london trades
This strategy is based on the London Market.
Currency Pair: GBP/JPY
Time frame: 1 hour
Strategy:
Before London opens, at 08:00 GMT, mark the High and Low of the last 4 hours - from 04:00 until 07:59 GMT. Set your Buy and Sell orders 10 pips away from those highs and lows.
I set my TP to 100 pips, excluding spread, and have a trailing Stop Loss, and take which ever comes first? My trailing stop is set at the previous hours high, and follows every hour.
London breakout strategy GBP/JPY
All depending on your money management, this can work due to the pairs large moves.
Any additional tips will be greatly appreciated.
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