Attack of the box Box trading is a very profitable method of capturing breakouts and filtering whipsaws. Its been used by many institutional traders all over the financial market. One of the most

Attack of the box

Box trading is a very profitable method of capturing breakouts and filtering whipsaws. Its been used by many institutional traders all over the financial market. One of the most

famous breakout system is the Big Ben strategy.

It took advantage of activities made by the London Open. Another one worth mentioning is called “Trading the box”. Its a system devised to capture the NY session made popular by Rob Booker. An outstanding Star Wars fan, just like me!! LOL.

In this episode, I will try to make it as simple as possible, however I must warned

JajaBinks and Grandmas that this method is a little more complicated than the method

deployed in Episode One.

I will be covering the basic system, entry and exit, and of course how to filter bad trades using Episode I and II.

This system is not as powerful as The next Episodes but

neithertheless, it can easily harvest 20pips or more. Therefore, diapers (some pee in their

pants) and knee caps (will not cause you to fall off your chair) will not be necessary.

THE BASIC SYSTEM

Create a box from 00:00GMT until 08:00GMT. Basically, drawing a horizontal line from

the highest and lowest of the eight hours candles. In plain english, a good trade will

happen should it breakout from this box. The reason, as Frankfurt and London opens,

activities will move the candle outside the box and formed a new trend either upwards

and downwards.