My Asian Breakout trading Journal
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Thread: My Asian Breakout trading Journal

  1. #1
    Only a simple breakout procedure.


    Wallpaper:
    I look at asia session as a Great time to set up breakout commerce for
    Europe/Asia overlap session along with Europe session.

    I trade GBP/USD and USD/CHF for better volatility.

    From data here is the trading range of GBP/USD between 2002 to 2004. Of course this is a rough figure.
    Europe/Asia overlap: 43 pips (EST 2am to EST 4 am)
    Europe session: 112 pips (EST 2am to - noon)
    U.S/Europe overlap session: 78 pips (EST 8am to EST noon)

    From data here is the trading range of USD/CHF between 2002 to 2004. Of course this is a rough figure.
    Europe/Asia overlap: 43 pips (EST 2am to EST 4 am)
    Europe session: 117 pips (EST 2am to - noon)
    U.S/Europe overlap session: 88 pips (EST 8am to EST noon)

    Strategy:

    GBP/USD, USD/CHF
    Taking High and Low from EST 7pm to EST 4am.
    Entry
    Long: High 13 pips
    Cease loss: -40 pips (upgrade 23-Dec-05: No monitoring stop, but proceed SL to break even stage after 40 pips gain )
    Long Exit: Top 120 pips (upgrade 04-Jan-06: increase TP )

    All trades are shut at EST 12 noon.

    Same rules for short transaction.

  2. #2
    Quote Originally Posted by ;
    Today's Entry

    USD/CHF
    Long: 1.3159 SL:1.3119 TP:1.3216
    Long triggered in 1.3159

  3. #3
    Today's Entry 04-Jan-2006

    GBP/USD
    Extended:1.7547 SL:1.7507 TP:1.7654
    Short:1.7447 SL:1.7487 TP:1.7327

    USD/CHF
    Extended:1.2908 SL:1.2868 TP:1.3015
    Short:1.2815 SL:1.2855 TP:1.2708

  4. #4
    Today's Entry 05-Jan-2006

    GBP/USD
    Long:1.7602 SL:1.7562 TP:1.7709
    Short:1.7524 SL:1.7564 TP:1.7404

    USD/CHF
    Long:1.2812 SL:1.2772 TP:1.2919
    Short:1.2748 SL:1.2788 TP:1.2641

  5. #5
    Thank you for your posting. I wish you continued success. Give us an update from time to time.

  6. #6
    Good Outcomes.

    I'm Following Your Thread Closely.

    Thanks

    Highway

  7. #7
    Today's Entry

    GBP/USD
    Long: 1.7467 SL:1.7427 TP:1.7524
    Short:1.7420 SL:1.7460 TP:1.7363

    USD/CHF
    Long: 1.3159 SL:1.3119 TP:1.3216
    Short:1.3112 SL:1.3152 TP:1.3055

  8. #8
    Quote Originally Posted by ;
    Now's Entrance

    GBP/USD
    Short:1.7420 SL:1.7460 TP:1.7363
    Short triggered at 1.7420

  9. #9
    Quote Originally Posted by ;
    Short triggered at 1.7420
    Take profit triggered @ 1.7363 P/L: 57 pips

  10. #10
    Quote Originally Posted by ;
    Long triggered at 1.3159
    Cease loss triggered @ 1.3119 P/L: -40 pips

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