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Open Range. Simple Breakout System.

Discussion in 'Trading Strategies & Systems' started by Alex108, May 3, 2008.

  1. Alex108

    Alex108 New Member

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    The Open Range or OR is the simplest and most effective breakout system that gives you support and resistance areas for your trading session.It works on all pairs. It is most effective during US and London open, however it works during all market openings. The the chart shows a breakout from a few days ago on GBP/JPY where it produced 55 pips on initial breakout. The OR is represented by horizontal blue lines. There are many profitable ways to use OR.
    I found a free toolbar that gives instant access to FOREX resources and news http://trade4freedom.ourtoolbar.com/
     

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    #1 Alex108, May 3, 2008
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  2. Ahyork

    Ahyork New Member

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    Hi Alex108,

    I agree with you on the London breakout. It works. By the way, how is your result until now since you start to post this thread ? I am also very interest to know what will be the best methodology to captures the pips by doing so.
     
  3. Alex108

    Alex108 New Member

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    Hi Ahyork, I use the OR breakout strategy along side with other strategies in my live trading room.Feel free to join us daily from 4:30am to 8:00am PST at:
    www.trade4freedom.com
     
  4. Ahyork

    Ahyork New Member

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    Hi Alex108,

    Thanks for your value info. By the way, I am staying at GMT +8, what's yours, 4:30am - 8:00am PST ?
     
  5. Alex108

    Alex108 New Member

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    Hi we are in GMT-8
     
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