The BEST London Breakout Strategy in Forex Trading | Maximum Profits in 2021

The BEST London Breakout Strategy in Forex Trading | Maximum Profits in 2021 | 2 of 2

Рет қаралды 75,555

Күн бұрын

London Breakout Strategy that produces a winning result just over 60% of the time using a 1.5 Risk Reward Ratio.
This is a 5-minute scalping strategy that is to be used on the #GBPUSD only.
It is to be used during the London Breakout Session, but actually at the start of the European Trading Session (7AM GMT).
The Asian Trading Session Range is marked as (00:00 GMT to 07:00 GMT). This is where volatility is typically the lowest so a strong buildup of market orders enter when the European Session begins.
Enter the trade on the close of the breakout candle and place your Stop Loss just behind the nearest Swing.
Place your take profit target at 1.5 and walk away from your screen. This is a 'set and forget' trading strategy that will often come back to your entry position and take you out for breakeven before running off to hit your original profit targets. Do not move your Stop loss.
I have used this strategy and several self-made variants over the past 3 years and I can confidently say that this forex trading strategy is perfect for beginners in trading who want to become consistently profitable without the stresses of learning support and resistance, market structure, trend lines or any other trading strategy indicators.
Let me know how you get on - I'm looking forward to chatting to you in the comments.
Let me know how you get on with how to trade the London session!
Happy trading guys!
USEFUL TIMESTAMPS
0:00 Trade Forex with Paul & London Breakout Strategy Introduction
01:30 The Rules to the London Breakout Strategy
07:05 London Breakout Session Forex Charts
07:09 How to use the Sessions Indicator
08:45 How to mark the Highs and Lows of the Asian Session
08:57 London Breakout Session - Day 1: WIN!
09:05 Fading the breakout - Don't do this!
10:10 Why this London Breakout Strategy is a set and forget strategy
12:26 Get your link to Tradingview here: [uk.tradingview.com/gopro/?sha]
12:39 London Breakout Session - Day 2: WIN!
14:50 London Breakout Session - Day 3: WIN!
17:09 Go and backtest and give me your results in the comments
18:09 London Breakout Session - Day 4: LOSE!
18:52 London Breakout Session - Day 5: WIN!
20:41 Calculating our profits for the successful London Breakout Strategy Results
22:00 A little London Breakout Strategy tip that will improve your win rate
22:12 Other Profitable Trading Strategy Videos that I am creating for you soon
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#londonbreakoutstrategy #londonsession #londonbreakoutstrategytips

Пікірлер: 780

@tamilkumar7147 3 жыл бұрын

Backtest results for 5 days : 19/2 to 23/2/2021. Wins 4 with 1.5 RR Loss 1 with 1 RR Stoploss : Recent swing plus/minus 4 pips. Total Pips : 30+25+24+33 - 34 = 78 pips. 👍

@TradeForexwithPaul 3 жыл бұрын

Amazing - well done mate :)

@tamilkumar7147 3 жыл бұрын

@@TradeForexwithPaul Thanks for this strategy Paul. First loss of the week is today. Will backtest in coming weeks as well. What about you Paul this week, did u take any trades based on this strategy??

@TradeForexwithPaul 3 жыл бұрын

@@tamilkumar7147 I took just 1 trade last week and lost. But thats ok, as its probabilities playing out. Great work with your backtestint there mate

@animal9470 2 жыл бұрын

..5 days? That's not nearly enough to verify it..

@cman5461 2 жыл бұрын

@@animal9470 Yh pointless really. Need at least 6months for a 5min strat.

@binance9975 Жыл бұрын

Thanks for uploading this content. Nice to see someone genuine instead of 20 year olds selling scam courses

@dbeats8751 2 жыл бұрын

Paul, thank you for making this video! Absolutely enjoyed your detailed explanation! I like it when you set out the expectation of this strat straight away within the first minute of the video!

@TradeForexwithPaul 2 жыл бұрын

Love this! Thank you so much!

@augustinegahdinga5594 3 жыл бұрын

I just love your genuine politeness and simple honesty. Thank you.

@TradeForexwithPaul 2 жыл бұрын

Thank you so much :)

@themacguitar 11 ай бұрын

Using replay in TV, I traded between 29th May and 26th June. There was only one day I couldn't get a trade and 15 were within the first two hours. That aspect was great. I won 11 out of 20 at 1 to 1.5 RR. Had I been trading on a 100k prop account I would have seen it go from 100,000 to 106,612 which is not too shabby for a hands off system. Many thanks Paul.

@outerspace7620 Ай бұрын

Do you still trade same strategy ?

@noelstout3056 3 жыл бұрын

Forex trading is all about eliminating the losing trades and achieving more winning ones. Most traders will rely on trading strategies that haven’t been tested thoroughly, setting themselves up for a failure.

@bernardogutierrez8392 3 жыл бұрын

The only solution is to try out the leading strategies for yourself and see what actually works.

