how to download free London Forex Rush system is based on a powerful trading system Range Breakout is a strategy borrowed from the intraday stock markets

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.
So if we’re trying to mimic the stock market’s Open Range Breakout strategy into Forex, we
need a candidate currency that’s likely to be volatile early in the trading day.
Let’s enter the GBP (Great Britain Pound or Sterling Pound) into the equation. Typically, this is
by far the most volatile major currency. And its main crosses – GBPUSD, GBPJPY, GBPCHF,
GBPAUD, GBPCAD and GBPNZD – will routinely pull out larger moves across the board than
any other major currency. On any given day, all of the GBP major crosses will usually swing
across a range of 150 pips and above. Luckily, we only need to be in position to grab a small
portion of that range in order to make a healthy profit and grow our trading account.
1.5 Putting It All Together – The London Forex Rush System
Let’s recap what we have got so far:
The Open Range Breakout is a strategy borrowed from the intraday stock markets. It seeks to
recognize a stock’s likely overall bias for the upcoming trading session by carefully watching
for and monitoring its breakout from an early trading range established at the start of the
session. The stock – or currency in our case – being tracked needs to be volatile to be useful
for this purpose.
So¼
1. The Sterling Pound is extremely volatile against other major currencies.
2. The London Forex market has the highest trading volume of all the major Forex
markets, while Tokyo has the lowest.
3. The Sterling pound is hardly traded at all during the Tokyo session, while it is indeed
traded heavily during London’s.
4. The Tokyo market gives way to the London market between 2 and 3 am EST. At that
ore than perhaps any other system, the London Forex Rush system is focused on
one particular time of day – those first two hours as the Tokyo market gives way to
London. That means that we’re going to be interested exclusively in taking trades
during those two hours. The London market opens at 7 am GMT (which is 3 am EST), but we
will need to be in front of our computers few minutes prior to that, so we can check our charts
for possible trading opportunities.
By the way, just in case you’re confused about world time zones and you’re not too sure what
EST or GMT translates to in your own time zone, you can compare the world’s time zones at
this website:
2.2 The Trigger: The Tokyo Range
We will be using the trading range established during the Tokyo session as our entry signal.
Or, more accurately, we’ll be looking for the moment and direction in which the London
session’s price action breaks out of that range.
To make our entry point easy to find, we’ll want to have the Tokyo range clearly marked on
our charts. To do that, we’ll mark both the Tokyo high and the Tokyo low with two horizontal
lines.