Just came across your channel and video by chance, and this is my exact trading strategy i use being based in London and a London session trader. Statistically it works really well took a nice 30 pip win this morning. But buy limits not so sure best idea. Your better off watching the chart as soon as you break out on the 5MTF to see if you get that pullback and rejection of the breakout area otherwise you run the risk of being stopped out. Not to mention you also have the London fake outs to contend with which could also blow your stop loss immediately.
For this strategy there are some EAs that can do most of the boring job for you and Indicators to save you time drawing those areas. Excellent strategy! Good content. Cheers!!
Should the break of the Asian high or low be after the overlap between Asian and London session? I mean must the Asian session be closed before considering this?
Great job...Question.. I hear this question a lot. For the london breakout what time do i trade on my puter to be hitting the proper time since I an in GMT zone GMT-04:00.. Any advice you can give will be greatly appreciated by many of your subscribers. I have been Trading at 00:00 midnight in the past but not doing well.. Any way to calculate the correct time and anyway to be sure its the right place would be greatly appreciated. Many of the youtubers with videos on London Breakout tell me that i should be trading at midnight to be in the action that begins at exactly midnight when the london breakout begins.
@@MindfullyTrading Yes that was very helpful, I appreciate your comments very much, but could you please give me your opinion on something similar. I know for a fact that the asian session is from 0000 to 0700 GMT.. So is it possible or make sense to set my timezone to London time zone which is GMT+1 and trade the asian session using the time 0000 to 0700. Hope that is not confusing as it seems to work... i WOULD appreciate your thoughts on this as i am not sure that i am building the box at the exact time as needed for the Asian session from midnight to 7 am to be able to watch the breakout that will occur in the following session which is the London breakout. Or am i totally lost in the dark..
The reason i chose UTC +1 is that i see many UK traders using utc+1 and they say they are using the 0000 thru 0700 for the asian get ready for breakout box. I also notice that you use the Utc +1 so i am assuming you are in the London area also.. Is it true that you use the 0000 0700 for the asian box.. Hope you can help as I have seen a few others ask similar questions.. Determining the actual trading time for each area of the Nation seems to be a confusing area for some especially me. If we can resolve this I am sure it will have many others. Thanks for all the great work you do in explaining all this..
will this work on any pair. I am going to start doing some bac testing on this. The only problem I would have is I am in the US and I would have to be up at 1:00 in the morning. But I am still willing to give it a shot.
@@MindfullyTrading I tried it today on demo I did 3 pairs GBPUSD- W GBPAUD - W AUDUSD - L , I have tomorrow off and will be doing some back testing . I started a 5% account yesterday and wondering about using this plan on it but not until I do back testing,
on the breakout, i use 0.5% to get in the trade a few pips above/ below the consolidation phase. if the trade takes off, i do similar to you and then go for the 1% trade with stops above the structure. if the market retraces and tests and confirms the breakout, i enter 1% and so in total im at 1.5% risk. if the market retraces and hits stops, it is only .5% risk.
When trading with fractals, should trader flip charts, 15M, 1H,4H,D1, all at once & see where support & resistance IS as shown by fractals on each frame--and if if it fits close to top/bottom of daily ADR, take that trade. Now 15M fractal level may not be robust(strength wise) enough--but 1H fractal is because to form 1H fractal, market could not penetrate THAT LEVEL IN 5 CANDLES WHICH IS 5 HOURS--and that is lot of data(strength).AND fractal on 1H chart is not just one man talking but line (support/resistance) drawn by millions of traders in those 5 hours. Just act on 1H fractal--and trade be in the direction of 4H/daily trend. Any suggestions?
Hey there. I've now tested your variation of the london breakout strategy and scrolled back the last 3 months on GBP/USD. I haven't had a single profitable month? Like all the other london breakout approaches you find actually none of them worked for me so far. I wonder why that is? Is it all just working for the TH-camrs? :)
If only it was that easy... And if it was then she would be using it, getting a funded account of $1,000,000. Selling a paid signal service and allowing copy trading for a fee! Oh, and she wouldn't be giving the strategy away for free! It's just a way to promote Forex Tester 5 for commission.
I hope you have not. I have said countless times I will never ask for money for anything. All traders online have endless spammers trying to scam money out of people. Dont send any more
Just came across your channel and video by chance, and this is my exact trading strategy i use being based in London and a London session trader. Statistically it works really well took a nice 30 pip win this morning. But buy limits not so sure best idea. Your better off watching the chart as soon as you break out on the 5MTF to see if you get that pullback and rejection of the breakout area otherwise you run the risk of being stopped out. Not to mention you also have the London fake outs to contend with which could also blow your stop loss immediately.
R u profitable
For this strategy there are some EAs that can do most of the boring job for you and Indicators to save you time drawing those areas. Excellent strategy! Good content. Cheers!!
Thanks for sharing!
another question when you put the box around it do you put it around the bodies of the candles or do you add the wicks?
I just put it around the open and close of price (the bodies) 👍
Should the break of the Asian high or low be after the overlap between Asian and London session? I mean must the Asian session be closed before considering this?
Very helpful!
Glad it was helpful!
Very nice, will try it, I think hedging at both sides better than stop losses, nice vid
Thank you glad you enjoyed it 😉
thanks Maam
May I ask which version of FT5 you are using. There is the basic, monthly, annual, and lifetime.
