Day 5 London Open Breakout Winning Action

European currencies are continuously weighing down by the poor economic data. This morning, we briefly saw the sterling pound and euro at their lows - trading at around the 1.4800 and 1.2400 levels minutes before the London opening.

Despite that, I recommended to enter the Euro markets with the buying (long) setups.

• London Open Breakout System - Intro & Day 1

Here are the obtained results for today (on day 5):

Long EUR/USD 1.2472 with stop at 1.2412. Final profits: +40 & 27 pips

Long EUR/JPY 119.83 with stop at 119.23. Final Profits: +40 & 13 pips

Typical Live Metatrader results:


Cumulative Results +351 Pips (click here to view the system performance page)

Meanwhile, my other two systems, 100-pip and newstrader programs have been very quiet lately. I am glad to still be able to find some profitable setups.