London Forex

Wednesday, May 6, 2009

The London Forex Rush system is based on a powerful trading system that comes from the world of the stock markets. Intra-day stock traders have been exploiting the Open Range Breakout strategy for ages. And they continue to do so. That’s because this strategy is easy to understand, simple to execute, and above all, profitable

The Open Range Breakout intra-day stock trading strategy works like this: once the Wall Street opening bell rings at 9:30 am EST, breakout traders chart the first 20 or 30 minutes of action for certain, particularly volatile stocks. This opening timeframe is usually filled with wild swings as emotions run high in the early trading. Breakout traders mark the high and low point of that early period of volatility, and then watch closely to see which way the stock trends from there. Once the stock “breaks out” of that range, either to the upside or to the downside, the trader can confidently gauge the general direction the stock is likely to take for the rest of that trading session.


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