@DavidMiller-du9dy 3 жыл бұрын

Absolutely, Forex is quite a lucrative venture

@amandafoy4455 3 жыл бұрын

Currency trading is a game of trial and error.. I’ve made so much trade losses this past months

@kumarvenkatesh6600 3 жыл бұрын

There’s too much risk involved in trades

@noelstout3056 3 жыл бұрын

@@amandafoy4455 trading is tough and that even the best traders have substantial losses along the way. I literally went from cubicles with small trading accounts of about $10,000 to making trade profits in millions in just a few years.

@LewisHarding.Accounting 3 жыл бұрын

Awesome video Paul and it’s great to see your favourite strategy in full swing!🔥🔥

@TradeForexwithPaul 3 жыл бұрын

Thanks so much Lewis! Hopefully you can pick this up too mate. Very simple strategy that works soooo well! Thanks again mate.

@bridgerjeff 10 ай бұрын

Ive ran the entire week last week on this system and have 5 from 5. Really awesome

@TradeForexwithPaul 10 ай бұрын

Noice!

@outerspace7620 Ай бұрын

Hi , you still using same strategy ?

@cedgriff 3 жыл бұрын

Great video!! I appreciate how in detail you are on the key points. Subscribed!!

@TradeForexwithPaul 3 жыл бұрын

Aww thank you so much. Be sure to backtest and adjust to suit your personality. If you combine it with my video about trend following (most recent one with the thumbnail which says 50% monthly) - you'll do very well for sure

@supremehedge8253 3 жыл бұрын

I optimised it a little bit, try to add a Volume indicator to avoid false breakouts on your charts (you can use the default one on trading view) with a 10 or 20 MA and add to your charts the ATR indicator as well. You can set your SL based on the average ATR values and can increase your Risk-Reward-Ratio to 2:1 or even 3:1.

@TradeForexwithPaul 3 жыл бұрын

Well done mate - thats exactly what I want to see people do - adapt and improve 🙌📈

@seangarrett1567 3 жыл бұрын

Hi there, can you explain further how using the ATO you would calculate the stoploss and return on profit? Sorry I’m a bit of a Newby so I need a little more explanation.

@TradeForexwithPaul 3 жыл бұрын

@@seangarrett1567 hi mate, its typically a manual calculation for SL and TP when using any set stop. The average true range is usually the average of the last 12 or 14 candles (I dont use it, so from memory of seeing it when I started out). From here, find a position size calculator online to determine how much ££ to use based on the ATR stop, and set a target, or trail the stop behind the nearest swing and follow the market as far as it wants to go. Good luck mate - and dont forget to backtest to work out your optimal targets and literally just stick to them every day.

@supremehedge8253 3 жыл бұрын

@@seangarrett1567 ATR means Average True Range and it tells you the average movement of N Candles (in default 14 candles) over a specific timeframe (depends on your chart). That gives you an idea for the realistic upcoming movements in the future. Based on that you can set your SL - if no crazy fundemantel news are published it probably should move like the ATR value. You have to play around a little bit with it, i see a lot of people multiply the ATR Value with 1,5 or 2, just to have a little bit more space. Hope it helps, best of luck!

@joewilliams5860 3 жыл бұрын

Yes Paul! Thanks for filming this! Might have to use this for myself!

@TradeForexwithPaul 3 жыл бұрын

Thanks for the kind words Joe! Definitely give it a go! Let us know what results you get and don't hesitate to ask if you have any questions!

@aarontucker3858 2 жыл бұрын

Very good video, well explained and very good win ratio backtesting. Keep up the good work 👍🏽

@TradeForexwithPaul 2 жыл бұрын

Really appreciate this mate, thank you

@dhruveshdarji4633 3 жыл бұрын

Loving the Video Paul - great content as always 🙌

@TradeForexwithPaul 3 жыл бұрын

Thanks so much Dhruvesh - I really appreciate that :)

@JayHennigan 2 жыл бұрын

Thanks Paul, I really like your explanation of this strategy and I also think it’s the best explanation and demonstration of the London breakout Ive ever seen. Ive seen a few versions of the London breakout on KZfaq but most other channels don’t really seem to trust what they’re saying (in regards to generic London breakout). In contrast, the belief you have in your method is another win for me as well as the clarity you explain each step with. This is the first video I’ve seen of yours and I really like what I saw. It was very helpful to me, thanks! 😊🙏🏼

@TradeForexwithPaul 2 жыл бұрын

Love this! Thanks mate. I'm just editing a video currently about a London breakout reversal which plays out more often that this recently, how to trade it, and how to minimise risk massively. Thanks again 📈

@JayHennigan 2 жыл бұрын

@@TradeForexwithPaul thanks Paul that sounds brilliant, exactly the type of content I’m looking for. . I’ve subscribed. I’ll be watching more content from tomorrow. Keep up the great work & take care!

@TradeForexwithPaul 2 жыл бұрын

@@JayHennigan thanks very much mate. Will be putting more effort back in to the channel soon

@gurjitdhanoa1898 3 жыл бұрын

Thank you Paul for sharing a great strategy and really helpful with the way you engage us your viewers to learn at the same time ☺️☺️

@TradeForexwithPaul 3 жыл бұрын

Ah thank you so much, it's my absolute pleasure - the least I can do after you've taken the time to watch my video :)

@mattevans9225 3 жыл бұрын

Love this video Paul! Keep them coming!

