Daily breakout trading system
At the start of each trading session, you will receive an email with the author's new posts. This article written by Maite Krausse was originally published trading the november issue of Traders' Magazine. Maite Krausse has been interested in the stock markets since taking her degree in business administration. Today trading is a professional day trader and is specialised on forex. Her husband and Maite offer professional support to traders — finding daily trading signals, trading and tips. How to Trade Breakouts in Forex It is always the same question for traders of all experience-levels in Forex: Which strategy achieves the most profit and which trading system will save the account in the forex market? We cannot promise breakout Holy Grail, because it simply does not exist in trading. But there is a helpful strategy that achieves high profits in volatile market phases: Simple Approach — Huge Effect. 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Close alert You've unfollowed this author. You won't receive any more breakout notifications from this author. We use the volatile trading times of the European and American trading session 8 am breakout 10 pm Central European Time to cover the fundamental events. The highs until 8 am are the upper border and the resistance level and the lows are the breakout levels. If the price exceeds the daily or undercuts the low, the breakout order above the high or the sell order below the low is executed. The trader does not need to watch the chart the whole time — we enter pending orders at 8 am for the buy and sell entries. As soon as a system or sell order is executed the trade trading managed all day — we use a 1: We do not risk more than one or two per cent of trading capital per trade trading in contrast to four or eight per cent of profit daily. Trade management is simple with an system trailing stop of 15 to 25 pips. System this time we determine the highs and lows. We enter two to five pips above the high or two to five pips below the low. Furthermore, we look at support and resistance levels in the hourly chart. We determine sell orders above resistance and sell orders below support. This is a very human feeling and therefore you need a strong trading plan with fixed take-profit rules. We calculate it based on the RRR and we follow it strictly. For example, we can determine the stop-loss SL at 20 to 30 pips. The take profit TP is determined at 40 to pips, depending on market fluctuation. We choose a smaller TP in quiet market phases and a higher Daily on days of interest rate decisions trading other big events. If a trade is stopped out with a loss, we can re-enter on the same day, again with a pending order. The breakout strategy is now clearly determined and breakout helps the psyche of system trader — breakout out greed and fear. You should always follow your entry and exit rules and you should accept false trading or huge profits after your TP. Filter by topic system author in Education Results. The Daily Breakout Strategy.
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