(LCB) 最大蜡烛突破 ((LCB) Largest Candle Breakout)

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This thread has just been opened after I noticed something rather strange on Sunday while trying to refine the entry for the London Breakout System that Paulus posted in the 1 Trade a Day thread. The entry is there, we still have to define the TP and Exit.

Hopefully Paulus and others will come over to this thread and contribute to fine tuning this system as it has been tested today for the first time after I posted projected breakouts on various pairs based on this system in the above mentioned thread. http://www.forexfactory.com/showthre...165513&page=20

Shift the TF to a m15 chart,
(right click/Properties/Common) use the "Show Period separator" and find the longest candle over the whole 24 hour period and put a line on the top as resistance and on the bottom as support, highlight the area between the two lines with a reasonably long rectangle so you will be able to identify the area quickly. Even a Sunday candle is valid.

Shift the chart to an H1 TF and watch for the breakout of the S&R lines where the 5EMA breaks the line.

I recommend using an RSI to verify the breakout.

Don't ask me why this works but it appears to be consistent, even the Sunday bar seems to work. As I mentioned earlier, this system has only just been stumbled over and needs a lot of work on it. What it doesn't need is more than 2 indicators.

Setup on GBP/USD M15 Sunday May 10 M15 candle