@TradeForexwithPaul 3 жыл бұрын

Thanks so much Matt. I may create another London Breakout Strategy video with a slight variance that I've been using lately which gets far bigger wins. It's a fair bit more complex, and probably best suited for expert traders, but will be good to demonstrate via a tutorial on here.

@petersymons2007 3 жыл бұрын

Thank you for taking the time to share - very clear and easy to understand

@TradeForexwithPaul 3 жыл бұрын

Thank you so much for the kind comment Peter! I really appreciate it and I hope you find good value in my videos 😊

@evangaleazzi7 10 ай бұрын

Fantastic video mate. I also created an alert at crossing high and low points, using Once Per Bar Close. This worked out well so that I didn’t have to watch the charts for our trigger points.

@TradeForexwithPaul 10 ай бұрын

Nice work mate

@Quogmeyer 2 жыл бұрын

Okay! Well up until 7:30 this morning I was ready to throw the towel in but I decided to do a bit more digging around on KZfaq for some inspiration. After a couple of “same ol” videos I came across yours. I had nothing to lose so I jumped on the charts and marked the zone out on GBP/USD and waited, sure enough I nice bullish candle broke through and closed above the the zone. I was using the demo account for back testing so I kept an eye on it (I know it’s fire and forget, which I will do on the real account) I kept the TP at a conservative 1.25% and within the hour hit it 😳 I’m hoping 🤞🏻this simple strategy will finally be a way to keep trading and building my small account. Thanks Paul for giving me hope an inspiring me to persevere.

@TradeForexwithPaul 2 жыл бұрын

Weyhey! loving this! August has been horrendous - So I hope you've had more luck than I have! (A little tip I didn't put into the video... trade off the pullback to the range - it shortens your SL, and makes your TP much larger. It also means that you take less trades, and you can also identify more fakeouts, so you can avoid losses easier. Less trades per month, but FAR MORE profitable!). Keep up the good work!

@Sam-ft3nl 3 жыл бұрын

Great video Paul. Keep the awesome content coming

@TradeForexwithPaul 3 жыл бұрын

Thank you Sam! Should be weekly uploads fairly consistently over the coming months. Thanks again mate.

@rexpabinguit5353 3 жыл бұрын

That's really nice.

@albertmeilak2565 2 жыл бұрын

Thank you for a well explained and easy way to trade,look forward to using this strategy.

@TradeForexwithPaul 2 жыл бұрын

Thank you!

@jtruman4108 3 жыл бұрын

Fantastic! I'll be implementing this going forward!

@TradeForexwithPaul 3 жыл бұрын

Thats fantastic news! Thanks so much for your support mate 👍

@iredline7777 Жыл бұрын

Thankyou really enjoyed your vid and like the way you teach. Have subscribed. Will have a go backtesting this one.

@olegivanenko2978 3 жыл бұрын

Very simple and useful strategy. Thank you!

@TradeForexwithPaul 3 жыл бұрын

Thanks Oleg, give it a go and backtest and let me know how you get on

@jonathanlee5185 Жыл бұрын

Thanks. Your voice is calm and reassuring.

@TradeForexwithPaul Жыл бұрын

This is nice to hear, thank you :)

@sofiacarolina174 3 жыл бұрын

Great video! I’m starting to learn forex and have been told about this strategy. You explained it so well

@TradeForexwithPaul 3 жыл бұрын

Thanks so much Sofia! The past month has been hard on the strategy, but with market conditions altering on the higher timeframes, it should start showing good results again. Definitely backtest as far as you can and make sure you understand the concept of the strategy, then make adjustments to fit your own style of trading. I have another 3 London breakout videos lined up before moving on to other strategies that I've learnt over the years, and these videos should give you some ideas on how to extract the most out of the market, rather than setting a hard take profit. All the best 🙌📈🔥

@outerspace7620 Ай бұрын

Please u still using this strategy

@NeilBradleyMS Жыл бұрын

Hi there, I’ve just watched this excellent video! I really like your way of teaching. You have a new subscriber and I’ve also liked your video to help with your channel which seems to be growing nicely. All the best-Neil (UK)

@TradeForexwithPaul Жыл бұрын

Thanks so much man :)

@JakeG1 3 жыл бұрын

Just watched this and your other LBO videos. Really enjoyed them! I've always been attracted to LBO strategies and seeing other traders' versions of them. Have you made any adaptations to account for choppy markets and fakeouts, as range breakout strategies are vulnerable to that? Thanks for taking the time to share your ideas with us. I look forward to more videos on this topic. 👍

@TradeForexwithPaul 3 жыл бұрын

One coming up shortly mate! Thanks so much for the kind feedback. I'm definitely a LBO specialist and have multiple pairs and strategies for it... some I won't share on YT, but others I will. Stick around mate. Thanks again :)

@jessyoyiera5284 3 жыл бұрын

Keep it up my brother, you've something so great. Good job

@TradeForexwithPaul 3 жыл бұрын

Thank you my friend :)

@stephentaylor2119 2 жыл бұрын

A stratergy I noticed when I first started trading, and use a simnilar technique when market flattens out, I put pending trades above and below price. I actually put a trade in on the false break out with a tight training stop and more often than not catch a small profit before main breakout.

