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27# Asian Breakout III Trading System

Submit by Janus Trader

 

AHAL or Asian High Asian Low is daily scalping trading method, this

method disregards Fibonacci, trend lines, chart patterns and all oscillators.

Although you can change this system as you like by adding your own rules, the

profitability of this system is not in doubt.

How to Determine the Asian High and Low of the Day

It’s easy to determine high and low of the day in asian session, Just make lines for

the highest and lowest price between 21:00 GMT as a start and 06:00 GMT for

the end. Then we can indetify the high / Low of the day for the Asian session by

06:00 GMT.

Setup Entry and Exit :

 Pair GBPUSD and works on other pairs but do try it out with different SL

and TP

 55 EMA to spot high probability setups, thus avoiding entering any

positions against the trendAll we need is to identify the trend using the EMA on the hourly chart,

then switch to 5 minute time frame to enter either buy at the Asian High or

sell order at Asian Low (this system will usually yield at least 10 pips)


Asian Breakout
Asian Breakout.rar
compressed file archive 13.0 KB

Buy order

 55 EMA on the hourly chart is on uptrend mode

 Set the buy order at the Asian High Ask Price

 Set the stop-loss of 30 pips away from the Asian High

 Set the first targeted profit at 15 pips

 Set the second targeted profit at the next mid-pivot price level or the next

pivot point

 Move stop-loss to break even after the first target profit is hit

 Exit the second lot at the close of the 5-min bar if it closed lower than the

nearest pivot point

Sell Order

 55 EMA on the hourly chart is on downtrend mode

 Set it at the Bid Price at the Asian Low

 Set your stop-loss of 30 pips away from the Low

 Set the first target profit at 15 pips and the second target profit at the next

mid-pivot price level or the next pivot point


 Move stop-loss to break even after the first target profit is hit

 Exit the second lot at the close of the 5-min bar if it closed higher than the

nearest pivot point

 

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Asian Breakout