How to Trade the London Breakout: Secrets Revealed! 💲📈

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TraderNick

TraderNick

Күн бұрын

Пікірлер: 328
@abhieteja
@abhieteja 4 жыл бұрын
Nick is one of the kindest people in the industry, he's just giving away the information absolutely for free which other guys charge a lot of this. So much value and logics. Appreciate it Nick :)
@zipodipo7923
@zipodipo7923 2 жыл бұрын
yeah he's got a kind face alright. but please stop reminding him what he's doing or he might just start making us pay...dummy..!!
@GabrielhassellAJ
@GabrielhassellAJ 4 жыл бұрын
Finally someone that explains everything clearly!!! Thank you!!
@TraderNick
@TraderNick 4 жыл бұрын
Glad you liked it!!
@user-ck5hp1cy8o
@user-ck5hp1cy8o 4 жыл бұрын
Guess I'm waking up at 3 AM
@sadakbirre6272
@sadakbirre6272 4 жыл бұрын
Where are you
@sillymesilly
@sillymesilly 2 жыл бұрын
@@sadakbirre6272 he is in USA
@bruce350
@bruce350 4 жыл бұрын
This really works and add on the following:- when you get to 1R win (half way) move your SL to 0.5R risk. When you get to 1.5R move to 0R SL. Reduces the losses and improves overall profitability.
@dominic2446
@dominic2446 4 жыл бұрын
maintain a 1.5R trailing stop loss.
@fahkhrifanani5775
@fahkhrifanani5775 3 жыл бұрын
watching this on 2021. really help full nick. thanks for sharing the video. God bless you
@Rehman-vh5ob
@Rehman-vh5ob 3 жыл бұрын
Very good explanation... Thanks dude...♥️
@Infinitelight8888
@Infinitelight8888 5 жыл бұрын
I had a quick backtest of this and wow on the GBPUSD works quite effectively. I’ll definitely work on it more. Thanks for sharing Nick 👌
@davidliao4514
@davidliao4514 5 жыл бұрын
Fredy Infinite light great sharing
@PedroMartins-gp2ei
@PedroMartins-gp2ei 5 жыл бұрын
@@kangokidkidd4037 Backtest it for 3 years, or 1000 trades and then go for it, if you still find it useful. I doubt it.
@davidliao4514
@davidliao4514 5 жыл бұрын
@@kangokidkidd4037 How many risk-return ratio do you use to exit or using trail-stop?
@davidliao4514
@davidliao4514 5 жыл бұрын
@@kangokidkidd4037 thanks,why 40 bucks?
@hustlersfx1152
@hustlersfx1152 4 жыл бұрын
@@kangokidkidd4037 sharp
@Xavier-it8sq
@Xavier-it8sq 3 жыл бұрын
Thank you so much, Nick. this is amazing. Works so well. Wow.. I have never used the sessions indicator before. I am going to watch all your videos. Great content.
@CallumSaundersUtube
@CallumSaundersUtube 4 жыл бұрын
Great video btw Nick, just like to say how i like to enhance profits is to open 3 positions one Tp at 1:1 , one at 2:1 and one using a trailing stop using an atr trailing stop on settings 14 and 1.5
@jamesfxy2295
@jamesfxy2295 4 жыл бұрын
Hey Callum, I hope you and your family are doing well in this difficult time. I would just like to ask you if this strategy is still working for you. I have been backtesting it since Nov '19 to May 22nd '20 with good results using different variations. So far the best results have come using 50 TP/30 SL or 50 TP/30 SL and a 10 pip trailing Stop after 30 pips.
@robmcghie5248
@robmcghie5248 4 жыл бұрын
Too high a risk in midrange ?. Follow the strategy of 10 pips above and below 8am he candle H and L. Cancel the buy or sell stop when break up or down. Do all 6 pairs then set SL and trail at 5 pips. Target only 50 pips Risk Not more than 30 pips. Even at 1:1 six trades is a nice little income for the day and govaway
@MuhammadHanif-gn5td
@MuhammadHanif-gn5td 3 жыл бұрын
You are awsome, Nick
@amarsanaagalbadrah4144
@amarsanaagalbadrah4144 4 жыл бұрын
hi this strategy for all currency pairs?
