The London Breakout Strategy

   

 

Trade the early morning momentum

Rules

1. This is not a trend following strategy rather a breakout strategy.

2. The aim is to identify areas of overnight consolidation.

3. This strategy is best suited to the trading two to three equal positions.

4. The profit target for the first position is +30 pips and the second portion is exited through a trailing stop or a +60 pip fixed target.

5. The stop loss is 30 to 40 pips and losses should not exceed 0.5% of one's equity.

Risk Warning: CFD’s and Foreign Exchange (FX) traded on margin carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade because you can lose some or all invested capital. Investors may choose to seek independent advice and should not risk more than they are prepared to lose. 

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