Thread: Market open breakout system

looking for asia open/ london open / new york open breakout system

many thanks

Volatility breakout systems are based on the premise that if the market moves a certain percentage from a previous price level, odds favor some continuation of the move. This continuation might only last one day or go just a bit beyond the original entry price, but this is still enough profit to play for. In any case, a trader must be satisfied with whatever the market is willing to give.

Some traders look to weekly breakouts. So, if today’s close is higher than the previous week’s high or today’s close is lower than the previous week’s low, it is called a trend change.

With a breakout system, a trade is always taken in the direction that the market is moving at the time and is usually entered via a buy stop or sell stop. The bit of continuation that the trader is looking for is based on the principle that momentum tends to precede price.