WebWho Is The London Close Trade Strategy For? The London Close Trade Strategy is for you if you are: Wishing to participate more actively in the markets on a daily basis. A WebWhat is the London Close Forex Strategy? London Forex Close is a very time specific strategy that Shirley Hudson has adapted and refined over the last 18 months. The WebHere’s what they cover in the London Close Trading Course: The Theory behind the London Close Trade (LCT) How the LCT is Set Up; The Full Trade Entry Is WebThis easy to execute trade sets up days per week and can be traded across most pairs. Its also sets up on several pairs at the same time!blogger.com WebHere are the 10 Steps of London Close Method: 1. Observe the 5 day Average Daily Range 2. Identify qualified pairs 3. Wait until the London Close time window 4. ... read more
This strategy allows her to trade around the London Close which fits her lifestyle and something that she can commit to on a consistent basis. How often does the London Close Forex System trades? However there are times when nothing is happening in which case we are happy to sit on our hands.
So why is the London Close Trade so profitable? The London Close Trade can be predicted with a high degree of accuracy because of the price retracements that occur near the London Close.
Price usually falls back to a predictable trading range. You read it right! This is what Shirley Hudson has been able to achieve by trading her simple yet highly effective strategy. In fact, she has been trading this strategy for almost 2 years now but she only started keeping a track record on spreadsheet since January Now you are probably thinking that the risk must be extremely high to generate these unbelievable winning percentages.
Absolutely not! Quite the opposite. With this strategy, Shirley usually never risks more than about 20 pips. In fact, her average reward-to-risk ratio is about 1. These trade results are not hypothetical. Shirley is a student of Vic Noble, a professional forex trader who helped her perfect her London Close Forex Strategy.
So she has voluntarily disclosed her trading log. Well, it is simply mind-blowing! Since January of , Shirley has profited an astounding 47, pips and counting using this simple strategy. Out of total trades, a staggering were winners, 85 were break-even trades and only 55 trades actually resulted in losses! That's an unblievable return of 20 pips gain per trade!
I know this sounds like fairytale but please stay with me! By the way, Shirley will tell you that she's extreme conservative and has a low tolerance for risk. This is why this system works so well for her. It keeps her risk so low that emotions never play a part in any of her trades.
This has allowed her to consistently apply this technique in her daily trading. You are probably on the edge of your seat wondering exactly what this strategy is all about? Well, it is not as complicated as you might think. You see, because Shirley lives on the West Coast of North America, she finds it impossible to stay up all night to trade the active London session 3AM - 8AM EST. Besides, she has a very active life as a grandmother, mother, wife and Realtor, so she had to adapt her trading to suit her lifestyle - not the other way around like so many other traders do.
This strategy allows her to trade around the London Close which fits her schedule and is a routine she can commit to on a consistent basis. Some of you may know that Shirley has been my student for many years. I can tell you first hand that she struggled for many years with her trading consistency. I still remember the day when she turned her trading around, almost 3 years ago. It was the day that Shirley discovered that she was able to successfully apply an entry technique that I had shown her called the "Noble Entry".
This entry technique works especially well when certain market conditions presented themselves at the London Close. She went on to experiment and refine this technique and has now perfected it. I remember the e-mail I received from Shirley in which she told me that she had finally "cracked the code" and discovered the exact strategy that she was searching for all those years. And she has never looked back since.
I visited Shirley in Washington State because I wanted to congratulate her and to learn more about this incredible strategy. I wanted our members to hear our conversation so I brought my camcorder. I'll let Shirley tell you in her own words why this strategy has worked so well for her click on the above video to watch an abbreviated interview with Shirley Hudson.
Any ways, I thought, wouldn't it be incredible if the traders at Forexmentor could somehow get their hands on this strategy?
Who wouldn't want to spend only a few hours a day to trade a setup that takes place almost every day no matter where they live in the world! Watch the preview here. The exact same strategy that Shirley used to generate these incredible results was revealed in detail.
We showed traders how they can implement this strategy in their own trading. The full recording to the event is now made into a complete video course. To make sure you have all the prerequisite knowledge and post webinar support, we are offering the following companion resources to all webinar attendees. To absolutely make sure that you are getting the best follow-up support possible, we are offering these additional bonuses to all members of this program.
Remember, you will learn the entire strategy step-by-step along with illustrations and trade examples in this one-of-a-kind video training program. You will have the full knowledge of what Shirley does daily to achieve her incredible results. We are conditioned to be very skeptical of claims such as Shirley's and you should be.
But Shirley's trading record is REAL. That's the reason we make all past performance record available. More importantly, this is a strategy that you can learn and trade just a few hours a day.
Consider the implications for your trading career if you are able to come even close to these truly amazing results. We've already had numerous feedback from many of our traders telling us of their positive results. Just read their testimonials.