@TraderNick
@TraderNick 3 жыл бұрын
Thanks for watching guys! Please watch out for scammers/impersonator profiles in the comments. Have a trading related question? Send it here! form.jotform.com/212698422356057
@subscribe_to_bimble
@subscribe_to_bimble 3 жыл бұрын
Excellent. Probably the most thorough-- and quite frankly-- sane strategy for the London session I have ever seen. I laugh at myself because, although I have been using Tradingview for several years I never knew about that session indicator until now. I usually separate the sessions with vertical lines. Pretty silly. I learn something new every day, Thanks much, and all the best on the charts.
@alexamicheal3031
@alexamicheal3031 3 жыл бұрын
I'm an investor I will advice you all not to be convinced by the wrong brokers my best recommendation for you to get in contact with the only honest woman that helped me with a good strategy and I just made my first withdrawal and I'm so happy and grateful Which I'll highly recommend you all to contact with her politely on whatsapp+(18188502226)she is the number one Professor I know she is reliable and also trustworthy she helped me for free and I'm enjoying my investment and steady earnings........
@rickjust
@rickjust 4 жыл бұрын
unless you are trading this live , this is useless. you need to film yourself trading it live every day for a month and post it, so we can see your results
@africanblackdiamondtptheat3068
@africanblackdiamondtptheat3068 5 жыл бұрын
Thank you for everyone who put their video i love all the video i see and i think i can do this. With a small account i know is hard to do it but with your videos i can do it. Thank you
@fxirpk
@fxirpk 4 жыл бұрын
Thanx again brother i love your style of trading
@kelvin.davies1704
@kelvin.davies1704 4 жыл бұрын
is there away to calculate the potential profit of a trade ? I know he took profit at 47 pips , but say I put a 1000 dollars on this trade with a leverage of 1:5 and it moved 47 pips that equals how many dollars profit ? im looking for the method of calculating not the answer
@RaffaTheBantersaur69
@RaffaTheBantersaur69 4 жыл бұрын
dragonforce7123 number of pips X lot size X 10 usually gives accurate estimate e.g. 50pips x 0.1 lot size x 10 = $50
@raymondfrancis7921
@raymondfrancis7921 Жыл бұрын
A very good instructor.
@hannesmaritz2080
@hannesmaritz2080 Жыл бұрын
Hi hallo, I'm new once your channel and I like the way of trading. I also liked the trend trading you explained in a previous video. I'm from South Africa
@tkrober21
@tkrober21 5 жыл бұрын
Great content! I'm going to try this strategy on GBP/CHF with some rules. 1. I can only go short 2. Can only trade if the off hour range is half the pips from the session open trading hours. This is to help keep me out of trades most of the time unless it's a really good opportunity 3. Use trailing stop instead to reduce risk and potentially take more profits
@TraderNick
@TraderNick 5 жыл бұрын
Trent Roberts i love it Trent! Each person has their own unique approach that works best for them. Thanks for sharing your idea! As long as you’ve backtested and outlined your trading plan, I’d say go for it!
@tkrober21
@tkrober21 5 жыл бұрын
@@TraderNick Thanks for the advice. After backtesting I think the trailing stop is too sensitive to handle any sort of volatility since we're on such a short timeframe. It's too bad I can't configure it to switch from a hard stop to a trailing stop after price reaches a certain amount. For example, after we hit the 2:1 profit goal, the hard stop changes to a trailing stop.
@TraderNick
@TraderNick 5 жыл бұрын
Trent Roberts that’s an interesting way of trading it, I haven’t thought of that. Might be pretty effective at catching a bigger portion of some of the big moves we often see.
@Regular.Biceps
@Regular.Biceps 4 жыл бұрын
What's your stop loss and TP in terms of PIPS
@lrpolo
@lrpolo 4 жыл бұрын
Is this best on GBPUSD?
@hollywoodhaixian
@hollywoodhaixian 4 жыл бұрын
if anybody adds this indicator, in order to make it look like his you have to uncheck the asia session or it will have another color block added
@roudyhelou3559
@roudyhelou3559 3 жыл бұрын
How can i do this?
@hollywoodhaixian
@hollywoodhaixian 3 жыл бұрын
@@roudyhelou3559 I haven’t been on in a few months but I think you just go into the settings and check the sessions you want
@TradingForexTV
@TradingForexTV Жыл бұрын
Thanks!
