February 7th Breakout Signals
Posted on February 7th, 2008 by Jafar
USD/JPY
Buy @106.67 SL106.45 TP106.90
Sell @106.22 SL106.45 TP105.93
EUR/JPY
Buy @155.90 SL155.55 TP156.24 (wait for retrace before entering it)
Sell @155.29 SL155.67 TP154.80
GBP/JPY
Buy @209.54 SL209.08 TP210.06
Sell @208.16 SL208.60 TP207.34
AUD/JPY
Buy @95.72 SL95.40TP96.03
Sell @94.71 SL95.00 TP94.40
GBP/CHF
Buy @2.1597 SL2.1550 TP2.1651
Sell @2.1477 SL2.1520 TP2.1385
can i know how to calculate these breakout signal….are these breakouts of few 1H candlestick from the opening price or simply derived from certain calculation…..?
There is no set rule I use for the breakouts. One method I use is sent to clients of RebateFX which is very good and some of the signals here are from those rules. Other signals I post here are based on either ranges, or support and resistance “zones” that I have determined from 4H or Daily charts.
So I can’t really explain exactly how I make these signals since their is a lot of experience based determination involved.