The London Breakout Strategy or LBS is a simple but effective strategy for both beginners and seasoned traders. This Strategy only requires a couple of trendlines and no fancy or complicated indicators are required to work this strategy.
Why does this strategy work so well?
The FOREX market is the largest market in the world providing some of the best liquidity during overlapping sessions making it very easy to enter and exit positions in the blink of an eye.
The largest session happens to be the London session and it is here that we want to focus our efforts. Professional traders know that the overall day’s direction is typically set in the first 2-3 hours of the London session. We want to catch this move as it happens and exit with 50 pips.
The LBS works as banks around world use the London session to exchange currencies for commerce and for hedging purposes. We want to use the GBP/USD currency pair since the U.S. is not only the next largest session but begins while the London session is still open.
See how the Emerging Money Team has uses the the London Breakout session strategy for a consistent return.
To Subscribe Click Here