Night Trade Review
GBPUSD Breakout for Short enters setup and profits.
Buy Low trader - {1．5150 ~ 1.5100} profit at least 50 pips
Breakout for Long and Aggressive trade was invalid.
Breakout for Short enters setup and profits more than 50 pips.
After 23:15 if the market trends up but failed to break “Breakout for Long” or false breakout, Short trade is being executed and profits.
Hundred Pips Executor successfully accomplished mission.
Recommend strategy for this morning: "Sell High"+ "Buy Low" by using the least stop loss to earn the most target profit.
For low risk trader: In order to prevent false breakout, you shouldn’t enter trade without retrace after initial breakout. Flexible during trading, the way of handling will determine the quality of your trade.
GBPUSD - Strategy for Morning
Breakout for Long - EP{1．5268, wait for retrace and breakout upward again to buy},
SL {1．5241}, TP1- 1．5373, TP2- 1．5433, TP3- 1．5493}.
If hits SL, trader should wait for retrace of 10-20 pips {to play safe, low risk trader waits for retrace and break SL price again} to enter opposite trade – sell. The strategy is same as Breakout for Short.
Breakout for Short - EP {1．5131, wait for retrace and breakout downward again to sell},
SL {1．5159}, TP1 - 1．5208, TP2 - 1．4968, TP3 - 1．4908.
If hits SL, trader should wait for retrace of 10-20 pips {to play safe, low risk trader waits for retrace and break SL price again} to enter opposite trade – buy, the strategy is same as Breakout for Long.
EURUSD - Recommended strategy for Morning
Breakout for Long - EP{1．3678, wait for retrace and breakout upward again to buy},
SL {1．3651}, TP1- 1．3793, TP2-1．3843, TP3- 1．3893}.
If hits SL, trader should wait for retrace of 10-20 pips {to play safe, low risk trader waits for retrace and break SL price again} to enter opposite trade – sell. The strategy is same as Breakout for Short.
Breakout for Short - EP {1．3591, wait for retrace and breakout downward again to sell},
SL {1．3629}, TP1 - 1．3488, TP2 - 1．3438, TP3 - 1．3388.
If hits SL, trader should wait for retrace of 10-20 pips {to play safe, low risk trader waits for retrace and break SL price again} to enter opposite trade – buy, the strategy is same as Breakout for Long.
After 17:30 {GMT +8:00 Singapore
GBPUSD{1．5268}, EURUSD{1．3678}
Waiting for the direction to reverse and trends down before enter a Short trade, SL is 28 pips away from EP.
After 17:30 {GMT +8:00 Singapore
Breakout for Short or false breakout
Waiting for the direction to reverse and trends up before enter a Long trade, SL is 28 pips away from EP.
Aggresive trader
GBPUSD near price of “1．5230”,
EURUSD near price of “1．3640”,
When the market is no longer going upward instead it reversed downward, now it is time to enter Short trade, SL is 38 pips away from EP. (Make sure the market is no longer go up and reverse first before enter a Short trade.), TP is same as Breakout for Short.
If the trade hits SL, waiting for retrace of 10-20 pips to enter opposite trade – Buy.
Buy Low trader pays attention to the major line of
GBPUSD {1．5100}, EURUSD {1．3500~ 1.3450}.
If the price is unable to breakout, enter Long trade with SL of 10-20, take profit after price retraced.
I wish all of you have a fruitful trading day!
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