GBPJPY GBPUSD Breakout Strategies

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GBP/JPY Breakout
• Trade frequency: Daily
• Pair: GBP/JPY
• Timeframe: 15 minutes

Find the opening price of the pair which will  be the price at 12:00am GMT.
Find out the range of the previous day, if  range is below 200 pips, do not trad.
Place a buy stop order 30 pips above the  high of the 12:00 GMT candle and a sell stop  order 30 pips below the low.
Take profit is 25% of the previous days range  or maximum 100 pips. Stop Loss is 40 pips.
Trailing stop loss is 50% of the Take Profit. Close opposite order once an order has been filled.

GBP/USD Breakout
• Trade frequency: Daily
• Pair: GBP/USD
• Timeframe: 15 minutes
 
Find the high and low between 14:00 GMT and 16:00 GMT.
Buy Stop order 3 pips above high, Sell Stop order 3 pips below low.
Take profit 50 pips. Stop Loss 5 pips above and below high and low.
Close opposite order once an order has been filled.

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1 comments to "GBPJPY GBPUSD Breakout Strategies"

Anonymous said...
26 February 2013 at 09:55

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