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#1
4th September 2007, 11:39 AM
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60 minutes range breakout
Establish the price range during the first 60 minutes of the main trading session. If, during the second hour, price breaks the high of the initial range, go long with a stop loss one point below the low of the initial range. Conversely, if the price breaks the low of the initial range, go short with a stop loss one point above the initial high point. In either a long or short trade, a profit equal to the width of the initial range is targeted.
(Note this is not a recommended strategy, it is an example to show how a definite strategy could be built around the breakout approach.) Got it from net, hope it will be helpfull for someone/s to understand the basic concept of opening range breakout. regds. biyas. 
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#2
4th September 2007, 11:48 AM
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Re: 60 minutes range breakout
Hey Biyas!
Arre yaar! Meri bread and butter system ko public declare kyon kar rahe ho yaar! 
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#3
4th September 2007, 11:53 AM
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Re: 60 minutes range breakout
Quote:
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#4
4th September 2007, 12:00 PM
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Re: 60 minutes range breakout
Absolutely
But u need a good dose of MM for this strategy
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#5
4th September 2007, 12:02 PM
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Re: 60 minutes range breakout
Quote:
going with the trend works well under normal market conditions . . but this system will frequently hit stops in volatile markets like what we had in aug .
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#6
4th September 2007, 12:03 PM
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Re: 60 minutes range breakout
Quote:
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#8
4th September 2007, 12:10 PM
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Re: 60 minutes range breakout
Quote:
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#9
4th September 2007, 12:10 PM
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Re: 60 minutes range breakout
Babubhai
U dont need charts for this Just buy the 30 or 60 min breakout on upside or sell breakdown on down side. And count the money bas! Seriously, I would look for a good mm system, babubhai
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