LOBS Hitting All-Time High

My LOBS continues to make new highs this month. It managed to add 193.7 pips today. The system win-rate has slightly improved to 71.7% on Day 57.


Read my previous log entry on Day 50:

At present, LOBS is my most valuable daytrading strategy. If you run the system as your trading vehicle, be patient and let the story unfold. Don't worry if you see the EA moves lower tomorrow or the next day. The long-term is what counts for you. So far, the system winning rate stands at 70.8% on Day 50.

Another Great Day for LOBS !

London Open Breakout System (LOBS) closed up +280 pips today and thus giving us a total of of 1304.8 pips since the start - highest profit ever !

For those of you who like the shorter-term action, you can always play the picks I lay out on the member site for intraday fast gains. And just like some of you did very successfully with LOBS today.

At present, LOBS is my most valuable daytrading strategy. If you run LOBS as a trading vehicle, be patient and let the story unfold. Don't worry if you see the EA moves lower tomorrow or the next day. The long-term is what counts for you. So far, the system winning rate stands at 70.8% on Day 50.

LOBS in action today:

Long EUR/USD @ 1.3273 for +40 & 100 pips

Long EUR/JPY@ 131.32 for +40 & 100 pips

US Non-Farm Payrolls Day Setups (+134.7 pips)

Lately, the forex trading themes see-saw between being risk averse and having risk appetite. Having a mixed bag of day trading strategies will help to beat the market uncertainties and pull in the daily profits.

London Open Breakouts:

(European Session) Long EUR/USD at 1.27873. Final profits: +40 & 9.8 pips

(European Session) Long EUR/JPY at 116.234. Final Profits: +40 & 57.8 pips

Newstrading EA:

(UK GBP Manufacturing Production) No trade

(CA Employment Change) Long USD/CAD at 1.25212 for +0.3 & 0.3 pips

(US Non-farm Employment Change) Long GBP/USD at 1.46920 for +25 pips & 16.5 pips

100-pip EA

(European Session) Short GBP/USD at 1.46668 for -60 & -60 pips

Daily Manual Setups

(European Session) Short GBP/USD at 1.4733 for +90 pips

(European Session) Short AUD/USD at 0.6551 for -25 pips

Total pips: +134.7 pips

Today's Daily EA Setups (+113.6 pips)

London Open Breakouts:

(European Session) Long EUR/USD at 1.28572. Final profits: +40 & 0.9 pips

(European Session) Long EUR/JPY at 115.398. Final Profits: +40 & 11.7 pips

Newstrading EA:

(UK Interest Rate Announcement) Long GBP/USD at 1.4614 for +25 & 24 pips

(ECB Press Conference) Short EUR/USD at 1.2788 for +25 & 7 pips

(CA Building Permits) Short USD/CAD at 1.2273 for -30 pips & -30 pips

Total pips: +113.6

The Start of 2009 & Daytrading Routine

Monday marked the start of the first full trading week for 2009. I officially kicked off my new year trading with two straight winners. Price volatility had come down quite a lot recently and I was able to make good use of my day trading program/plan. Owing to efforts made in 2008, now I keep a simple, automatic and discipline daytrading routine.

Below shows the two newly closed positions. The captured screenshots show my EA program's automatic entries and exits. Two exit targets were employed which produced a combined profit of +139 pips with the use of EA programs. A possible +85 pips with manual trade. All real-time trade entries and exits can be found on my daily spreadsheets - which is made available to my program subscribers.

European Session
No. of signal recommendations: 1
End-of-session results: USD/CAD +85 pips

100-pip EA
No. of auto-entries: 1
USD/CAD +40 & 43.5 pips
EA screenshot attached:


Day 15 - London Open Breakouts
No trade EUR/USD
Short EUR/JPY at 127.087 with stop at 127.687. Final Profits: +40 & 15.5 pips
EA screenshot attached:

Ecstatic London Open Breakout Actions on Friday (Day 13: +787 pips, Up 229 pips)

Day 13. London Open Breakouts. Overnight action saw the yen rallied to multi-year high against the dollar to 88.53 at one point. Yes, 88.53. This was due to the auto-bailout vote failing at the senate. Anyway, at the opening of the London trading session, we went long in the Euro markets, i.e. Long EUR/USD and EUR/JPY.

Here are the results !

Long EUR/USD 1.3298 with stop at 1.3228. Final profits: +40 & 49 pips

Long EUR/JPY 119.47 with stop at 118.87. Final Profits: +40 & 100 pips

All Results Since the Start +787 pips (Also click here to subscribe)

I may post some screenshots with LOBS' entries and exits later.

London Open Breakout System (Day 10: +751 pips)

Day 10. London Open Breakouts. Today's entries and exits are as follows.

Long EUR/USD 1.2610 with stop at 1.2550. Final profits: +40 & 31 pips

Long EUR/JPY 117.51 with stop at 116.91. Final Profits: +40 & 31 pips

Cumulative Results +751 Pips so far

EA screenshots attached:

Long EUR/USD @ 1.2610 for +71 pips

Long EUR/JPY @ 117.51 for +71 pips

Pushing Ahead with Nice Gains on US Thanksgiving Day with London Breakout & 100-pip Systems

Here are the obtained results for today's London Open Breakouts (day 8):

Long EUR/USD 1.2916 with stop at 1.2856. Final profits: +40 & 12 pips

Long EUR/JPY 122.93 with stop at 122.33. Final Profits: +40 & 33 pips

Cumulative Results +397 Pips so far

Meanwhile, the 100-pip program also made two trades. One with the above the EUR/USD trade and the other with GBP/USD, which happened to make the full 100-pip profit.

Long GBP/USD @ 1.5397 (Final results +40 & 100 pips)

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.

London Open Breakout System - Day 3 & Program Launch

Results on day 3 (Nov 5):

• London Open Breakout System - Intro & Day 1

Long EUR/USD 1.2879 with stop at 1.2819. Final profits: +40 & 72 pips

No trade EUR/JPY

Live results:

Cumulative Results +351 Pips

>> Click here to view the System Performance page

London Open Breakout System - Day 2

Results on day 2 (Nov 3):

• London Open Breakout System - Intro & Day 1

No trade EUR/USD

Short EUR/JPY 126.89 stop at 126.49 - Profits: for +40 & 1 pips

Cumulative Results +239 Pips

London Open Breakout System - Day 1

I've been looking for a new leading indicator for my London Open Breakout System (LOBS). Surprisingly, the "forex killer" signals have been working well for this system. The main trading idea is for me to get involved only when the markets are in overbought or oversold territory, i.e. looking for some breakout actions which can lead to a quick bounce in price during the active London opening hours.

• Early London Workout System: Can I Follow My Charts?

I should be able to follow the system quite easily - as I can readily auto-trade this new system with my 100-pip program using the generated forex killer signals. At present, I am suggesting trading only the Euro markets (e.g. EUR/USD and EUR/JPY).

Here is the results on day 1:

Long EUR/USD 1.2742 stop at 1.2682 - Profits: +40 & 18 pips

Long EUR/JPY 123.62 stop at 123.02 - Profits: for +40 & 100 pips

Cumulative Results +198 Pips

I'll be proving additional detailed info about this system to my existing daytrading service subscribers soon. First, let's me start tracking the LOBS performance from now on, following the footstep of the well-established 100-pip and newstrading programs.