Simply the Best Forex London Open Breakout Trading Strategy by www.forexmentorpro.club
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Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Ed Rogers Thanks for this insight. I find your videos fascinating and helpful.
Hi Sir, I heard that any strategy can work only for limited time not longer time. Is this still working? If yes then why brokers are allowing to win us for long time? Please explain. Thanks in advance.
Also, can this strategy be used on Fridays?
Great video! Would this work on gold?
Good system! So what uk time do I trade this?
What's currency pairs does it work best with.?
Hi Ed – Very clear video. Do you recommend a time to cancel the pending orders if no break out occurs?
i had one question, where i live it's gmt+3, so for me i'll draw lines at 5pm and 7pm correct? and my UK based broker said in a few days they're clocks will go back an hr, so will i have to start drawing lines an hr early as well? your help would be greatly appreciated!
Hi Ed, Is this a 5 part video series? I'd like to purchase it, if it is available. I specifically would like to know what pairs this strategy works best with. Thanks!
Is 14:00 GMT New York open?
Why need to be in 15 minutes candles, the max and min doesnt get recorded on chart in 1 hour candles, also its all in stop orders, just asking?, and starting backtest, its for majors or for a certain group of pairs.
Do we have to wait until the 16:00 hourly candle is finished, or until the first 15 Candle after 16:00?
Hello Ed, the strategy seems to work in back testing. I'm quite hopeful. You mention that the CHF is not good for this strategy. Are there any others that DON'T work as well? What about the JPY? Thanks!
I love trading the London Breakout session.. Your videos are the BEST by far on this subject and I thank you very much!
I don’t think open means what you think it means…😂
I just had one question .. If this the London open.. Why do you also trade EURUSD? and USDAUD?
Why its called "London Open trading Stratgie" when you start trading at 16:00 GMT thats 30 minutes before London closes, or am i wrong with the time settings?
Thanks for your video. My first question is when do I draw the lines. Is it b4 14hrs and 16 hrs gmt. My second question is which pending order to use, is It buy or sell order or limt
hello sir, superb trading tips, I back tested and works. I only have a confusion about my chart, my brooker has GMT(0) time zone so my mt4 is also in GMT. but when I drw line, time is diffrent ( line showing different time than time ruler at bottom of mt4 chart). I don't know y. any help will be appreciated.
yes, this is simply the best
Thank you for the videos. keep it up
One big question this strategy is to GMT or GMT +1 because london time is now at GMT +1
When you gonna upload video 5?
Does the news release need to be of certain impact i.e. Low, Medium or High in order for this strategy to work?
Can you tell when NOT to use this strategy? Thx.
Thank you for the videos
Hi, just watched your video and 12:12 minutes into it, you said and show to place Buy-Limit Order At High. Shouldn't it be Buy-Stop Order at High?
Its NY open. do 50 pips criteria also applicable on London open?
Awsome stuff, just one question: Let's assume that the low point price happened at the end of the last candle, mean at 16:00, so the price is already at its pending order entry point, in this case, we are setting the pending order meanwhile the price had already reached it, right ?do we have to go ahead with that trade in this case ? hope I made it clear, lol… Thank you
These hours are during at the end of the London/NY overlap. That's not the open of the London market.
good
looking for video 5, which currency pairs to use and money management. I just can't seem to find it.
I did try it…., it works fine, thanks
is there any strategy for GBPJPY ?
I will test it for myself. Thank you for this video :)!
professional
US dollar pairs are good for this strategy correct? If so should they be the majors only?