@needlesandyarn
@needlesandyarn 3 жыл бұрын
Can you make a video about trading using harmonic
@alexamicheal3031
@alexamicheal3031 3 жыл бұрын
I'm an investor I will advice you all not to be convinced by the wrong brokers my best recommendation for you to get in contact with the only honest woman that helped me with a good strategy and I just made my first withdrawal and I'm so happy and grateful Which I'll highly recommend you all to contact with her politely on whatsapp+(18188502226)she is the number one Professor I know she is reliable and also trustworthy she helped me for free and I'm enjoying my investment and steady earnings....
@antonbelo6686
@antonbelo6686 4 жыл бұрын
Thanks nick for sharing your knowledge its really of great help.
@watchmeflydrone4614
@watchmeflydrone4614 4 жыл бұрын
love for the information man, appreciate a lot
@elizabethking3470
@elizabethking3470 3 жыл бұрын
Amazing content, thanks mate!
@elizabethsnyder8644
@elizabethsnyder8644 2 жыл бұрын
This is the strategy I developed for gbp usd! But this refined it a bit more. So glad I found this video. Thanks for all you do!! I love your channel
@Andrea-lq8so
@Andrea-lq8so 5 жыл бұрын
Good info! Love this clip and trading potential.
@TraderNick
@TraderNick 5 жыл бұрын
Thanks Andrea! Glad you got something from this video.
@arthurbates2665
@arthurbates2665 5 жыл бұрын
Great Video simple yet effective.
@BiggestGP
@BiggestGP 4 жыл бұрын
Why have i never seen you place a trade?
@moving4snet43
@moving4snet43 4 жыл бұрын
So informative ,thank you Nick
@Antoschka07
@Antoschka07 4 жыл бұрын
I’ve been trading for over ten years now and I believe the best way to use the London breakout strategy is by getting a good broker who can help you explain and manage the new and growing account.
@samueljohnson8261
@samueljohnson8261 4 жыл бұрын
How do I get to use this strategy?
@TheFerrerc
@TheFerrerc 4 жыл бұрын
How will I know if I’m trading with a good strategy?
@johnclifford23
@johnclifford23 4 жыл бұрын
Trading have been really difficult for me, I’ve been trading for long now and still no better income, so I start watching few videos online searching for methods to maximise my income.
@adonischavez8950
@adonischavez8950 4 жыл бұрын
How can I get more info about this new trading strategy?
@Antoschka07
@Antoschka07 4 жыл бұрын
The only broker or account manager I know of and well assured that he will help anyone in the trading system, is @Traviskelvin on telegram. He’s actually the pro-trader I’ve met and he’s among the most top traders in the market.
@robmcghie5248
@robmcghie5248 4 жыл бұрын
Thanks for Trading view tool I must start using all the time. Trading pending orders 😊
@jaheimholmes719
@jaheimholmes719 5 жыл бұрын
Broo Wtf😯 This is heat🔥
@sluggmeister7705
@sluggmeister7705 3 жыл бұрын
This information is worth millions. IDK why Nick posted this for free.
@MNJ90
@MNJ90 Жыл бұрын
This strategy looks promising.
@OnlineScammersExposed
@OnlineScammersExposed 5 жыл бұрын
Really informative. Thanks
@joshualuna7112
@joshualuna7112 3 жыл бұрын
I came from a burn out.. this is refreshing
@cedgriff
@cedgriff 4 жыл бұрын
I work 3rd shift on Central Time. When the London opens, I'm usually on my lunch break. This is Perfect !!!
@aidankoen1600
@aidankoen1600 4 жыл бұрын
Hey Nick. Your content are very helpful and handy. Thank you for sharing your knowledge and time on making these videos. As a trader I learned something valuable today for my journey. I wish you all the best and may God bless you on your journey. #PracticeMakesProgress
@CaptainCaveman782
@CaptainCaveman782 4 жыл бұрын
this strategy is nothing better than random now,
@cryptodread3318
@cryptodread3318 4 жыл бұрын
If we don't hit TP 2 when do we get out the trade TS? how many pips They can't hit TP2 every single trade correct?
