THE LONDON SESSION STOP HUNT
If you are here is because you are looking for a profitable strategy
I don’t like when people begin their blog posts with their life history or whatever… We are here to trade forex and to find profitable strategies right?
Well today i’m finally sharing something i have been trading for a while now,
Anyway, straight to the point, the strategy evolves on the 7:00 and 8:00 (1H chart) candles (London UTC time!)
We are going to look for a kind of stop hunt of the 7:00 candle,
As you can see the 8:00 candle breaks the low or the high of the previus candle to then retrace and close on the opposite side, this brings us to a main concept of the strategy, for this to work we need the two candle to be the opposite color, so if the 7:00 candle is bearish we want the 8:00 candle to be bullish and viceversa.
So for a bullish signal we want the 7:00 candle to be bearish and the 8:00 candle to break the low of the 7:00 candle with his wick.
For a bearish
That’s it, the pattern is this…
- Being this strategy based around the london traders it must be used only on EUR and GBP pairs.
- Fridays seems a bad day to trade this.
Take Profit and Stop Loss:
Here comes the though part… There are 2 ways to trade this:
- 20 pips TP and 20 Pips SL
- 100 Pips TP and 100 Pips SL
BUT especially for the second way of trading it, it’s important to close the trade with a profit or a loss either at the
THE LONDON SESSION STOP HUNT STREATGY
Let’s see a few recent examples: (1H Chart)
EUR/USD 6 Dec 2018 (+40 Pips)
EUR/USD 28 Nov 2018 (+100 Pips)
GBP/USD 28 Nov 2017 (+70 Pips)
The youtube video where i explain the strategy in detail is us UP on youtube now.
To follow the strategy and to
Here you can find our Forex Economic Calendar