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Thread: Candle Breakout before London Session

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    Default Candle Breakout before London Session


    Almost everyother day or everyday, Breakout candle happens just before the opening of a London Session. Tokoy is very quite for eur/usd, thats why we see quiteness and waiting for a breakout,

    Logic is this.
    Look for previous 10 (variable) candles. If current candle's distance from opening and closing is double of a previous(sum) 10 candles then open a position towards break out. TP. TS, SL And time start finish . Stop Trading after close of a 3rd (varialbe) hourly candle.
    Last edited by tkaboris; 04-03-2009 at 00:51.

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Tags for this Thread

breakout, candle, candles, closing, eur, eur/usd, london session, stop, time, trading, usd

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