Time: GMT+8
GBPUSD breakout of 8 a.m. - 3.05 p.m.
Will enter when high or low is breached. I usually enter between 2-4 lots. For the first 1 or 2 lots, I'll take profit at 100 pips, remember to breakeven at 50 pips. 3rd lot to TP at 200 pips, and the last one the let run.
If the trade after 3.05 p.m. is closed, especially if it broke even, I'll try again at 6.05 p.m. Same rules apply. If the 3.05 p.m. trade was a loss, I'll re-enter the next day.
Monday, March 2, 2009
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