@TradeForexwithPaul 2 жыл бұрын

Perfect mate - good to see someone observing the markets properly

@haseebahmadkhan4975 Жыл бұрын

An excellent and simple way of explaining London breakout strategy, thankyou sir, Haseeb from Pakistan

@TradeForexwithPaul Жыл бұрын

Thank you Haseeb

@petersymons2007 Жыл бұрын

Hi Paul just revisited the video to help reinforce my knowledge - thank you again

@TradeForexwithPaul Жыл бұрын

Thank you for the comment :)

@Smoke-tr7ux 3 жыл бұрын

Thanks for the video. I’m starting Monday morning!

@TradeForexwithPaul 3 жыл бұрын

Loving this, thank you. Backtest it first though and refine your reasons for entries to cut back on losses. Best of luck 📈💪

@burhanettin9649 2 жыл бұрын

Perfectly teaching. Thanks much dear Paul

@TradeForexwithPaul 2 жыл бұрын

Thank you!

@davidowoicho8432 7 ай бұрын

Thank you so much Paul. You explained it so well and simple. Am going to start back testing and come back to share my results. See you mate

@TradeForexwithPaul 7 ай бұрын

Thank you

@shanghai2058 6 ай бұрын

so what are your results? i am going to test this for the month of november

@thomascarroll5733 3 жыл бұрын

Great video Paul. Thanks for sharing

@TradeForexwithPaul 3 жыл бұрын

Really glad you enjoyed it Thomas - thanks for watching!

@nicholasdoris7929 3 жыл бұрын

21 Dec 2020 - 13 Feb 2021 = 19 Wins/19 Loss // 1:1.5 // +9.5%. Not too bad at all! I used to trade a very similar strategy with the NYC session (EURUSD/GBPUSD).

@TradeForexwithPaul 3 жыл бұрын

Fantastic job mate! I've got something similar coming up with the NY session and Asian sessions. Great work - I'm really pleased for you 😀

@michael.gallagher 3 жыл бұрын

Amazing video Paul!

@TradeForexwithPaul 3 жыл бұрын

Thank you Michael! I hope you learn a few things from it :)

@AaronKnightley 3 жыл бұрын

Great video Paul 👊🏼🎥

@TradeForexwithPaul 3 жыл бұрын

Thanks Aaron, I appreciate the comment.

@Dave64track 3 жыл бұрын

Great content never tried this version of the strategies before I will give it a go.

@TradeForexwithPaul 3 жыл бұрын

Thank you David :) How are you getting on with it?

@3275kk 8 ай бұрын

Thanks so much for this video. Such a great n simple method..❤

@TradeForexwithPaul 8 ай бұрын

Youre welcome

@sweetlikesugar23 2 жыл бұрын

Love it!!! Awesome job, thanks so much for sharing.

@TradeForexwithPaul 2 жыл бұрын

Thanks Dee!

@sweetlikesugar23 2 жыл бұрын

@@TradeForexwithPaul You're welcome.

@brandonweemhoff9242 2 жыл бұрын

Thank you so much for sharing this info! Much appreciated!

@TradeForexwithPaul 2 жыл бұрын

Really appreciate the comment here too dude

@dustinfallon7389 3 жыл бұрын

A well explained video as always, from my experience on trading, one thing I can attest to is that with adequate support from a qualified personnel can go a long way in helping you gain unvarying profit.

@adammuller9594 3 жыл бұрын

Trading is a really demanding job, so there is no problem getting assisted

@theoherro823 3 жыл бұрын

To qualify as an Independent trader you have to master multiple strategies.

@marceldubois8072 3 жыл бұрын

Dustin Fallon I am also inexperienced can you tutor me or is there a way I can join your team?

@dustinfallon7389 3 жыл бұрын

I am under the supervision of the experienced CONS. Edwin Earl and I depend on his trading pattern to make me profit.

@dustinfallon7389 3 жыл бұрын

consultedwinearl@gmail com

@amergill4063 3 жыл бұрын

Great video Paul thanks for sharing this 👍

@TradeForexwithPaul 3 жыл бұрын

Thank you Amer! Really kind of you to say! Thanks for your support mate.

@esthermugiana7499 Жыл бұрын

This is what I'm looking for Trading in London Breakout, Best Strategy and Subscibed !

@TradeForexwithPaul Жыл бұрын

Thank you :)

@shanghai2058 6 ай бұрын

backtest result 6 Nov - 5 Dec 2023 i only changed the risk to always be 1% but reward always 1.5 4 days no trade 18 trades 10 wins 8 losses 1% risk on each trade 7% profit after this period but after 18 days you would have passes 8% and thats enough for first challenge phase on funding account

@TradeForexwithPaul 6 ай бұрын

Great job!

