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BENEFITS: Session Based Breakout
Trading Strategy
1. TRADE CALLS
2 - 3 Trade Recommendations The session based breakout strategy is based on the premise that
Per Week most of the order flow in the currency market occurs during the
Clear Entry and Exit Levels Sent European and the North American sessions - the period of highest
to Your Email, Cell Phone, Chat liquidity and greatest concentration of news. Therefore a break of
the Asian session highs or lows can often lead to significant
2. LIVE TRADING continuation moves in the market with prices adjusting to the latest
Trade Live in our Private Chat economic and political developments of the day.
Room Twice a Month With Boris!
3. MAKE MONEY FROM
NEWS The Set Up Rules:
Receive Our Calls for Economic
Data Daily The strategy based breakout demarcates the Asian session period as
Know What to Expect and How 5PM EST (22:00GMT) to 2AM EST (7:00GMT) measuring the highs and
to Trade It lows of that range. Although the Asian session continues for a few more
hours beyond that time, Frankfurt and London traders arrive at their desks
4. FREE E-BOOK at 7:00 GMT and will often begin to move markets with force even before
High Probability Trading Setups the region’s equity markets open up for business. That’s why 7:00 GMT
for the Currency Market serves as the starting point for the setup.
$89 Value
Includes Our Favorite Trading The setup is most effective on the four major currency pairs
Setups!
- EUR/USD
5. MARKET OUTLOOK - GBP/USD
Weekly Fundamental and
Technical Video Market Outlook - USD/JPY
- AUD/USD
For more information on how
we trade in real time, please
visit We hope you enjoy this free report and find it useful!
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international copyright laws. It may not be reproduced, published, translated, merged, sold, distributed, modified or created in whole or in part without the written
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Session Based Breakout
Figure 1 demonstrates the highs and lows for EUR/USD during the Asian session on February 17th,
2010
As you can see the Asian session is typically a time of consolidation for the currency market with prices
generally trading in a narrow range. In the above example the high for the EUR/USD pair is 1.3778 and
the low is 1.3738.
All content in this document, including articles, charts, data, artwork, logos, graphics, photographs, animation, videos, web site design and architecture, audio clips
and environments (collectively the “Content”), is the property of BKForex Advisor LLC or its affiliates, licensors or “partners”, and is protected by national and
international copyright laws. It may not be reproduced, published, translated, merged, sold, distributed, modified or created in whole or in part without the written
consent of BKForex Advisor. Copyright © 2008, BKForex Advisor LLC. All Rights Reserved
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Session Based Breakout
News Based Breakout
When trading the session breakout strategy it is extremely important to distinguish between price-based
and news-based breakouts. News-based breakouts tend to have stronger momentum because they
represent a fundamental change in the market and often require major position adjustments not only by
the shorter term speculators by from the more important longer term investors as well. Generally, a
breakout in the direction of the daily trend supported by a piece of fundamental data will have the
greatest chance of continuation as more players join the trend. Similarly a massive economic surprise
against an overbought or an oversold condition will also generate a lot off short term momentum as it
forces many different market participants to react and adjust. Therefore, we trade news breakouts with a
more aggressive risk profile. Here are our rules for the news based breakouts.
News Based Breakout Money Management Rules
1. Enter trade on break of highs or lows of Asian session with 2 units
2. Place stop at -20 on the whole trade
3. Take profit on half the position at +20 and move the stop to breakeven
4. Trail the rest of the position by 20 points on the trade
All content in this document, including articles, charts, data, artwork, logos, graphics, photographs, animation, videos, web site design and architecture, audio clips
and environments (collectively the “Content”), is the property of BKForex Advisor LLC or its affiliates, licensors or “partners”, and is protected by national and
international copyright laws. It may not be reproduced, published, translated, merged, sold, distributed, modified or created in whole or in part without the written
consent of BKForex Advisor. Copyright © 2008, BKForex Advisor LLC. All Rights Reserved
BKFOREX ADVISOR BKFOREXADVISORS.COM
Session Based Breakout
Price-Based Breakout
A price based breakout is driven by purely technical considerations and stop hunting forays and will
often fail and reverse frequently leading to stop outs. It is therefore a lower probability trade and
requires more conservative money management techniques.