@RadicalHippie
@RadicalHippie 2 жыл бұрын
This is going to take my trading to the next level especially if your a price action, Supply and Demand trader thanks Nick!!!
@wasimahmad9518
@wasimahmad9518 4 жыл бұрын
Once it was a very good approach ko catch pips but now a days it's accuracy is about 50/50.
@wesleybrooks2337
@wesleybrooks2337 4 жыл бұрын
Nick just want to say thanks, I looked at this video and was able to build my account from $ 200 to $ 834 in 6 months. An am hoping to join your VIP Community soon.
@alihamrah
@alihamrah 4 жыл бұрын
Wesley Brooks can you please give us the date you started trade this strategy and which pair ? Thanks
@farizafaf
@farizafaf 4 жыл бұрын
really? I only get like 20% a mont on gbpjpy backtest
@hrob6381
@hrob6381 3 жыл бұрын
Good video, but let's not get carried away
@johnelleantorremotcha1519
@johnelleantorremotcha1519 5 жыл бұрын
hello sir!. .i am newbie in the forex market and i am learning a lot on your channel. . I just want to ask of how can I get the session chart indicator for mt4 platform?. . thanks for sharing your knowledge. .
@5cenation
@5cenation 4 жыл бұрын
hey nick,can you make a video on newyork session
@alexamicheal3031
@alexamicheal3031 3 жыл бұрын
I'm an investor I will advice you all not to be convinced by the wrong brokers my best recommendation for you to get in contact with the only honest woman that helped me with a good strategy and I just made my first withdrawal and I'm so happy and grateful Which I'll highly recommend you all to contact with her politely on whatsapp+(18188502226)she is the number one Professor I know she is reliable and also trustworthy she helped me for free and I'm enjoying my investment and steady earnings......
@davidliao4514
@davidliao4514 5 жыл бұрын
Thanks TraderNick
@edalleba8773
@edalleba8773 4 жыл бұрын
Thank you Nick. My trading view has no Session Chart Indicator. How can I add to it. Thanks
@edalleba8773
@edalleba8773 4 жыл бұрын
now i found it. thanks
@pauldomino
@pauldomino 4 жыл бұрын
So many different ways to trade this strategy but which ones are actually profitable!?
@prasadjadhav624
@prasadjadhav624 2 жыл бұрын
Which r the best pairs for this strategy
@dannywawrzycki572
@dannywawrzycki572 2 жыл бұрын
Do you live where your opening video is located? Nice place.
@scbrit6483
@scbrit6483 4 жыл бұрын
Did you back test this?
@kije_
@kije_ 4 жыл бұрын
Thanks Nick, but what about the Fake Breakout London ? How to identify fake breakout? Thanks
@andrewpollard6243
@andrewpollard6243 4 жыл бұрын
Hi Nick, Nice video could you tell me what is the start and finish time of the break out box. do you wait for the first hour of london opening to complete ie 9am before placing the trade.
@josaipan1906
@josaipan1906 4 жыл бұрын
why use 15 minute timeframe why not 5 minute?
@ModernMafia420
@ModernMafia420 5 жыл бұрын
I have a 1000$ account and because of this strategy I’ve been making 500$ a day for the past 3 weeks
@ModernMafia420
@ModernMafia420 5 жыл бұрын
I’m just letting you know what I’m doing, can’t be mad at you everyone trades differently
@ModernMafia420
@ModernMafia420 5 жыл бұрын
I have proof though you’ll hear about me one day
@ModernMafia420
@ModernMafia420 5 жыл бұрын
I tried high risk in the most vollitile sessions
@ModernMafia420
@ModernMafia420 5 жыл бұрын
Check my most recent video of you would have took that trade you would have made your money depending on your risk
@ModernMafia420
@ModernMafia420 5 жыл бұрын
I get 3 or 4 good day trades, usually Monday Tuesday Wednesday maybe Thursday, Dm me m8 what’s your ig I will show u in one day what I can do
@pmcdow52
@pmcdow52 5 жыл бұрын
Awesome..........just finding that time chart was a big help. I always wondered about the time at the bottom of Trading view if it was our time or their time.....Now I know..