@johnpenny1604 3 ай бұрын

Seen many about London break but yours is one of the better ones. Will try this.

@TradeForexwithPaul Ай бұрын

Definitely the best one :)

@TradeForexwithPaul Ай бұрын

Though, target the daily ATR instead - much better return

@larnaca6460 3 жыл бұрын

Man I subscribed and comment boz u look and sound very honest guy

@TradeForexwithPaul 3 жыл бұрын

Thank you so much!

@shanetraynor5557 3 жыл бұрын

This is awesome mate. Thanks so much for sharing!

@TradeForexwithPaul 3 жыл бұрын

Thanks Shane, I really appreciate the kind words! Hopefully it's been useful for you?

@shanetraynor5557 3 жыл бұрын

@@TradeForexwithPaul Was spot on

@bentrickett1635 3 жыл бұрын

Can’t wait to try this out 📈

@TradeForexwithPaul 3 жыл бұрын

That's awesome Ben! Let us know what results you get!

@philyb7137 3 жыл бұрын

Great video! Thanks for sharing 👌

@TradeForexwithPaul 3 жыл бұрын

Thanks Phily, I'm glad you like it!

@jsunproter1940 Жыл бұрын

I've been trading this for more than 10 years now. If you think that's a long time there are some traders. that have been using it since the 90's. It's been a consistent winner for me. I've done very well applying the basic ideas of this to futures, crypto and stocks as well although it's slightly different. When choosing pairs to use this on many of the minors do well also.

@TradeForexwithPaul Жыл бұрын

Thats brilliant to hear mate. Dont see it ever failing over a sustained period of time

@NBS349 3 жыл бұрын

This was great so i subscribed :)

@TradeForexwithPaul 3 жыл бұрын

Thank you Kaz! 🙌🙌🙌

@timhollingsworth6817 3 жыл бұрын

Great video. Well explained. Thanks 🙂🍻🍻

@TradeForexwithPaul 3 жыл бұрын

Thanks so much Tim

@DS-gn5vu Жыл бұрын

Hey Paul, firstly many thanks for all that you do on this channel much appreciated mate. I was wandering if you could make a video when feasible on how to spot fakeouts on the breakout strategy many thanks in advance.

@TradeForexwithPaul Жыл бұрын

Sure mate, thank you for reaching out. I will cover that soon I think. It's been a while since I traded the LBO because it's evolved into how I trade nowadays, but there were some obvious reversal patterns happen on the LBO. Will cover this for you

@isaacbotros4968 8 ай бұрын

Backtested this with a few changes on NQ from over the previous 43 trading days from 20/10/2023 using a 3m chart. Using 2 contracts with a 1:1 RR and once TP1 was hit 1 contract was sold and stop moved to breakeven with a 1:2 target on TP2. Must enter after London open and prior to New York open, only entering on body closes above or below the Tokyo High or Low (body value not wick value). After 43 trading days there was 35 trades taken with 8 losers resulting in a 77% win rate and a net point gain value 860. Meaning if traded correctly this strategy would have had a $17,200 gain using 2 contracts. The strategy could be optimised again so once TP2 (1:2) was about to be hit stops moved to TP2 and let the market run to 1:3 or 1:4 or deploy a trailing stop after 1:2 etc. Great video and couldnt agree more that sitting in front of charts when trading a mechanical type of system like this is not the way to do it, have the system set and let the probabilities play out. We are the house and the house always wins.

@TradeForexwithPaul 7 ай бұрын

Blimey - nice work mate! Adjust the RR/Targets and figure how to maximise the SL... Also - use stops instead of POs and you're golden

@donwevon4219 3 жыл бұрын

I also can wait to try this out look very simple watching if this is the way forward am all 👍

@TradeForexwithPaul 3 жыл бұрын

Thanks for the comment Don. I love trading this because its so simple. Lately the win/loss rate is nearer to 40%, but as long as you're targeting 2 or 3 to 1, you're good.

@hassanenriqueamundsen8635 3 жыл бұрын

Great content! I will test it out.

@TradeForexwithPaul 3 жыл бұрын

Excellent Hassan, thanks for the kind comment!

@ianwright7393 Жыл бұрын

GBPUSD 7 wins 4 losers. I'll carry on til I run out of 5m candles and post the results. Thanks for the video. 1 to 1.5 RRR.

@TradeForexwithPaul Жыл бұрын

Well done mate - really nice work!

@investornaire6838 2 жыл бұрын

Paul, thank you for this straight to the earth educational video. I have backtest the strategy with a little modification. I wait on 1hour Timeframe , wait till 8am GMT candle close on GBPUSD, then set pending BUY STOP orders 5pip on the HIGH and SELL STOP on the Low of the 8am GMT Candle which got activated, then I delete the non activated order, then place my Stop loss (usually btw 30 - 39pip) below or above the next swing. I close my chart and check back at 11am GMT Result: I have done 9% on a 100k Demo account in 2 week using only this strategy. (7 wins , 1 loss). I am hoping to purchase my FTMO challenge using this strategy. Please advise as you may wish Thank you once again, Paul

@TradeForexwithPaul 2 жыл бұрын

Oh man, I am so sorry - I completely missed this comment! That's an amazing adjustment and fantastic results. Have you stuck with it? If so, how have you done?

