Trading volume and volatility for the GBP and EUR pairs is generally low during the Asian and Australasian sessions, and increases during the London and New York trading sessions. This strategy aims to capitalize on a breakout of the narrow trading range just before the London session opens, and capture the initial directional movement of the market.
There are several ways to do this, but as with many trading strategies, it often requires subjective assessment and decision making. This specific strategy seeks to remove the subjective decision making process in trading, which is often the cause of inconsistent trading results. Hence the trading strategy rules are simple and explicit and easy to execute for novice and experienced traders.
Also called London Daybreak Strategy, Euro Open Strategy, European Open Strategy, Volatility Breakout Strategy, Daytrading.
- File Size: 3975 KB
- Print Length: 13 pages
- Simultaneous Device Usage: Unlimited
- Publisher: EPublisher Club; 1 edition (June 28, 2015)
- Publication Date: June 28, 2015
- Sold by: Amazon.com Services LLC
- Language: English
- ASIN: B010M9CSOE
- Text-to-Speech: Not enabled
- X-Ray: Not Enabled
- Word Wise: Not Enabled
- Lending: Enabled
- Enhanced Typesetting: Not Enabled