Performance Disclaimer: These results are unique to Shirley Hudson and we do not claim that they are typical, nor have they been independently verified. Your results will be different. Past performances do not guarantee future results. There is always the potential for loss.
by TradingStrategyGuides Last updated Feb 22, Advanced Training , All Strategies , Forex Strategies 66 comments. Learn how to trade the London breakout strategy and some effective ways to beat the smart money.
The London breakout trading strategy incorporates secret trading concepts that you can take advantage of in the Forex market. If this is your first time on our website, our team at Trading Strategy Guides welcomes you. Make sure you hit the subscribe button, so you get your Free Trading Strategy every week directly into your email box.
Everyone has heard of breakout trading. As the term implies, breakout trading strategies attempt to identify price movements that are "breaking" from a predictable range.
These ranges can be captured via Bollinger Bands and various other technical indicators. The market price be it for Forex currencies, futures, stocks, commodities or cryptocurrencies is constantly changing from trends to ranges and vice-versa. And the only way that the transition from a range to a trend can happen is if the price breaks out of its range. In simple terms, the London Breakout strategy is a day trading strategy that seeks to take advantage of the trading range prior to the London opening session.
Because London is in a different timezone, the market opens several hours before exchanges in New York. This gives traders a unique opportunity to enter into new positions. Smart money used the London Forex session to benefit from predictable breakout signals. To successfully day trade the London open, you will need to understand how a security's price is determined.
Our team of industry experts will reveal the missing link to successfully trade the London opening range breakout strategy. The most basic form of establishing the London range is to use the high and low of the previous trading session aka the Asia trading session. This method takes into consideration the whole price action since the start of the new trading day.
The second method used to define that London trading range ignores that candle wicks and focuses on the closing prices to define the range. The bulk of the trading volume happens inside the body of the candle. So, by ignoring the wicks we keep our focus where the real action happens.
These two trading sessions tend to see the most forex volume. A lot of the trading volume activity will come from the banks, which will try to accommodate their corporate clients. Most of the trading activity will be compressed in this time frame.
If you miss your entries and a trend emerges from the London opening range breakout, the market will not give you a second chance to get back into the trend. Our team of experts has done a very rigorous London breakout strategy backtest and found the perfect time window to make money forex trading. Be sure to act quickly because the window of opportunity is very limited. The ideal time window to trade the London open strategy is one hour before the actual open and one hour after the London open.
Basically, you have a 2-hour window of trading opportunity. Our backtesting results have revealed that the 1 hour before the London open has as much relevance as the 1 hour after the London open. Actually, our favorite London trading setup to trade is when the market starts to move before London open.
The trading foundation to trade profitable the London daybreak strategy is to trade against the crowd. Our backtesting results revealed that by fading the London Open we have a very high probability trading setup. The London open breakout strategy works because the Asia trading range tends to attract buy and sell stops above and below the trading range.
And, the smart money is always in search of liquidity to fill their large orders. Our backtesting results revealed that momentum really starts to pick up 1-hour earlier than the actual London opening session.
There are some smart ways to trade this burst of momentum. The smart money has used the pre-open move to trigger the stops below the range and now they reverse the tie and start buying. In simple words, the bullish momentum used to produce the false breakout needs to be equal to the bearish momentum used to fade the pre-open move.
Once this trade setup is completed, you should see a price formation that takes the V-shaped form or inverse V-shape. We can measure the size of the Asia trading range and project that, from the top or bottom of our range to get our profit target. But, oftentimes this type of setup can lead to a trading day that can extend in the days to come. For more info on this topic, please check our newest Trend Trading Strategy — The Right Side of the Market.
If you want to get a glimpse into the mindset of the most successful traders and hedge fund managers, please read: Top Trading Quotes of All Time - Learn to Trade. No matter how much you twist a trading strategy, losses are the cost of doing business. The pre-London open breakout happens minutes before the open, which is still in line with our London daybreak strategy rules.
The London breakout trade signal was triggered, but after being already 1 hour into the London session, the trade has slightly moved against us.
So, we close the trade at a small loss. The breakout happens before the London open and additionally, the move starts fading away at the same speed as it went down.
There is one more element to this London breakout trade that added extra confluence for our signal. If you really want to kill it with the London breakout trading strategy you need to know what currency pairs to trade. Not all currency pairs perform the same with the London breakout strategy. Some currency pairs tend to exhibit better trade signals than others. The London breakout strategy works across all currency pairs but tends to perform better on the GBP crosses.
Keep in mind that the best time to trade the London open breakout is one hour ahead and one hour before the London trading session, which gives you a 2 hour time window. The London breakout trading strategy is a profitable intraday Forex system. The London breakout strategy can easily yield pips every day. If you aim to make a minimum of 20 pips per day, the London breakout system can help you achieve your financial goals. This should give you consistent returns over the long run.