@hanifu9250 2 жыл бұрын

looks amazing, i will backtest it today .

@TradeForexwithPaul 2 жыл бұрын

Thank you

@kevinpayne7298 Жыл бұрын

Great video the London breakout interests me as my general trading is so hit and miss……mainly miss😁I’m going to back test then try on a prop trading challenge, so I can eventually leave work….if successful, many thanks

@TradeForexwithPaul Жыл бұрын

Great job mate

@Hurusocod 3 жыл бұрын

Thank you for your valuable content

@TradeForexwithPaul 3 жыл бұрын

Thank you so much!

@davidbarry213 2 жыл бұрын

Could work well with CADCHF, especially when trading along with strong risk-on/risk-off sentiment. So, If Risk-on (equities are higher, commodities are higher, Gold and Bonds are lower) High-Betas like CAD should move to the upside and CHF usually sell off. And Vice-versa

@TradeForexwithPaul 2 жыл бұрын

Yes, very good pair, but tricky with the spreads sometimes depending on which broker. Not a fan of it on the FTMO account though!

@gibsonlespaulspecial 11 ай бұрын

Thought I'd revisit this Paul. So past 14 days tested, 9 wins 5 losses which is still pretty good. I then looked at M15 trend and 4 losses were against trend and so was 1 win. I noticed 1 loss however was a loser in either direction. So I reckon if you took M15 into account it's possibly 12 wins 2 losses. I need to go through it again but M15 bias definitely helps and if you filter M15 consolidation it would improve further. For changes in trend you will always get caught out but this is a great strategy, thanks for sharing!! I will do more back testing but with M15 🙂

@TradeForexwithPaul 10 ай бұрын

Probably about 4 or 5 am

@AnAo200 3 жыл бұрын

Awesome! Thanks for the update Paul! Btw which broker do you recommend? With the best spread I mean ;)

@TradeForexwithPaul 3 жыл бұрын

Thank you! I really appreciate the comment! I don't share too often who my broker is, but for the past 2 years I've used PepperstoneUK Razor account. Really tight spreads and low commissions. Also, they're FCA regulated - meaning I'll get my money back out ;) I used to use Oanda and LOVED their software! But their spreads were slightly too large for some of the scalping I do. Hope that helps mate?

@andrewwilson7285 Жыл бұрын

Recently found your channel and loving the content. Quick question. Do you use anything in the higher timeframe to confirm the trend (MTA) or is it just all in the 5 min chart?

@TradeForexwithPaul Жыл бұрын

Hi mate, typically with LBO, no - but my strategy has since evolved from the LBO and got a lot better. Nonetheless, LBO is profitable when sticking with the basics

@robertogarza-leonard761 9 ай бұрын

GREAT video nd technique. hope to follow you. i'm just starting to trading. setting up the account and all. from mexico.

@TradeForexwithPaul 8 ай бұрын

Thank you :)

@jonathanlee5185 Жыл бұрын

👍Thanks, your calm voice is very reassuring -- like a driving instructor who has confidence his learners will pass their test. Then: 7 am GMT is now 8 am BST, in April?

@TradeForexwithPaul Жыл бұрын

Thank you :) Yes - for a week or so, the charts shift between UK times and US times whilst one plays catch up with the other on DST. Typically though, LBO occurs at 8AM UK Time

@givati05 3 жыл бұрын

Great Video! Thank you for your work! would love to build EA Another question: 7am London time?? you mentioned GMT.. so.. my GMT is 8 am in London

@TradeForexwithPaul 3 жыл бұрын

An EA would be awesome... I made one but I couldn't get one of the variants correct so still manually change. I made the video pre-clocks changing. So 7am now is the European open, and 8am is the London. If you're ever unsure, just open up rhe volume indicator and look at how much volume is traded at that time - so much more than Asian session

@divantheron5791 3 жыл бұрын

Hi there Paul, thanks for the great video. I would like to know, does the strategy change or perform differently when London opens an hour earlier in the summer and a hour later in the winter? Hope that makes sense, thanks.

@TradeForexwithPaul 3 жыл бұрын

Thanks for the kind comment mate. That always catches me out too, so to solve it when the clocks go forward soon- turn on the volume indicator to see what time Europe starts. There should be very little volume traded at rhe end of the Asian session, then when volume picks up at the start of an hour, thats likely Europe, then the hour after volume should be very strong and that'll be the London session

@hansaschmidt2031 3 жыл бұрын

Good job! Cheers mate

@TradeForexwithPaul 3 жыл бұрын

Thank you Hansa! 🙌

@johnmacdonald4889 3 жыл бұрын

Very useful, thank you.

