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Breakout Simple Technique
Because I stay in Indonesia, then this technique can be adapted to the time of trading in their respective countries yes .... A simple, open at 9am Morning chart western Indonesian time. calculating a total distance of pips from the opening of Asian markets until 9am. if its pips range between 15-25pips then this technique can be used. post pending order, buy stop and sell stop. 25-35pips take profit. do not forget to put a stop loss. uwala ,,,,,, see later in the session of the European market. What happened? Whether the affected TP or SL. remember the condition of not more than 25pips, distance from the open market until 9am western Indonesia time. This technique is very good at using in the EURUSD pair. in one month of work, we can Achieve more than 500-700 pips. even more!
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sniperfx wrote:
Because I stay in Indonesia, then this technique can be adapted to the time of trading in their respective countries yes .... A simple, open at 9am Morning chart western Indonesian time. calculating a total distance of pips from the opening of Asian markets until 9am. if its pips range between 15-25pips then this technique can be used. post pending order, buy stop and sell stop. 25-35pips take profit. do not forget to put a stop loss. uwala ,,,,,, see later in the session of the European market. What happened? Whether the affected TP or SL. remember the condition of not more than 25pips, distance from the open market until 9am western Indonesia time. This technique is very good at using in the EURUSD pair. in one month of work, we can Achieve more than 500-700 pips. even more!
Nice one, theres actually a reason that this happens.....make sure you go wherever the trend went and it should work close to 70%.
For this type of strategy don't use a fixed TP.
Use trailing stop instead because you could have some giant surprises sometimes 
Ok, many times market will hit your TS for a little amount of profit but with this tactic you limit the risks to see a fixed Stop explode after the price gone near your fixed TP 
)
I'm actually trading similar breakout strategy - but it's mostly London session breakout. In general a good stuff and made me good profit last year. But right now when markets are calm it doesnt produce anything. All these break outs work well only when the market make big swings during the sessions. On average the there are only about 50% of profit trades (at least in my case) so we need to utilize proper money mgmt.
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