Archive for the Make Me Some Money Ideas Category
![Beauty trade on the 9-to-9 GBPUSD trading system]()
On Friday 11th (sorry, posting this a bit late), I traded the 9-to-9 trading system on the GBPUSD. For those who haven't been following, it's trading the breakout of the highest and lowest points between 9pm and 9am GMT time.
The timing on my chart says 5am but that's because I am using a US broker and it's not clever enough to work out where I actually am.. it's a minor detail.
Anyway, the top of the range was 14757 and the lower, 14651. The range is just over 100 pips so can be done. I h
June 14, 2010
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![The original breakout system and trading it...GBPUSD forex trading]()
As I mentioned in previous posts about the breakout system that I had been trading and losing faith in it. I have to distinguish between them as they are both breakout systems.. I'll call them the 4 - 7 trading system and the 9 to 9 breakout system to signify the time range for drawing the upper and lower lines.
So, I'm talking about the 4 - 7 trading system. As previously mentioned, I was losing faith in the system and didn't trade it yesterday. This proved to be a mistake as the system did
June 10, 2010
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This was quite disappointing... the market dipped below the lower band to trigger my short but it didn't stay there long. It shot up, took out my stop at 50 pips away and trigger the long. The long got me my 30 pips but it flew 60 pips in total.
-50 and +30 = -20 pips for the day...
June 1, 2010
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