However, the ultimate key to consistent long-term profitability is also having a good risk management strategy. So, be sure you trade safe and wise! In summary, the London breakout strategy can increase the probability of your success in the forex market.
Now that we know the technical concepts behind the London open make sure you only take those setups that align with all the rules exposed throughout this trading guide. But, the good news is that you can take advantage of the New York open using the same rules adapted for the New York breakout strategy. In fact, some trading strategies will involve using the London open and the New York open within the very same day. We specialize in teaching traders of all skill levels how to trade stocks, options, forex, cryptocurrencies, commodities, and more.
Our mission is to address the lack of good information for market traders and to simplify trading education by giving readers a detailed plan with step-by-step rules to follow. Now I know the trick Let me know if any ea or indicators are made for this Cheers. Let's say I had a perfect breakout, the market is going on my way how long I can take the trade if it still didn't hit my target?
Thank you. Will be trying it out and hope I will be experiencing good results more than bad ones. Remain blessed. Thanks for all efforts you guys do I understood the strategy but I have issue with "Asian session " Is it include Sydney market or Tokyo session only?
The Asian session is part of the Sydney session followed by the Tokyo session. The main part of the Asian session traditionally begins at GMT, with the Sydney session, followed by Tokyo that starts at GMT, the markets opening on Sunday night and closing on Friday evening with the New York session ending at GMT.
Hope this helps! I personaly trade the stratery in sync with the trend and all my orders a set inline with the prevailing trend ,eg if on a downtrend i only look to place sell stop orders. I also use confluence of candle stick patterns.
Automated EA would be fantastic as usually setting off for work during this time based in UK. Hi can I ask for some help please regarding the picture in rule 2. It looks like the time zone shown is London time so the vertical dash line labeled "London open" showing up at 10am, should this not be placed at 8am when London opens? Also the red shaded box labelled "1 hour before London opens" shows 8 candles on the 15m time frame and so represents 2 hours in total from 8am - 10am. If I've understood the strategy correctly should this box not cover the 7am to 8am window?
The diagram makes sense if we apply the range to cover the whole of the Tokyo window which is from 12am - 9am London time so I'm just wondering if I've understood this correctly - should the range in this strategy be covering the whole of the Tokyo session and then applied after it closes in which case the diagram makes sense or is the range only until 7am London time and the look for a breakout between 7am - 8am in which case the diagram doesn't make sense to me?
Many thanks for your help and explanation. I would love to see the automated version of this strategy. I use the EFC dashboard at LBO on the lower timeframes and it gets quite busy. Hi, could you kindly reply to the above comment by Shika for I'm having the same questions? Thanks for all your videos - I had to watch this one twice before I fully got it. I trade the five minutely and often see a good run before the London open - thanks to your explanation I can see a reason to exit if it looks like it will reverse rather than wait for my stop to be hit.
A lot of the times it takes many times to get a concept. This method is not the easiest but with a little practice could be big time.
The banks love stop hunting. Although the pre open range is important its the directional momentum at the open that is critical. Using the minute time frame look to the price to expand at least 3 times previous candles. Do not trade pre open. The time stop loss is excellent normally takes on average 30 minutes to reach a point before a pull back. I hope you find this refinement simple and effective. Yes I did read the article and also watched the video that Tim did on it.
Web21/3/ · London Breakout Forex Trading Strategy Trading Rules. Identify the last 3 one hour chart candlesticks of the Asian forex trading session. Determine the highest high of WebHere’s what they cover in the London Close Trading Course: The Theory behind the London Close Trade (LCT) How the LCT is Set Up; The Full Trade Entry Is WebWho Is The London Close Trade Strategy For? The London Close Trade Strategy is for you if you are: Wishing to participate more actively in the markets on a daily basis. A WebWhen the London Close Trade Strategy course was first released, Shirley and I published over 70 daily LCT trading examples to further demonstrate how to trade this popular WebLearn to trade a very time-specific London Close Forex Trading Strategy - Shirley Hudson demonstrates how this is done with an incredible 90+% accuracy - trading proof WebWhat is the London Close Forex Strategy? London Forex Close is a very time specific strategy that Shirley Hudson has adapted and refined over the last 18 months. The ... read more
Happy with this forex training course? She currently works as full-time Realtor. See below: Table of Contents hide. For more info on this topic, please check our newest Trend Trading Strategy — The Right Side of the Market. The time stop loss is excellent normally takes on average 30 minutes to reach a point before a pull back. No representation or guarantee is offered or implied as to the trading results that may be attained by applying concepts presented herein.Automated EA would be fantastic as usually setting off for work during this time based in UK. Share Article:. And the only way that the transition from a range to a trend can happen is if the price breaks out of its range. Our london close forex trading strategy of industry experts will reveal the missing link to successfully trade the London opening range breakout strategy. Entering your comments is easy to do.