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Old 09-20-2006, 04:29 AM
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phoenix phoenix is offline
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it seems like this system but why don't you add this as a plus or combine with your system

London Breakout System
  1. get high & low of 9-13 GMT
  2. draw line +5 pips above high 9-13 hr, and -5 pips below 9-13 hr
  3. enter long if price go above +5 line , enter short if price go below -5 line
  4. set SL @ low mark for buy order, vice versa
  5. move SL to high mark when get 30+ (EU) or 40+ (GU), or close 70% of the whole order (partial close)
  6. TP 80 (EU) or 120 (GU)
  7. exit all @ 23 GMT (but 22 GMT on Friday)
  8. if the price go against you & touch SL..take opposite trade @ 23 GMT
  9. close all position @ london open
maybe give you more ideas ..

cheers
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