GBP/USD Breakout Strategy for Day Traders 📌

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Overnight GBPUSD Breakout Strategy. This is a day trading strategy you can employ on the GBP/USD where you're looking for an overnight breakout in the morning. GBP/USD, otherwise known as Cable is a very popular currency pair and you can see why; very tight spreads. OK.

GBP/USD is usually quite quiet in the early hours of the morning so there's not that much liquidity during those hours.
You are trying to see what that range is overnight and then trying to join a breakout in the direction of the move using that as a reference point in the morning as London starts to wake up (order flow starts to increase). This is either going to work or not.

Rules
- GBP/USD 15 minute chart
- Mark high and low from 12 to 6am in the morning (UK time)
- Take a break of that range after 7am
- Stops at width of range
- Reversal possible if stopped out
- Close trade after 1 hour

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[ukspreadbetting]

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[lafayettejones]

This worked out text book perfection today 6th Jan 2020

[johnwoolcock]

I've using a slightly modified version of your 1 hour breakout with great success. It's not foolproof, but it is simple to comprehend and profitable, if you apply appropriate risk management.

[keiths.heather]

This is the London session breakout strategy. Different name . Same strategy.

[Emtrealtrader]

Very profitable strategy when u apply risk management

[BrianDriesenga]

Love this type of video. Would love to see more practical trading strategies. Thanks!

[seannguyen]

this is an interesting video and I have a concern if volume of order (e.g. 200 lots) impacts to the price? Thanks!

[wayneshand]

great video simple strategy with specific rules will certainly give it a go

[msar]

Hi, it has been my pleasure over series of your videos. I've got a little question for GBPUSD. At an average what is the safe and reasonable stop loss in terms of pips based on your experience for this pair for a day trader & what is the time frame used for entry

[AlexTricky]

Should we use BST at end of March or stick with GMT?

[nkosiyaphayapha]

Man cn u tell us strategies to trade Gold plz

[odnhll]

I've paid dearly entering an hour the before London open, I've heard it called the Frankfurt fake out
two hours before suffers from Australian session profit taking/closing trades.... Any thoughts on this

[salmankhan-fibc]

It would be great if anyone who can backtest this strategy and provide the result. Apparently, after few random backtest it looks good. Thanks