Breakouts for a handful of pips

[neil]

Grabbing a few pips on break of 0700 and 0900 GMT range ?
About not being greedy.
Saw this on Oanda forum - maybe someone might like to try it on 5 minute chart?

Collect for each day the Highest and the Lowest of 0700 - 0900 GMT and trade with the 5min frame.
For 2 pips' target you can make it day in and day out.
The problem is that when it starts to be too easy, you will INCREASE and then...GREED takes over.
It happens like that EVERY TIME, but once you can overcome GREED then you are set and another multimillionaire is in the makin

OANDA FXMessage Forex Forum: 2 pips every day

Enjoy

 

[shadowninja]

That's not a breakout. That's a whipsaw. Breakouts soar away and give you big profits.

 

[puregold24carat]

......yup....sure way to lose wonga.