There was a lot of buzz in the elite room when Gary Duhon and I informed everyone that we collected over 800 pips in Forex trading early Friday morning. Actually, I started earlier because I was able to wake up before 3AM Central time.
About two weekends ago, Gary mentioned a video discussing trading the London session open using hourly charts. The strategy is known as the London Breakout Strategy (aka LBO). I was able to collect 240 and 375 pips using this strategy the week before, but had barely reached breakeven for the first two days of this past week.
This strategy was actually a “blind” strategy… you placed a buy order and sell order simultaneously and once one of the orders was filled, you would then cancel the other order. The open of the London session can go through high volatility at the open and can easily stop your position out. After the two lackluster days, I was looking for a better alternative… and found APEX tools and indicators to be a good alternative!
No more “blind” entries hoping the markets would continue to move in the direction I desired. APEX tools gave me a high probability that the trades I placed would work… and did they work!
… a total of 568 pips collected in the Forex market, and, I had a couple of losing trades!
As I mentioned earlier, this was a “perfect storm” and I just happened to be in the right place at the right time. I don’t expect this kind of trading day to occur on a day-to-day basis, but I know APEX tools definitely provide me with an “edge” to trade the Forex market.
Thank you APEX!
~ Huey Savoie
I’ve posted my Forex trades for Sep 9 below but will admit not all of my entries are based solely off signals generated by APEX tools and indicators. I also use an “intuition” factor… a personal feeling where I am confident the market will continue in a profitable direction. It’s the only non-APEX tool in my arsenal.
My Forex trades for Sep 9…