27# Asian Breakout III Trading System
Submit by Janus Trader
AHAL or Asian High Asian Low is daily scalping trading method, this
method disregards Fibonacci, trend lines, chart patterns and all oscillators.
Although you can change this system as you like by adding your own rules, the
profitability of this system is not in doubt.
How to Determine the Asian High and Low of the Day
It’s easy to determine high and low of the day in asian session, Just make lines for
the highest and lowest price between 21:00 GMT as a start and 06:00 GMT for
the end. Then we can indetify the high / Low of the day for the Asian session by
06:00 GMT.
Setup Entry and Exit :
Pair GBPUSD and works on other pairs but do try it out with different SL
and TP
55 EMA to spot high probability setups, thus avoiding entering any
positions against the trendAll we need is to identify the trend using the EMA on the hourly chart,
then switch to 5 minute time frame to enter either buy at the Asian High or
sell order at Asian Low (this system will usually yield at least 10 pips)
Buy order
55 EMA on the hourly chart is on uptrend mode
Set the buy order at the Asian High Ask Price
Set the stop-loss of 30 pips away from the Asian High
Set the first targeted profit at 15 pips
Set the second targeted profit at the next mid-pivot price level or the next
pivot point
Move stop-loss to break even after the first target profit is hit
Exit the second lot at the close of the 5-min bar if it closed lower than the
nearest pivot point
Sell Order
55 EMA on the hourly chart is on downtrend mode
Set it at the Bid Price at the Asian Low
Set your stop-loss of 30 pips away from the Low
Set the first target profit at 15 pips and the second target profit at the next
mid-pivot price level or the next pivot point
Move stop-loss to break even after the first target profit is hit
Exit the second lot at the close of the 5-min bar if it closed higher than the
nearest pivot point
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Write a comment
KiffBoss (Sunday, 25 April 2021 04:35)
Great service to traders!!!
Big Claps and hatsoff to you!!!