Our strategy for price based breakouts involves the following risk control rules.
Price-Based Breakout Money Management Rules
1. Enter trade on break of highs or lows of Asian session with 2 units
2. Place stop at -20 on the whole trade
3. Take profit on half the position at +10 and move the stop to breakeven
4. Trail the rest of the position by 20 points on the trade
All content in this document, including articles, charts, data, artwork, logos, graphics, photographs, animation, videos, web site design and architecture, audio clips
and environments (collectively the “Content”), is the property of BKForex Advisor LLC or its affiliates, licensors or “partners”, and is protected by national and
international copyright laws. It may not be reproduced, published, translated, merged, sold, distributed, modified or created in whole or in part without the written
consent of BKForex Advisor. Copyright © 2008, BKForex Advisor LLC. All Rights Reserved
BKFOREX ADVISOR BKFOREXADVISORS.COM
Session Based Breakout
If price-based breakouts often turn out to be fakeouts a question must be asked why trade them at all?
There are several reasons why price based breakout are worth a try. Often a sharp move above the
Asian highs or lows could presage some fundamental news to come as better informed market
participants anticipate the release of key event risk during the European morning hours. Additionally, a
strong move in price may also signal some non-transparent news away from the daily economic
calendar that only becomes evident after the fact. To be sure, these breakouts are often the result of
rumors and innuendos that turn out to be false, That’s why we trade them with a more conservative
money management approach. On the other hand, occasionally they lead to very strong directional
price moves and are therefore worth considering.
All content in this document, including articles, charts, data, artwork, logos, graphics, photographs, animation, videos, web site design and architecture, audio clips
and environments (collectively the “Content”), is the property of BKForex Advisor LLC or its affiliates, licensors or “partners”, and is protected by national and
international copyright laws. It may not be reproduced, published, translated, merged, sold, distributed, modified or created in whole or in part without the written
consent of BKForex Advisor. Copyright © 2008, BKForex Advisor LLC. All Rights Reserved
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Session Based Breakout
Caveats, Exceptions and Other Considerations
It is important to remember that session based breakouts are by no means assured bets. Risk control
is paramount. Our stop loss rules are based on general statistical approximations of maximum retrace
leeway we are willing to give these trades, but in times of high volatility and widening out of spreads
you may want to expand your stop parameters accordingly. Furthermore, breakouts can often stall as
the tug of war between bulls and the bears resolves itself. Therefore patience is often required.
Additionally breakouts can fail on their first attempt only to create a much stronger move on the second
or third break of the price levels, so persistence pays but it can be both expensive and frustrating to
incur the stop outs so you must prepare yourself mentally for such possibility. Lastly, to trade this
setup you must remain agnostic as much as possible. After failing to take out the lows price may
reverse completely and take out the highs and you must be able to completely change course to take
advantage of such moves. Finally, understand that the profit profile of this setup is much closer to the
low probability/high reward end of the spectrum rather that the high probability/steady profit you may
initially believe it to be. You are essentially trying to catch and ride the one or two big price moves of the
day in order to pay for the many stop outs that occur along the way. We have tried to mitigate some of
the risk with our 2 unit approach, but we have not eliminated it completely so above all else you must
be disciplined when you trade this setup.
All content in this document, including articles, charts, data, artwork, logos, graphics, photographs, animation, videos, web site design and architecture, audio clips
and environments (collectively the “Content”), is the property of BKForex Advisor LLC or its affiliates, licensors or “partners”, and is protected by national and
international copyright laws. It may not be reproduced, published, translated, merged, sold, distributed, modified or created in whole or in part without the written
consent of BKForex Advisor. Copyright © 2008, BKForex Advisor LLC. All Rights Reserved
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