Newstimes

Simple Break Out Strategy

Here is a great breakout strategy that just made me 10 pips on USDCAD. When you see price action go flat (usually after US market close and before UK, EU, and US Open) simply draw your trend lines and visually determine a good entry point 10-20 pips above and 10-20 pips below the high and low of the narrow channel that’s developed.

Place entry orders above the highs and below the lows to grab 10 pips and voila…

Some factors to consider…

Upcoming News Times
Market Open / Close Times
Elapsed Time

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Tags: Breakout, Market Hours, Newstimes, Trading Strategy

Wednesday, April 28th, 2010 Trading Strategy No Comments

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