London BreakoutHow to capture pips within the biggest session in the

Forex Market.

by Steve Perry

Steve PerryAPIARY INSTRUCTOR

Steve Perry is currently the manager and director of a Forex

trading signals program at the Apiary Investment Fund. He studies

Finance at the Marriott School of Management at Brigham Young

University in Provo Utah.

Steve has won several awards within the largest business club in

America (FBLA) or Future Business Leaders of America. In 2012 he

took 1st place in the state of Utah in “Banking and Financial

Systems.” He later went on to compete on a national level and is

ranked nationally in this field.

Steve is Fluent in English and Spanish and has elementary

proficiency in Portuguese.

Steve has been trading and investing since he was 11 years old

when he saved up his lawn mowing money to buy 7 ounces of silver

as his first investment. When he was 13 he opened a stock trading

account and has been trading forex since he was 18 years old. His

greatest desire is to give back and help other people learn how to

invest in the markets.

ABOUT ME

London Breakout Setup

● The power of the Asian banks vs. the European banks.

● Price cycle during the Asian session vs. the London session.

● Matching price cycle with support and resistance levels. (Determines

Entry points).

● Currency Pairs: GBP/USD, EUR/USD, and USD/CHF.

● Buy stop above the Asian range high.

● Sell stop below the Asian range low.

● Close the buy stop or sell stop that did not trigger in the morning.

London BreakoutAsian High

Asian Low

Asian Open 11:00 PM (GMT)

London Open 7:00 AM (GMT)

Volatility Increase during the London session.

London BreakoutAsian High

Asian Low

Buy Stop Above Asian High

Sell Stop Below Asian Low

When should you NOT trade this strategy?

● New low or high are present at the 7:00 AM (GMT) London open.

○ If there is a high or low present, only place the countertrend buy or sell stop

● No visible support and resistance levels at Asian low or high.

● High volatility of European currencies during the Asian session.

● Lack of confidence to leave a position(s) overnight.

● Extensive scheduled news events associated with European currencies.

When should you trade this strategy?● Current trending market at 7:00 AM (GMT) is not present at Asian high or low.

○ In this scenario you may place both the buy stop and sell stop.

● Visible support and resistance levels at Asian low or high.

○ Buy and sell stops should be placed above or below support and resistance regardless

of Asian high and low.

● Relatively low volatility of European currencies during the Asian session.

● Great confidence to leave a position(s) overnight.

● Little or no scheduled news events associated with European currencies.

Question and Answer