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London Session - Opening Range Breakout - GBP
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Created: by PragmaticQuant Attachments:16

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London Session - Opening Range Breakout - GBP

  #11 (permalink)
Elite Member
Munich, Germany
 
Futures Experience: Intermediate
Platform: Investor/RT, Tradesignal
Favorite Futures: CME/GE (Eurodollar), CBOT/ZB, EUREX/FGBL + Currencies (CME/IMM, FX/Spot)
 
Posts: 14 since Oct 2011
Thanks: 2 given, 4 received

Day 9 - Mon, 13 Jul 2015

LON

Mechanical Breakout System


Upside breakout: +/-0

Triggered an upside breakout. Reached breakeven, but did not hit target. A pullback into the overnight range stopped the trade at BE.

(Without automatic trade management the trade would have reached target after the pullback)



Stats

EOD PL: +/-0
Running PL: +102 (unch)

Attached Thumbnails
London Session - Opening Range Breakout - GBP-gbp-20150713.png  
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The following user says Thank You to PragmaticQuant for this post:
 
  #12 (permalink)
Elite Member
Munich, Germany
 
Futures Experience: Intermediate
Platform: Investor/RT, Tradesignal
Favorite Futures: CME/GE (Eurodollar), CBOT/ZB, EUREX/FGBL + Currencies (CME/IMM, FX/Spot)
 
Posts: 14 since Oct 2011
Thanks: 2 given, 4 received

Day 10 - Tue, 14 Jul 2015

LON

Mechanical Breakout System

Downside breakout: -24
Upside (false) breakout: -24
Net: -48

Quite small overnight range with 19 ticks. Showed again than too small overnight ranges are prone to whipsaw.

Triggered an downside breakout. Did nor reach breakeven, a pullback into the overnight range stopped the trade at -24. Triggered a false upside breakout, hit again SL (-24).

Finally the market rallied after BoE Carney statements. Was not in this trade.




Stats

EOD PL: -48
Running PL: +54

Attached Thumbnails
London Session - Opening Range Breakout - GBP-gbp-20150714.png  
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  #13 (permalink)
Elite Member
Munich, Germany
 
Futures Experience: Intermediate
Platform: Investor/RT, Tradesignal
Favorite Futures: CME/GE (Eurodollar), CBOT/ZB, EUREX/FGBL + Currencies (CME/IMM, FX/Spot)
 
Posts: 14 since Oct 2011
Thanks: 2 given, 4 received

Day 11 - Wed, 15 Jul 2015


LON

Mechanical Breakout System

Upside breakout: +/-0


Triggered an upside breakout. Did not reach breakeven or target ahead UK news. Scratched the trade manually.




Stats

EOD PL: +/-0
Running PL: +54 (unch)

Attached Thumbnails
London Session - Opening Range Breakout - GBP-gbp-20150715.png  
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  #14 (permalink)
Elite Member
Munich, Germany
 
Futures Experience: Intermediate
Platform: Investor/RT, Tradesignal
Favorite Futures: CME/GE (Eurodollar), CBOT/ZB, EUREX/FGBL + Currencies (CME/IMM, FX/Spot)
 
Posts: 14 since Oct 2011
Thanks: 2 given, 4 received

Day 12 - Thu, 16 Jul 2015

LON

Mechanical Breakout System


Upside (false) breakout: -37
Downside breakout: +30
Net: -7



Triggered an upside false side breakout. Did nor reach breakeven, a pullback into the overnight range stopped the trade at -37. Triggered downside breakout, reached breakeven and target without a pullback.





Stats

EOD PL: -7
Running PL: +47

Attached Thumbnails
London Session - Opening Range Breakout - GBP-gbp-20150716.png  
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  #15 (permalink)
Elite Member
Luxembourg
 
Futures Experience: Intermediate
Platform: Ninja trader, Metatrader.
Broker/Data: NinjaTrader Brokerage
Favorite Futures: FX, CL, GC.
 
yiehom's Avatar
 
Posts: 54 since Dec 2012
Thanks: 10 given, 40 received

Hi Pragmatic,

What are the times on your charts? cest or est ? I see a breakout in London at around 2:00. Can that be cest or even British time?

My own experience with London open is that most breakouts fail, so one should be aware of the many fake outs and look to trade them. They often make the low/high of day, depending on the prevailing trend.
Indeed the best time to trade European currencies.

Yiehom




PragmaticQuant View Post
LON

Mechanical Breakout System


Upside breakout: +30

Triggered an upside breakout. Hit target after short initial sideways action.


Stats

EOD PL: +30
Running PL: +102


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