@hemantverma205
@hemantverma205 Жыл бұрын
Sir how to apply this statgeyes in Indian market banknifty index
@321imsteve3
@321imsteve3 4 жыл бұрын
hi, nick. I'm from Belgium ( Europe ) I guess that we 9 in the morning for me ,right? grts
@Cjcool03
@Cjcool03 4 жыл бұрын
I appreciate it Nick, great video. I live in Austria in Europe we have the almost same time to trade GBP/Usd.
@Keerahmendes
@Keerahmendes 4 жыл бұрын
hello
@emni71bd15
@emni71bd15 3 жыл бұрын
@@Keerahmendes hi
@t.analyst
@t.analyst 5 жыл бұрын
Please sir can I use this as my edge in the market.. Can I use only this strategy all through my journey in forex and make it??
@haribo1330
@haribo1330 5 жыл бұрын
Olamide Nurudeen yeah you can mate
@ugoezeobijuru7821
@ugoezeobijuru7821 4 жыл бұрын
I really need your help Trader nick 😭
@tradernick2596
@tradernick2596 4 жыл бұрын
ON what please
@alexamicheal3031
@alexamicheal3031 3 жыл бұрын
I'm an investor I will advice you all not to be convinced by the wrong brokers my best recommendation for you to get in contact with the only honest woman that helped me with a good strategy and I just made my first withdrawal and I'm so happy and grateful Which I'll highly recommend you all to contact with her politely on whatsapp+(18188502226)she is the number one Professor I know she is reliable and also trustworthy she helped me for free and I'm enjoying my investment and steady earnings......
@jericac7406
@jericac7406 4 жыл бұрын
Will the session name be the same colors on all charts?
@alexamicheal3031
@alexamicheal3031 3 жыл бұрын
I'm an investor I will advice you all not to be convinced by the wrong brokers my best recommendation for you to get in contact with the only honest woman that helped me with a good strategy and I just made my first withdrawal and I'm so happy and grateful Which I'll highly recommend you all to contact with her politely on whatsapp+(18188502226)she is the number one Professor I know she is reliable and also trustworthy she helped me for free and I'm enjoying my investment and steady earnings.....
@jonathanhamilton7497
@jonathanhamilton7497 4 жыл бұрын
Whaaat trader nick is from Atlanta let’s gooo!
@rodollaz938
@rodollaz938 4 жыл бұрын
broooo. i watched this video got into the market and easily caught 60 pips. one of my best profits yet .3 standard
@johazielcastillo3433
@johazielcastillo3433 5 жыл бұрын
Question please, why do you prefer 15min chart. I like the 15min chart but I have been using the 1hr for entry and break outs. Will I get more accurate entries in the 15min? I am not doing bad but I would like more accuracy to feel more confident.
@chirabrianchira
@chirabrianchira 5 жыл бұрын
From Kenya with love
@wangarimuhuthu8558
@wangarimuhuthu8558 5 жыл бұрын
from Kenya with love too
@leonsholo
@leonsholo 4 жыл бұрын
😂😂😂kenya too
@Zak09876
@Zak09876 5 жыл бұрын
Broker let us win constantly? They stop hunt. Your views please.
@richb3456
@richb3456 3 жыл бұрын
Your videos are always so clear and simple to understand. Also, you are not an annoying idiot which helps! Good stuff, Nick 👍
@Canela1220amer
@Canela1220amer 5 жыл бұрын
Excellent video. I do the same thing that was explained the only thing i would add is to check currency strength between 3am and 4am eastern time.
@TraderNick
@TraderNick 5 жыл бұрын
Hey Danny! Awesome idea. Looking for the strongest moving pairs could be a great way to add an effective filter to your trade.
@felishapoole6735
@felishapoole6735 4 жыл бұрын
Thanks for the BOMB ass tutorial!!!! I've paid money and got nowhere. Here you go giving away the GOODS FOR FREE. THANK YOU SO MUCH!!!! I'M FOREVER A FAN..
@campschwifty2712
@campschwifty2712 4 жыл бұрын
Great vid! Is there a certain time after London open that the strategy becomes invalid after breaking the price range between New York close and London open?