@TradeForexwithPaul 3 жыл бұрын

Really glad you liked it, thanks so much John!

@Ya-mahdi-aj Жыл бұрын

Thank's a lot for your work,

@TradeForexwithPaul Жыл бұрын

You're welcome!

@samuelcrooks926 3 жыл бұрын

I'm just about to start FTMO this week also with this strategy, wishing you luck for your challenge 👍

@TradeForexwithPaul 3 жыл бұрын

Good stuff - let us know how it goes 🚀

@jacarajohnson2987 3 жыл бұрын

How did it go?

@ShomonRobie 2 жыл бұрын

Hi Samuel, how do you score on your FTMO challenge with this strategy? Would be very helpful for us if you could share your experience!! Thank you in advance!

@samuelcrooks926 2 жыл бұрын

@@ShomonRobie Hi Shomon, sorry it didnt work as a strategy, good luck with your trading.

@Smokieray1 2 жыл бұрын

Awesome strategy.

@TradeForexwithPaul Жыл бұрын

Thank you

@dangminhson 2 ай бұрын

thank for the strategy

@TradeForexwithPaul 2 ай бұрын

You're welcome

@meda.5985 3 жыл бұрын

Thanks Awesome video

@TradeForexwithPaul 3 жыл бұрын

Thank you my friend! Be sure to check back for other strategy videos that are currently being made!

@khidirney 11 ай бұрын

Hi Paul Really good vid I enjoyed this very much. I really like the London breakout as it fits in with good timing as I am based in Australia. I will try this out for sure. Paul is this the ''best or should we say the most profitable London breakout strategy that you have in your toolbox ?

@TradeForexwithPaul 10 ай бұрын

Great stuff. No - I modified it heavily when I realised that price often comes back in. It transformed into how I trade today. Basically for simple best results - wait for the breakout. Dont trade it. Allow price to come back in to the zone. Let it reach an order block. Set a stop order. Set TP to be the daily average over a setting of 260. That'll make more money than any LBO video I've shown on KZfaq. You'll get less hits, but less losers, and a ridiculously higher RR. Additionally, if you can refine that OB to the 5m or 1m, I'll see you at the bank 😎💪

@benmagee9912 3 жыл бұрын

Another good video Paul. As a newcomer is it possible you can make a video which is about the key words you use like a glossary please? Thanks, Ben

@TradeForexwithPaul 3 жыл бұрын

Thanks Ben! Great surname by the way! :D Good shout with the glossary - I'll be creating a 'beginners guide to forex' video very soon! Check back in soon!

@virgilioparale1737 2 жыл бұрын

Hello Sir Paul A very easy to understand tutorial on the London Opening Session Strategy. I really appreciate it Sir👏👍 Sir, I'm wondering if you could also share an opening breakout strategy on the New York and Tokyo or Australia sessions? Sir, is there also a breakout strategy on the overlapping of London and New York sessions? This 4-hour overlap is the most highly liquid forex part of all. Thank you very much Sir for your generous knowledge and precious time🙂

@TradeForexwithPaul 2 жыл бұрын

Hi Virgilio, Sorry for the late reply mate - I really appreciate your kind comment! You'll love this video if you haven't seen it yet - it was around the asian session I believe: kzfaq.info/get/bejne/iK1po7to3snQlXU.html Also got another one out hopefully this week based around Asia. That 4 Hour span between London and New York is my favourite! Thanks again for watching - I hope you enjoy my videos!

@andrewwilson7285 11 ай бұрын

Paul, brilliant content. Can I ask a quick question. It looks like you use the ZigZag indicator to tell you those swing points. If so, what settings do you use?

@TradeForexwithPaul 11 ай бұрын

Thanks mate. I just use a path tool to draw the zig zag on. I use only the inside bar indicator to help me spot them better

@abrahameriksson9492 3 жыл бұрын

Awesome more like this!

@TradeForexwithPaul 3 жыл бұрын

Thanks so much Gunnar! Is there a particular strategy or forex indicator that you'd like me to cover next?

@Benanca17 2 жыл бұрын

I've just subscribed to your channel. Nice video

@TradeForexwithPaul 2 жыл бұрын

Thank you very much:)

@Benanca17 2 жыл бұрын

@@TradeForexwithPaul I've still watching :) Very well explanation. I'm preparing for a challenge with FTMO and I am working for my plan and my strategies...and is good to watch more ideas/strategies>

@ajayagoshpr6912 Жыл бұрын

Thank you very much, Paul, Thank you........

@TradeForexwithPaul Жыл бұрын

Thank you!

@earlybirdpips Жыл бұрын

Thanks for sharing this.

@TradeForexwithPaul Жыл бұрын

You're welcome! Thank you for commenting and watching!

@rodrigonavas5638 Жыл бұрын

Thanks Paul!! I am going to see how it works nowadays :)

@TradeForexwithPaul Жыл бұрын

Thank you. It'll always work mate

@bryonseiler2056 3 жыл бұрын

Cheers Mate!!

