1 Hour Breakout USD/JPY Open Breakout Strategy 🖖
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- เผยแพร่เมื่อ 6 พ.ย. 2017
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1 Hour Trading Strategy In Forex With USDJPY - Asian Session. www.financial-spread-betting.c... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE USD/JPY 1 Hour Breakout Strategy. Let's look at the 1 hour trading setup where we look for a breakout. The advantage of this strategy is that we only need to look at one forex pair, one timeframe and a particular hour of the day. USD/JPY 1 Hour Breakout Strategy. We are looking at the first hour of the Asian session and we are going to bracket the high and low of that initial hour. So we are going to put a stop entry long a couple of pips above the high and a stop entry short a couple of pips below the low. The idea is that once we have that initial hour of trade, we have the high or low; we are going to enter on the subsequent break of that high or of that low and our stop is going to be the [high minus the low]. What you don't want is to be caught in by touching the high - you want it to break thru. This strategy will not work all the time every time.
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Noob here. Was looking for something simple and this was perfect for me today.
Jackie try it on the GBPUSD...Goes quite well.
Absolutely love this series.
To possibly filter out some flat days, you would only enter if the 2nd candle broke the high/low of the first?
I was figuring out, analyzing the chart, that is a good filter to fake outs to add a gap of 10 pips before opening each buy/sell stop order with a modest 15 pips TP. Can someone chare his opinion about this? Thanks for the video!
trust me the market makers never thought about your genius strategy :D
having problems understanding the entry
how do you knoq if you should long or short the trade?
entry on a subsequent break of the high or low of the first candle
Thanks for the vid
You are my best teacher
Funny enough I just discovered this strategy and now I bumped into your video lol nice ine
Hi, after how many hours do you recommend to close the trade, if it hasn t touch TP or SL?
thanks!
Could it be used with other pair too?
Good idea
What is the stop loss? Dont understand taken a stoploss thats high minus the low.
Great strategy! Thanks👍🏿
I never scale out of winning trades because it messes your risk reward ratio. If you don´t scale out of a losing trade why do it when you are winning? Back test this for 1 year minimum, find out what is the optimal target and take it. If you are lucky and the target is largely surpassed, set other target or manage it with the stop loss. Scaling out is only a way of saying you left money on the table, because you were afraid of losing.
By the way i like your videos, just don`t see the point in scaling down winners, i prefer to add to them when possible.
Alright, orders are up. Trying this in 11 minutes. :-)
News from Japanese economy in 20 min. Be careful, good luck.
Interesting. First I got long and reached my target of 16 pips. Next I went short and reached my target of 16 pips. It all happened while I was at sleep. :-)
Question: Do I remove my orders in 1-2 hours if they're not executed?
Good question - yes I would remove the orders.
How about the wick ?
In another video u give instructions to put sell/buy limits and in this video u speak about stops ? U are not consistent in your story.
Please clarify. This video just speaks of an example strategy.
Test it for 1000 trades minimum and then make the video again
I just backtested last 104 trading days of this strategy ,, results are with 1:2 risk reward +1 R and with 1:1 risk reward was +6 R over 104 trading days lol .. did you even backtest this strategy or just come up with it and make a video . One of the least successful strategies I've backtested ever haaa .. not ta be negative and down on your content but common man .. this is prime example of why everyone needs to put in theyre own hard work or youl likely not make it