@dsj19
@dsj19 3 жыл бұрын
hey Dan best advice is to understand market structure, there's no set time since the market can make changes at any time
@keithfrye1726
@keithfrye1726 4 жыл бұрын
A good filter comes using an Ema 50 or 60 (h1 tf) to at least trying to avoid the counter trend ,and entering only in 2 scenarios :1) agressive - when the h1candle closes out and waiting for price to test back the range and consolidate ( requires bit of PA skill bt).so on ascending EMA one would wait for a bullish b/o only. In case of bearish b/o and ascending EMA ,there will be plenty of time to enter on the retest once the EMA curved down later during the day, the opposite for the descending EMA, Used it for very long time. You see none is so hard to pull through once you pay proper attention and put your mind to it
@keithfrye1726
@keithfrye1726 4 жыл бұрын
I learnt from one of the best brokers and he makes me the best profit margins his teachings a come in handy I see myself growing into the trader I have always wanted to be.
@keithfrye1726
@keithfrye1726 4 жыл бұрын
Nathanellvl @ g ma il C 0 M get to him for any form of assistance
@oliviaborsellino6598
@oliviaborsellino6598 4 жыл бұрын
Hello there about a month ago I saw this comment here and decided to give this a try and invested $ 5000 for a start and 2weeks later he made us $36,480 in total profit. Thank you once again for this I wouldn't have found out about his services without you thank you Keith.
@crashandburngaming5103
@crashandburngaming5103 4 жыл бұрын
Always watch for a rebound after 1-2 hour after the market opens that could whiplash you out too quickly. I use the 12,24,50,100 ema’s. Coupled with the rsi and hull MA. I only take trades that breakout from the 50,100ema, that keeps me out of most of the whiplash, and gives bettr confirmation of a trend that you can capatalize on. My targets are 30-40 pips, then sell half and set trailing stop on rest. Works for me. $200 - plus days trading 1 lot only.
@Mr10pips
@Mr10pips 4 жыл бұрын
Agreed 100 percent , because last night there was a small whipsaw before the initial move up , I also wait 1-2 hours to clearly see what's going on
@bjamesm
@bjamesm 3 жыл бұрын
No need for the background music. It took away from quality of the video, not added to it. I'd rather hear your genius more clearly than silly background music.
@larsgroeneveld7334
@larsgroeneveld7334 4 жыл бұрын
Do I have to adjust the times when I live in another country?
@elonmusk400
@elonmusk400 4 жыл бұрын
8:55 box breakout - book [ naked forex ]
@yougooner
@yougooner 5 жыл бұрын
Your videos are very helpful👍
@TraderNick
@TraderNick 5 жыл бұрын
That makes me feel good to hear! Have an awesome day. Love the picture in your profile picture by the way!
@moalima699
@moalima699 2 ай бұрын
This is an awesome video. Thank you Nick greatly appreciated the video❤
@GinoBird
@GinoBird 4 жыл бұрын
Hi Nick, does this strategy still work today?
@seandalejackson2525
@seandalejackson2525 5 жыл бұрын
I appreciate it Nick, great vid!!!! KEEP CLIMBING!!
@TraderNick
@TraderNick 5 жыл бұрын
Means a lot Jackson! Have an awesome day man.
@jamesmurray5345
@jamesmurray5345 2 жыл бұрын
shift and press ..............................................................then you carried on.
@thejword
@thejword 6 ай бұрын
Thanks. Isn't it better to wait for a pullback before entering?
@marcbarling2649
@marcbarling2649 3 жыл бұрын
wondering why you dont call the quiet time the Asian session as thats what it is?
@user-gm4lo8hu4i
@user-gm4lo8hu4i 3 жыл бұрын
Is there a way to avoid fake breakouts?
@theelevatedinvestor9166
@theelevatedinvestor9166 3 жыл бұрын
Yes, if you are about to buy/sell a breakout. Make sure the other side of it doesn't have equal highs/lows. For example, if you are about to buy a triangle breakout to the upside, make sure the bottom part of triangle doesn't have equal lows. This technique is useful because the equal lows act as obvious resistance and traders will place their stop losses there. Making them susceptible to market makers. The equal lows/highs will help keep you out of bad trades.
@jasonnwokeji4107
@jasonnwokeji4107 3 жыл бұрын
@@theelevatedinvestor9166 thank you!
@semihpelin
@semihpelin 4 жыл бұрын
thaks nick
@jerrypelletier2328
@jerrypelletier2328 3 жыл бұрын
3am is not the middle of the night, its a little earlier in the morning!
