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Re: Breaking Strategy at London and NY Sessions
I have been testing for the last 3 months a strategy based solely on breaks during the openings of London and New York, and the results have been more than decent. The base is simple: identify the Asian range, plot levels and enter with pending commands once it breaks with force. I use 15-minute graphics to define the Asian range and place buy stop and seal stop commands just above and below that range, always respecting a minimum distance to avoid false breaks. The risk-benefit ratio I am managing is 1:2 at a minimum. Does anyone else use this technique or some variation? What pair gives you better results? I am focusing on GBPUSD and EURJPY for its volatility. I open this thread to exchange inputs, outputs, and real-time analysis during both sessions.
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Re: Breaking Strategy at London and NY Sessions
I operate something similar but with a rupture of the first hour of London. Do you use any filters like RSI or volume?
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Re: Breaking Strategy at London and NY Sessions
I'm interested. What SL are you using, fixed or by structure?
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Re: Breaking Strategy at London and NY Sessions
I saw this technique in a webinar months ago and I didn't give it any importance. I might give it another chance by looking at your experience.
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Re: Breaking Strategy at London and NY Sessions
Could you upload an example chart? It would be clearer for those of us who are starting out.
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Re: Breaking Strategy at London and NY Sessions
Watch out for Mondays and Fridays, they usually give a lot of fake breaks in those sessions. I filter those days and I do better.
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Re: Breaking Strategy at London and NY Sessions
I'm inside the EURJPY trade that broke the Asian rank up 15 minutes ago. TP at 163.80, SL at 162.40. Let's see if it takes off.
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Re: Breaking Strategy at London and NY Sessions
Thanks for sharing. Have you tried backtesting this strategy? I would like to know the historical success rate.
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Re: Breaking Strategy at London and NY Sessions
Don't you think with so many people looking out for breakups they become predictable and manipulable?
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Re: Breaking Strategy at London and NY Sessions
GBPUSD just broke the range today. Entry activated at 1,2762. Stop at 1.2736 and target 12,815. See how it goes.
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Re: 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.
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Re: Breaking Strategy at London and NY Sessions
I follow this thread. I bring in a couple of real-time setups tomorrow.
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Re: Breaking Strategy at London and NY Sessions
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Re: Breaking Strategy at London and NY Sessions
This kind of strategy is good if you have discipline. If you anticipate or are impatient, fry the market.
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Re: Breaking Strategy at London and NY Sessions
I like this approach. I�ll keep testing it with demo for a couple of weeks and tell you how I�m doing.
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Re: Breaking Strategy at London and NY Sessions
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.
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Re: Breaking Strategy at London and NY Sessions
Brutal contribution, thank you for detailing everything in such order.
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Re: Breaking Strategy at London and NY Sessions
Don't you think a 15-pipe SL is too tight for pairs like GBPUSD?
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Re: Breaking Strategy at London and NY Sessions
Thanks for the EMA tip, I hadn't considered it before.
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Re: Breaking Strategy at London and NY Sessions
Could you tell us what broker you're operating on?
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Re: Breaking Strategy at London and NY Sessions
Thank you for the contribution! I will test it this very week.
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Re: Breaking Strategy at London and NY Sessions
What if there's a fake breakup that triggers both orders?
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Re: Breaking Strategy at London and NY Sessions
Thank you for sharing this comprehensive explanation. It has helped me to better understand how to address breakups in key sessions.
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Re: Breaking Strategy at London and NY Sessions
Have you tried this system in other less liquid pairs? Does it work just as well with exotic pairs?
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Re: Breaking Strategy at London and NY Sessions
Thank you so much, applying it to the demo is already giving me consistent results. Total clarity in your structure.
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Re: Breaking Strategy at London and NY Sessions
Thank you, tremendous contribution. I liked the detail about EMAs as an additional filter.
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Re: Breaking Strategy at London and NY Sessions
Thank you for everything, this is worth gold to those of us who are uprooting with disciplined structures.
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Re: Breaking Strategy at London and NY Sessions
Don't you think that in days of high volatility the SL should adjust? Because a sudden movement can get you out early.
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Re: Breaking Strategy at London and NY Sessions
What if the price breaks the range but then it stays solidifying? Don't you run the risk of getting stuck?
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Re: Breaking Strategy at London and NY Sessions
Thanks for the ATR explanation, I've never used it that way and it makes a lot of sense.
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Re: Breaking Strategy at London and NY Sessions
This is just what I needed to read. The detail of the manual trailing stop seems very useful to me, thank you.
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Re: Breaking Strategy at London and NY Sessions
Thank you for taking the time to write all this. It is noticeable that you have tried and refined the strategy a lot.
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Re: Breaking Strategy at London and NY Sessions
Have you done any serious statistical backtest on this strategy? It would be interesting to see objective data.
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Re: Breaking Strategy at London and NY Sessions
I'm not convinced of the use of the EMA crossing in such a short TF. Doesn't it give you a lot of false signals?
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Re: Breaking Strategy at London and NY Sessions
Do you recommend applying this strategy also in Asian sessions for other peers like AUDJPY?
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Re: Breaking Strategy at London and NY Sessions
I keep spinning the filter with ATR. Very fine that detail.
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Re: Breaking Strategy at London and NY Sessions
Thanks for the content, I'm sharing it with two friends who are also looking for order in their sessions.
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Re: Breaking Strategy at London and NY Sessions
Thank you for taking those of us who are starting seriously, so it is good to read the forum.
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Re: Breaking Strategy at London and NY Sessions
What strikes me is that you use pending orders. Isn't it better to wait for confirmation and enter the market?
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Re: Breaking Strategy at London and NY Sessions
I don't understand how you manage the two pending orders when you only activate one. Do you manually cancel the other one?