EUR/JPY 30/30
March: -30
Cumulative Results (Since 10/01/07): +360
* You are viewing the archive for March, 2008
|
Previous Hi/Lo |
Buy/Sell |
Price |
Profit |
Stop Loss |
|
157.38 |
Buy |
157.43 |
157.73 |
157.13 |
|
156.12 |
Sell |
156.07 |
155.77 |
156.37 |
I found this break out trading system on an experienced trader’s blog. He documented in details about how to use this system. The currency pairs he recommended were EUR/JPY, GBP/JPY, and GBP/USD. Mostly because these pairs tend to have wider swing and are more volatile. The system is very similar to the one I am using. However, I primarily trade EUR/JPY using the break out strategy.
Take a look at his blog at Practical Forex Trading. It’s a good read guaranteed.
I found this website which has posts daily about the British Pound trades. It is using a Set and Forget method. The profit and loss ratio looks good. Take a look at Daily 20 Pips.