@Shashank230
@Shashank230 2 жыл бұрын
Nick bro make a video on significance of volume in fx market
@barryclyde6809
@barryclyde6809 4 жыл бұрын
Excellent video Nick, really appreciate your knowledge. Keep the good work up mate!
@Anthonyij
@Anthonyij 5 жыл бұрын
Thii guy is a lecturer not a trader.
@yameeyum5178
@yameeyum5178 3 жыл бұрын
Hi Nick... thanks so much for sharing all these wonderful gems...amazing content! Currently looking for a true ecn broker that accepts scalping. Any suggestions? Also, I was wondering what broker do you use? I live in America as well. Your help would be greatly appreciative.
@alihamrah
@alihamrah 4 жыл бұрын
Hi nick @tradernick I put more than 6 hours of my time over 3 days and manually back tested this strategy from 01/03/2018 to 08/08/2018 , 114 trades only 32 wins !!! I think this strategy on its own doesn’t have edge over the market.
@shesadreamer22
@shesadreamer22 4 жыл бұрын
What was the risk reward ratio?
@dsj19
@dsj19 3 жыл бұрын
You need to refocus on market structure. This strategy is one of many strategies that works. Every strategy isn't good for every trader though depending on how they see things on the chart
@alihamrah
@alihamrah 3 жыл бұрын
@@dsj19 as far as I understand it’s a rule base strategy not a discretionary, if we consider the other factor I agree it can make a huge difference, I personally trade kind of London open strategy base on 8am Uk time 1hr candle if it’s green I go long if it’s red I short it if you trade it as I said you loosing but over last 4 years I learned if you try to win couple of pips more or lose couple of pips less every day you come out positive !!!!
@dsj19
@dsj19 3 жыл бұрын
@@alihamrah Yea just advice. Being able to see higher highs and higher lows would drastically make this better, he didn't mention cus he doesn't use it I guess but it goes hand and hand. If you you see a HH and HL or vice versa you can see the structure that acted as S/R. There are structures that only visible on certain time frames. Switch to 5 minute time frame Just to see structure breaks, GBP USD doesn't have alotta structure breaks on the 15 min time frame and above they come less often. (not good if you're trying to get in and out in the same day )
@MattDoelandMusic
@MattDoelandMusic 3 жыл бұрын
...the ‘white section’ is the Tokyo session...that means people who live in Australia can trade the London session after dinner. 👍
@naoufelboubaker6646
@naoufelboubaker6646 4 жыл бұрын
ATL in the house nice
@MrSelfTaught
@MrSelfTaught 5 жыл бұрын
@traderNick So, we would get have to start the process at 3am est time, and place our support and resistance lines then wait for the price to break out and close above or below the zone, and then take the trade? Is that correct? And this is done on the 15 min chart? Just wanted verify that I understand this concept.
@TraderNick
@TraderNick 5 жыл бұрын
Yup! But make sure you watch towards the end where I talk about some ways to possibly increase probability!
@MrSelfTaught
@MrSelfTaught 5 жыл бұрын
@@TraderNick Thank you. One more question, do you set a Take Profit as well, using your short /long position tool?
@TraderNick
@TraderNick 5 жыл бұрын
Yes! I set a take profit on each of my trades. Long or short.
@toeknee96
@toeknee96 Жыл бұрын
hi Nick tks for the video. will this also work trading the US break out session? In other words take the high and low of the London session and trade the break out during the US session. Appreciate your feedback
@guyredares
@guyredares 5 жыл бұрын
Nice video Nick but there is enough research out there that shows this strategy, which is pretty easy to automate and test has no edge. So how do you really trade for consistent profits?
@TraderNick
@TraderNick 5 жыл бұрын
Guy Redares trading success is not entirely a science in my opinion. There’s a reason why system trading or entirely technical strategies rarely work. There is an art to it in my opinion, and each individual has their own “best approach” to make money in the markets. A simple “buy here” and “stop loss here” would be nice, but it’s more complex than that. Adding your own spin and finding your own style is what has worked for me. Best of luck Guy!
@guyredares
@guyredares 5 жыл бұрын
Glad to hear that Geoff, trust me I am very dedicated and hard work doesn't scare me
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