Thread: Breaking Strategy at London and NY Sessions

I use a variation where I wait for the pullback after the break. It gives me less entrances, but more effective. Try that.

I follow this thread. I bring in a couple of real-time setups tomorrow.

With gold (XAUUSD

This kind of strategy is good if you have discipline. If you anticipate or are impatient, fry the market.

I like this approach. I�ll keep testing it with demo for a couple of weeks and tell you how I�m doing.

Thanks to everyone for the contributions. I will deepen with an extensive answer on how I structure this break-up strategy in the London and New York sessions, for those who are interested in implementing it with greater precision and discipline. First, the key is to correctly identify the Asian range. I define it from 00:00 to 06:00 GMT, using 15-minute sails. I draw two horizontal lines: the maximum and the minimum reached in that period. The range must have at least 25 pipes of amplitude to consider it operable. If it is narrower, I discard operating that day because it is more likely to break with volatility without clear direction. Once I have that range, I place two pending orders: one buy stop 3 pipes above the maximum and one seal stop 3 pipes below the minimum. The SL goes 15 pipes below the minimum in purchase or above the maximum in sale, and the target TP is at least 30 pipes. If the move is strong, I let run the operation with handy stop in 5 minute candles. If there is no major macroeconomic news during London, and I just rebut NY added the very useful filter in 5 minutes.

Brutal contribution, thank you for detailing everything in such order.

Don't you think a 15-pipe SL is too tight for pairs like GBPUSD?

Thanks for the EMA tip, I hadn't considered it before.

Could you tell us what broker you're operating on?