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London Forex Open - Trading Room
Agreed, one of the pit falls of the false breakout strategy but one that does
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London Forex Open - Trading Room 01-29-2010 01:58 PM #21
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29-Jan UPDATE
Agreed, one of the pit falls of the false breakout strategy but one that does seem to pay off in the long run, a great end to the week as you say with 250 pips for a 45 risk on each trade, once again - good weekend to all.
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London Forex Open - Trading Room 02-01-2010 07:49 AM #22
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01-Feb
We are currently Short - 1 position hit Target, 2 still open (08:50am).
UPDATE: Both other Targets hit, a nice start to the month +120 pips.
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London Forex Open - Trading Room 02-02-2010 07:39 AM #23
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02-Feb
We are in a False breakout Long.
UPDATE (0930): In profit by +45 so Stop moved to Breakeven.
UPDATE (1800): Almost 100 pips in profit, fallen back a little now - tempting to take profits but will stick to the rules - 125 pips or exit tomorrow at 07:55.
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London Forex Open - Trading Room 02-03-2010 06:44 AM #24
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03-Feb
We took the maximum 125 pips from yesterdays False break-out Long trade.
This morning we have No trend, so no trade for us. An excellent 495 points in the last 4 days though so quite happy to have a "day off".
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London Forex Open - Trading Room 02-03-2010 09:11 AM #25
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Indeed, cracking start to the month.
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London Forex Open - Trading Room 02-04-2010 08:14 AM #26
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04-Feb
Not the strongest of trends being shown today but we still took the Short trade which is currently showing a small loss.
UPDATE (10:10) - Targets 1 & 2 hit for +60, Stop now at Break-even for 3rd lot.
UPDATE (12:00) - Break-even stop taken out for 3rd lot, so +60 pips for us today.
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London Forex Open - Trading Room 02-05-2010 06:39 AM #27
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05-Feb
A "No Trend" morning for us so no trade today.
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London Forex Open - Trading Room 02-08-2010 09:04 AM #28
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08-Feb
Looking to go Short today but no Entry - No trade today for us.
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London Forex Open - Trading Room 02-09-2010 08:59 AM #29
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09-Feb
We were looking for a trade on the Short side again today (just about to pull our orders) which, like yesterday, didn't materialise - So second day in a row - no trade for us.
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London Forex Open - Trading Room 02-09-2010 01:03 PM #30
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Hi all,
I purchased the system recently and believe my set-up is correct. I am using the demo version of Alpari (GMT +1). The LFO indicator says go short as well, and the entry level is 1.5566. But, according to my chart I would have been filled in at 12:51 (chart time), but then it went higher and would have been stopped out at 1.5606, so would have been a losing trade.Not sure if I am allowed to post a screenshot ? I would be grateful if you could enlighten me!
Thanks,
Siva.
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06-15-2010, 10:02 PM
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