips Thanks, Cain

GbpUsd 5 min breakout

Today's Trade — Blinkers, The 60EMa on the 5 min, 15 min, 1 hour and 4 hour charts are all pointing up with price above all 4 levels since before the breakout. What makes you wary of the long trade? Thanks, BC

GbpUsd 5 min breakout

Yes...Long @ 1.6324 on Oanda. Up about 20 pips now.

GbpUsd 5 min breakout

Wecome back, Bro! We were concerned about you.

GbpUsd 5 min breakout

Sorry...this is unclear to me...please elaborate. Thanks, BC

GbpUsd 5 min breakout

Today's trade — Winner, winner...chicken dinner!

GbpUsd 5 min breakout

Trade Entry — Blinkers, FWIW: I use Oanda, and I had the exact same entry point as yours @ 1.6298

GbpUsd 5 min breakout

Trade Results — What was so bad about the trading session? Granted, the 1st trade was a loss. But...the 2nd Trade was doubled up...so when the price finally reached a profit level at 1/2 box size around close-out time of 2300 or so, the 2nd ...

GbpUsd 5 min breakout

Yep...

GbpUsd 5 min breakout

Ranging market — Yep...turned into a ranging market. Waiting to see if I have to double up on the 2nd trade...tough to do as it's 3:00AM here in Wisconsin.

GbpUsd 5 min breakout

Question for Scullmeister — Hi Scull, What are you currently using for your SL and ending box time? You had earlier posted a couple of different optional parameters. Thanks!

0400-0700 GMT Breakout Strategy

fxb, I'm glad you are using trading data to support your hypothesis. Personally...I am not a fan of back-testing too far...4x market conditions are simply too prone to change, thus rendering earlier data almost useless. I like to build up enough ...

GbpUsd 5 min breakout

Change strategy — It's good to think of how we might enhance the profitability of this strategy. And it's easy to backtest your assumption. But...over the course of the past 50 trading sessions, the 2nd trade has a much higher % of wins than ...

GbpUsd 5 min breakout

Where did he go — Whatever happened to Cain?

GbpUsd 5 min breakout

Today's trade — Winner, winner...chicken dinner!

GbpUsd 5 min breakout

Glad you missed that long trade! I'm using the "3 Ducks" as a filter for the trade...and price is below the 60 SMA on the 5 minute, 1 hour and 4 hour charts. So..if you stay with your short trade, you are definitely in the trend at this point. Good ...

GbpUsd 5 min breakout

Sorry Cain...no patience tonight!

GbpUsd 5 min breakout

And I'm out with a 1 pip profit on the short trade!

GbpUsd 5 min breakout

HI Intel, On my FXDD chart, the long trade was missed by just 1 pip! Usually the breakout move happens pretty quickly...instead price is ranging around the short breakout entry...I may set my TP to break-even + 1 pip because of the lack of price ...

GbpUsd 5 min breakout

Try this one, instead: url Working great, so far.

GBPUSD Breakout Trading System