Speeding up the EURUSD
Shane D
Can a fast timeframe dish up some nice winning sessions? You bet it can!
Not only that, overall, your risk is lower and by bumping up the targets, your payoff is decent. The benefit of using the EURUSD is the spread is low compared to the GBPJPY. For this time frame of 89 tick, I tossed in a few changes:
1. Target for both risk to reward and ultimate price target is the 3x
2. Any trade in a direction opposite to the directional requires all system generated prices to be outside the directional AND the candle as well.
3. Setups must come off of directional type candle. This means, if taking setups off of anything but a momentum candles requires a close in the part of the candle closest to the intended direction.
4. Due to the tightness of these setups, nothing is done for trade management until the 2x is reached. From there, the standard rules apply.
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