Simple Day Trading Breakout - forex market times gmt

Simple Day Trading Breakout ~ forex market times gmt

Simple Day Trading Breakout is a strategy can be implemented as a full trading system and best of all is that you can use it even if you just can trade 10 minutes a day. The best period to use this strategy is between 8h and 18h GMT (3am and 1pm EST).

We can use this strategy only for EUR/USD and for GBP/USD. Since the rules for each of these currency pairs are different, I’m going to divide this strategy rules for each currency pair.

The first thing you need to do is to draw 2 lines: one at 24h GMT (7pm EST) and the other one at 8h GMT (3am EST). These lines are going to be our entry point’s reference.

If during this period EUR/USD has moved more than 60 pips, you won’t have any trade during the day. If EUR/USD has had less than 60 pips volatility during this time span, you can have a buy or a short sell opportunity.

In this strategy, we will use a fixed stop loss as well as a fixed target.That’s why you can use this strategy as a mechanical trading system.If at 18h30 GMT (1:30pm EST) you’re still holding the trade becauseit didn’t reach your target or your stop loss, you should exit thetrade.

This strategy can be used in 5, 10 and 30 minutes as well as in 1 hour charts.

Trading rules Simple Day Trading Breakout

To enter in a long position: You should enter your buy order 10 pips above the higher line - that you draw in the chart -, which represents the higher price EUR/USD achieved between 24h and 8h

GMT (7pm and 3am EST). You should also place a 25 pips stop loss order.

To exit a long position: Your target is 40 pips. If EUR/USD doesn’t reach it, you should exit the trade at 18h30 GMT (1:30pm EST).

To enter in a short sell position: You should enter your short sell order 10 pips below the lower price achieved between 24h and 8h GMT (7pm and 3am EST). You should also place a 25 pips stop loss

order.

To exit a short sell position: Your target is 40 pips. If EUR/USD doesn’t reach it, you should exit the trade at 18h30 GMT (1:30pm EST).

Simple Day Trading Breakout

The short sell order was triggered at 1.4286. You now have a stop loss set at 1.4311 and a target at 1.4246. Our target was reached. We made 40 pips profit on this trade.

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Quantum Trading - forex market hours gmt mt4 indicator download

Quantum Trading ~ forex market hours gmt mt4 indicator download

Most new trading just doesn’t like to wait for a complete and perfect trade to take place. These types of short term traders would be very happy to get into multiple trades per day for 10+ pips profit for each trade. Rather than opening one trade per day and wait until price hits the 100+ pips target.

Momentum trading or short term system is the best forex trading strategy that they can use. But with the Quantum system we are also going to include medium term or long term trading as well. The reason for that is while short term trading is the favorite strategy for new traders, they won’t be beginners forever! And soon they will feel the need to trade more professionally for larger profits.

And instead of looking for another trading system, you will find long term trading strategy within this system as well as the momentum – short term – strategy.

hort term trading…

Best to be used with 5M , 15M , 30M and 1H time frames.

Trading rules:

When the 24 EMA cross above the 124 SMA, wait until a blue bar is formed above or below the 0 line of the A.O indicator – best if it’s above the 0 line. When that happens, open a BUY Order and set your stop loss at the last support level or 75 pips.

Your exit sign would be a red bar formed above or below the 0 line of the A.O

indicator.

Example:

Quantum trading

The opposite conditions are used for sell orders.

When 124 SMA cross the 24 EMA, wait until a new red bar is formed above or below the A.O indicator. Best if it’s below the 0 line. When that happens, open a sell order and set your stop loss at the last resistance level or 75 pips.

Your exist sign is when a new blue bar is formed above o below the 0 line of the

A.O indicator.

Example:

Quantum trading

Long Term Trading

For long term trading we are going to apply almost the same rules with few changes.

For sell orders, only sell when the red bar is formed below 0 line + 124 MA cross

above 24 MA.

And only exit when a blue bar is formed above the 0 line + 24 MA cross above 124 MA.

Example:

Quantum Trading - momentum strategy

Notice how with this strategy you could get a lot more profits, if you can wait! And for buy orders, only buy when the blue bar is formed above 0 line + 24 MA cross above 124 MA.

And only exit when a red bar is formed below 0 line + 124 MA cross above 24 MA.

Example:

Quantum trading - Momentum Strategy

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