Hi.

Strategy : False London Breakout
Pair : E\U, G\U, U\J

Timeframe: 15m

Indicators : MACD, Stoch ( to check divergence ), BB, SMA(10),ADX

Rule : First of all draw line between high and low candles ( between 0.00 BST � 8.00 BST ) right after London open. This lines is our major resistant and support line. We want to spot :

- two candle pattern � piercing pattern, dark cloud cover or engulfing - ( depends on market situation ) : ( first is our base - can be replaced by daily l/h and second is a trade signal )

1. Below/Above the res/sup line*
2. On the res/sup line*

* for better probability with divergence occurred, and keep in mind following trend direction

-hammer or shooting star intersect with sup/res line with divergence spotted.

Important :Use ADX if you trade against trend to determine strength trend.
MACD must cross zero line in our trade day.
Only trade with momentum ( price action ).

Optional : Use SMA(10) or(and) middle BB if you miss(late) trade opportunity.

1. LONG TERM
Wait for the change of MACD(daily) color. Expect to continuation movement with direction of according MACD color. Enter with False Breakout rule ( but be more flexible- our stop loss is larger- enter when price break res\sup and back above\below it ) . Hold trade for 2-5 days or to BE ( after 1 day).
SL: No more than 40-50 pips.

2. SHORT TERM
Use this rule every day.
SL : e\u : 15-20 g\u: 15-20 u\j : 10-15 ( or low/high of the second pattern candle or base on ATR(20))
TP 1:support/resistance line or 3*SL
TP2: measured boxed range between sup and res
Optional : After 30 -45 pips move stops to break even.

Note : You can change SL and TP whatever your trading style is.

Strategy was profitable for past two months. I want to official test it here for about 3 months. During this time I hope we share some ideas and thoughts about this system.
In the end of each day or at least week I will post result.

Cheers.