This is another greatstrategy which allows you to find great intraday opportunities. Ithas a good profit-loss ratio and, this way, if you use good moneymanagement rules you can achieve consistent results. To use the 2Days Breakout strategy, the Awesome indicator is, once again, thebest confirmation indicator to use. You can use this strategy in anytimeframe you like. This strategy works well on 15 and 30 minutes,and even on 1 hour charts. So, feel free to try this strategy in your
favourite timeframe. Youcan also use it for any currency pair you like.
The rules 2 DaysBreakout:
Buy 1 pip aboveyesterday’s high or short sell 1 pip below yesterday’s low. Placea stop loss of 20 pips.
Exit the trade ifthe Awesome indicator gives you an exit signal or if your stop lossis reached.
Let’s take a look atsome real trades using this strategy:
Entry: Buy GBP/USD at1.7587
Stop Loss: 1.7567
Exit: 1.7693
Profit: 106 pips
The horizontal line inthe chart represents GBP/USD yesterday’s high. According to thisstrategy, you should buy one pip above the previous high, at 1.7587.Don’t forget to place your protective stop loss order of 20 pipsbelow the entry point. As you can see, according to the chart, theAwesome indicator is gaining strength. Notice that when you enter thetrade, it continues to move up, as well as the price. This is aterrific sign. The Awesome indicator is what you should observe sinceyou will close the trade once this indicator gives you the exitsignal. As you can see, the Awesome indicator turns red at 1.7693,telling you that bears are gaining strength. So, it is time to exitat 1.7693. This was a great trade, with 106 pips profit in just 3hours of work. With just a single currency pair, you would have won$1060. Always remember to place your stop loss in the platform when you give the entryorder. This is what will keep you in the game if something goeswrong.
Entry: Buy GBP/USD at1.8696
Stop Loss: 1.8676
Exit: 1.8829
Profit: 133 pips
In this chart, thehorizontal line at 1.8695 is the previous day high. According to thisstrategy, you should enter your buy order one pip above this price.As you can see, the Awesome indicator was bullish too, which meansthat there were no doubts about entering the trade. Do not forget toenter a
stop loss order 20 pipsbelow the entry point. You can define another stop loss value butalways insert your stop loss order. When, some minutes later, youstart to see that the Awesome indicator is turning red, be cautious;don’t get greedy. Take your profits out of the table. Exit thetrade at
1.8829. Again, this was agreat profit for just two hours of work. 133 pips mean a profit of$1330 if you trade a single currency pair.
Entry: Short GBP/USD at 1.8261
Stop Loss: 1.8281
Exit: 1.8217
Profit: 44 pips
This is another GBP/USD 15 minuteschart. The line is drawn 1 pip below yesterday’s low; so, this isour entry point for a short position. If you use this strategy,always draw yesterday’s high and
yesterday’s low lines on the chart.It is much easier when you have those lines on the screen instead ofonly numbers on your head or in a paper. As you can see in the chart,you have an opportunity to
enter in a short sell at 1.8261 – onepip below the previous day low. You will ride the trade until theAwesome indicator gives you a signal to leave or until your stop losshas been reached. In this trade, you should exit your positionat1.8217, for a 44 pips profit, when the Awesome indicatorturnedgreen, which was a clear exit signal.
Entry: Short EUR/USD at 1.2926
Stop Loss: 1.2946
Exit: 1.2835
Profit: 91 pips
As you can see in this EUR/USD 30minutes chart, there is a good opportunity to make a trade. We willenter in the short sell one pip below the horizontal line – at1.2926. As soon as the Awesome indicator turns green it’s time toexit this position. In this case, the exit signal was at 1.2835,giving you 91 pips profit. This trade also shows you that thisstrategy works fine in 30 minutes charts as well.
Entry: Short EUR/USD at1.2015
Stop Loss: 1.2035
Exit: 1.1945
Profit: 70 pips
This is another greatshort sell opportunity. Looking at this EUR/USD chart, our short sellorder will be one pip below the previous day low, exactly at 1.2015.When the Awesome indicator turns green, it is time to exit yourtrade. This happened at 1.1945. As you can see in all these examples,you can find great long and short sell opportunities with thisstrategy. Trade both sides of the market. If your strategy gives youa signal one way or the other, you have a good opportunity to makemoney.