@TradeForexwithPaul 3 жыл бұрын

Thanks for the comment mate 👍

@tuledannytex1767 3 жыл бұрын

Hey Pay, nice vid. Please how do I get the exact session indicator you're using? I can't seems to find it on trading view.

@TradeForexwithPaul 2 жыл бұрын

Asian Session

@nikolasdasilva3470 3 жыл бұрын

Awesome . So honest Paul.. I would be very gratefull if you would tell me the broker you trade with.Thanks a million

@TradeForexwithPaul 3 жыл бұрын

Thanks so much for the kind message! I use Pepperstone UK for my private trading, but FTMO for my funded. Both accounts have very low spreads and fees which is why I use them (critical for scalping trades). Good luck mate

@tr3vorbwir343 3 жыл бұрын

Dude thank you so much

@TradeForexwithPaul 3 жыл бұрын

Thanks so much for the kind comment. Alter it to fit your trading style and I'm sure you'll do great!

@jonathanogle7618 3 жыл бұрын

Great Stuff Paul. I did February before I saw this video and had a 72% win rate with 1:1 ratio. have you had to trim down the ratio also this past month?

@TradeForexwithPaul 3 жыл бұрын

Excellent work mate. Awful last few weeks! Won around 30% and that was with an adjusted strategy using trailing TP. Probably the worst run that I've been aware of in the past couple of years (though I haven't traded this as consistently has I'd have liked). Well done doing the strategy :)

@amirmaaref362 2 жыл бұрын

That's great! Thanks Paul. I've a question, how you now, Tokyo and London session are 1H overlap together, so, should I watch market in start of London? or watch market after end of Tokyo?

@TradeForexwithPaul 2 жыл бұрын

I used to watch at 8am UK time

@makepips8760 Жыл бұрын

Hi paul thnx for making this video! I've a question. I live in the Netherlands, wiche time do I set the Sydney Session? Thank you in advance.

@TradeForexwithPaul Жыл бұрын

I think you're 2 hours ahead of me mate. Maybe 1. Worth checking on google

@bobkennedy4287 Жыл бұрын

I really liked the simplicity of the London Breakout Strategy. Do you trade any indicies or gold? I would like to see more. I am not doing will in a challenge with Surge Trader right now.

@TradeForexwithPaul Жыл бұрын

I hope your fortunes changed mate. I trade gold sometimes. Not as often as I used to. Havent ever traded indices

@nyeinkyawaung1688 3 жыл бұрын

really helpful I will backtest as you said for 10 days period and feedback to you later

@TradeForexwithPaul 3 жыл бұрын

Thank you!

@nyeinkyawaung1688 3 жыл бұрын

@@TradeForexwithPaul Thats my backtest Between 12 april to 23 April for 10 days period 12 Win 1.5 13 loss -1 14 loss -1 15 loss -1 16 loss -1 -2.5 19 Win 1.5 20 Win 1.5 21 No trade 0 22 Win 1.5 23 loss -1 3.5

@themacguitar 11 ай бұрын

Update on my previous post. I have now tested 34 days on Trading View replay. Unfortunately my win rate has dropped to 14 wins out of 34. with a RR of 1 to 1.5. A starting balance of 100,000 would now be 97842. I noticed the strategy sometimes suffers from news events which forces a Judas move through the Asian high or low followed by the true move against the now entered trade.

@TradeForexwithPaul 7 ай бұрын

Good job mate - try using the daily ATR smoothed over 210 days as the target. Watch your RR soar

@petermuhoho3780 2 жыл бұрын

Thanks for this Paul. A quick one I have noted that this strategy works well on a trending market. How do you trade it on a ranging market? Also do you consider to take trades if the Asian range has a very wide range? I am asking this because I have noted that when Asian mkt does quite a huge move price tends to make very less moves during the day hence potentially hitting our stop loss.

@TradeForexwithPaul 2 жыл бұрын

Hi Peter, good question mate. When Asia has been ranging quite heavily, I tend to be more cautious and want a stronger break. Alternatively, I'll look within the last few hours compared to the rest of the session. If I can get a convincing break of the last few hours, I'll get stuck in - otherwise, I tend to stay out these days.

@petermuhoho3780 2 жыл бұрын

@@TradeForexwithPaul Thanks for the response mate. I have been backtesting this strategy on the 5 & 15 min TF and it works like magic. It has a very convincing win rate.

@camscott68 Жыл бұрын

Hi Paul are you still doing this breakout strategy as your main method ? I have been testing a similar one but a much tighter breakout range with about the same ratio of around 60 to 65% from 30min before we go into London til 30min in, but wanted to ask if you have a set time when you will stop if there are no breakouts - ex if your heading towards NY open will you still be looking for that breakout 4hrs into London or not really ? P.S also if you used an EA risk calculator you could pretty much keep the risk to almost perfectly 1% each time

@TradeForexwithPaul Жыл бұрын

Sorry mate just seen this comment as well. To answer the other question: yeah if no breakout by 11am it was no trade and just go about my day. Failure rate doubled beyond this. Great shout with the EA