Sessions and opens

London breakout

15m

The rules, in plain English. Ask Wicky “Is my setup here?” and it checks each one on your chart, says what’s still missing, and draws your levels.

The rules

Range: the high and low before London opens (midnight to 07:00 London time).
Window: London's first three hours, 07:00–10:00 London time.
Trigger: a candle closes outside the range with a strong body.
Entry: the close of the breakout candle, or the first retest of the range edge if it holds.
Stop: back inside the range, at its middle (or the far side if the range is narrow).
Target: the range's height again from the breakout, or the previous day high or low. At least 2R.
Skip it if both sides of the range have already been broken.
On the chart: the pre-London range.

Try this setup on your chart ›Wicky for Mac

How Wicky checks it

Hold ⌃⌥ over your chart and ask. Wicky reads the chart on your screen, on any platform, and checks every rule above, starting with “Range: the high and low before London opens (midnight to 07:00 London time)”. Then it answers out loud: not yet, and what you’re still waiting for, or your entry, stop and target with the risk-to-reward, drawn on your chart and locked to it as you scroll.

Trade it a little differently? Change any rule, or write your own in plain English. Wicky checks your version, not a textbook’s.

Wicky checks your own rules. It doesn’t tell you to buy or sell, doesn’t predict price and never places trades. Trading involves substantial risk of loss. ICT and Smart Money Concepts are named to describe setups; Wicky isn’t affiliated with their authors.