Map of the Market with Breakout
Map of the Market with Breakout
is a trading system whose purpose is to identify the movements that
occur on a day in all three sessions (Asia, Europe, America).
Time Frame 15 min.
To achieve this goal I have identified
five boxes on the chart:
first (2:00 -3: 00);
second (5: 00- 6: 00);
third (9: 00- 10:00);
fourth (15: 00- 16:00);
fifth (17: 00- 18:00).
These boxes are determined by the fact
that the market movements on average occur after these hours.
First way
Buy
Place a buy stop order 2 pips above the
last 15 minute candle of the box.
Sell
Place a sell stop order 2 pips below
the last 15 minute candle of the box.
Second way
Buy
Place a buy stop order 2 pips above the
high of the box.
Sell
Place a sell stop order 2 pips below
low of the box.
Profit target 15-20 pips. Aggressive
profit target 5-7 pips.
Initial stop loss 20 pips after 14 pips
in gain move stop at the breakeven.
You can also use a trailing stop of
15-18 pips.
In the examples show both ways to buy
and sell.
I recommend the second, to consider,
the maximum and minimum of the box to place pending orders.
Map of the Market with Breakout
Reviewed by learn forex trading
on
December 22, 2015
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