British Pound Pivot Breakout System

May 15, 2008

Stumbled upon this website, pipholic.com, while looking for other breakout trading systems to read about.  The author of this daily forex signal primarily trades British pound.  The strategy is a combination of the pivot, breakout, and support and resistance levels.  This trading system is similar to another pivot breakout system on Daily20Pip.com.  Check out both strategies.

From the author’s website: 

In general, the system is based on many basic trading concept: Pivot Lines, The London Breakout concept and support and resistance. The big ben strategy explains very well how The London Breakout concept could be very useful for trading the GBP/USD. Of course I have additionally put my own approach.

For a simple start, I believe that many of you - especially who have been following my free forex signals since the beginning- have recognized these simple formula:

1. Define the daily pivot
2. Place buy order at 20 or 40 pips above the pivot, or
3. Place sell order at 20 or 40 pips above the pivot
4. start to place the order at about 05.00 GMT

This entry was posted on Thursday, May 15th, 2008 at 10:55 am and is filed under Trading System. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “British Pound Pivot Breakout System”

  1. Karan said:

    May 30, 08 at 10:31 pm

    I found your blog via Google while searching for forex trading signal software and your post regarding British Pound Pivot Breakout System looks very interesting to me. I am very impressed with your site. The quality of the design and content makes it a real winner! Thanks again for a great site and a great resource on the net.

  2. Ronny Rabe said:

    May 31, 08 at 12:55 am

    This article sounds well, but how everything is related together?

  3. Daniel said:

    Jun 06, 08 at 4:56 pm

    I read similar article also named British Pound Pivot Breakout System, and it was completely different. Personally, I agree with you more, because this article makes a little bit more sense for me

  4. Simple Forex System Trading » Blog Archive » In Response to British Pound Pivot Breakout System said:

    Jun 12, 08 at 10:47 am

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