Great job...Question.. I hear this question a lot. For the london breakout what time do i trade on my puter to be hitting the proper time since I an in GMT zone GMT-04:00.. Any advice you can give will be greatly appreciated by many of your subscribers. I have been Trading at 00:00 midnight in the past but not doing well.. Any way to calculate the correct time and anyway to be sure its the right place would be greatly appreciated. Many of the youtubers with videos on London Breakout tell me that i should be trading at midnight to be in the action that begins at exactly midnight when the london breakout begins.
London break out starts at 8am GMT. So if your 4 hours behind you should be at 4am your time (I think??) Hope this helps.
Go on forex factory and sinc your time. Wise to wait until at least EU open
@@MindfullyTrading Yes that was very helpful, I appreciate your comments very much, but could you please give me your opinion on something similar. I know for a fact that the asian session is from 0000 to 0700 GMT.. So is it possible or make sense to set my timezone to London time zone which is GMT+1 and trade the asian session using the time 0000 to 0700. Hope that is not confusing as it seems to work... i WOULD appreciate your thoughts on this as i am not sure that i am building the box at the exact time as needed for the Asian session from midnight to 7 am to be able to watch the breakout that will occur in the following session which is the London breakout. Or am i totally lost in the dark..
The reason i chose UTC +1 is that i see many UK traders using utc+1 and they say they are using the 0000 thru 0700 for the asian get ready for breakout box. I also notice that you use the Utc +1 so i am assuming you are in the London area also.. Is it true that you use the 0000 0700 for the asian box.. Hope you can help as I have seen a few others ask similar questions.. Determining the actual trading time for each area of the Nation seems to be a confusing area for some especially me. If we can resolve this I am sure it will have many others. Thanks for all the great work you do in explaining all this..
will this work on any pair. I am going to start doing some bac testing on this. The only problem I would have is I am in the US and I would have to be up at 1:00 in the morning. But I am still willing to give it a shot.
At the moment I am just focusing on 1 pair; GBPUSD. Although it can certainly be tested on others 👍
@@MindfullyTrading I tried it today on demo I did 3 pairs GBPUSD- W GBPAUD - W AUDUSD - L , I have tomorrow off and will be doing some back testing . I started a 5% account yesterday and wondering about using this plan on it but not until I do back testing,
@@scottblair8813 how was it
@MindfullyTrading As I’m usually based in the States, do you think this strategy would work using London highs and lows during the New York session?
on the breakout, i use 0.5% to get in the trade a few pips above/ below the consolidation phase. if the trade takes off, i do similar to you and then go for the 1% trade with stops above the structure. if the market retraces and tests and confirms the breakout, i enter 1% and so in total im at 1.5% risk. if the market retraces and hits stops, it is only .5% risk.
Thanks for the comment 👍
Do you have a fixed/repeatable point where you will add your 2 additional positions or is it more like a intuitional scale in?
Break Out Trading GBPUSD have stopped working a long time ago.
Exactly I've back tested this on a lot of pairs , and found it
Painfull in the long-term
London breakout strategy nicely explained.
Can one use it for prop trading?
Its a valid strategy. Its totally your choice though.
🔥🔥🔥..... Amazing
Glad you like.
Hi it's more of speculative trade sort of betting than a proper technical analysis one .will probable put me at stress all day
That's why its a super easy strategy.
When trading with fractals, should trader flip charts, 15M, 1H,4H,D1, all at once & see where support & resistance IS as shown by fractals on each frame--and if if it fits close to top/bottom of daily ADR, take that trade. Now 15M fractal level may not be robust(strength wise) enough--but 1H fractal is because to form 1H fractal, market could not penetrate THAT LEVEL IN 5 CANDLES WHICH IS 5 HOURS--and that is lot of data(strength).AND fractal on 1H chart is not just one man talking but line (support/resistance) drawn by millions of traders in those 5 hours. Just act on 1H fractal--and trade be in the direction of 4H/daily trend. Any suggestions?
Sorry I don't really use fractals
What currencies you trade with
What happens when you include commissions and spreads?
Depends which broker you go with. You could always add a pip to the target if you want to get particular about fees
@@MindfullyTrading most day trading strategies don't work because of those fees
Hi Great videos. May I ask how your 5er account is looking?
Hi Ian, Thank you very much. its doing well at the moment thanks been green the past 2 weeks which is great.
Great video , very helpful thanks Emily. Do you use this on other pairs or just GBP/USD?
Thank you glad you enjoyed it 😃
At the moment I am just focusing on 1 pair; GBPUSD. Although it can certainly be tested on others 👍
As I’m usually based in the States, do you think this strategy would work using London highs and lows during the New York session?
Hi guys,can anyone answer me please is a day trader have to pay taxes in UK
Hey there. I've now tested your variation of the london breakout strategy and scrolled back the last 3 months on GBP/USD. I haven't had a single profitable month? Like all the other london breakout approaches you find actually none of them worked for me so far. I wonder why that is? Is it all just working for the TH-camrs? :)
If only it was that easy... And if it was then she would be using it, getting a funded account of $1,000,000. Selling a paid signal service and allowing copy trading for a fee! Oh, and she wouldn't be giving the strategy away for free! It's just a way to promote Forex Tester 5 for commission.
Demo account in dax 30 daily 5 dollar
I don't know best forex broker
I transfer 100 dolar your account
I hope you have not. I have said countless times I will never ask for money for anything. All traders online have endless spammers trying to scam money out of people. Dont send any more
I like you
❤❤❤🦋🦋🦋🦋🦋🦋🐳🐳🐳
Thanks for the comment
99% fake breakout liquidity
Can you please share your Instagram 🥺. Love from Pakistan