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Less is more on the GBPUSD
Can you make more money taking less trades? Can you make money while a currency pair is stuck in a range? You bet and in this video, those points are made quite clear. This video is going to not only cover two timeframes trading the GBPUSD (144 and 233), but also cover two sets of calculator settings. This video is only going to cover the London session since tracking these trades is time consuming considering the different variables we are looking at. A U.S. session video is in the cards.
First set 1. Stop adjust = True 2. Target adjust = False 3. Entry adjust = True
Second set 1. Stop adjust = False 2. Target adjust = True 3. Entry adjust = True
The trendband clearance is set to "50" which is really 5 pips. (Tradestation requires the 0)
We are only looking at visible setups and DID NOT take into account entries after a loss (this would have increased the win and pip total on one of the trades). No optional pullbacks were taken.
At the end of the video, all trades are logged into a spreadsheet and the results are quite impressive.
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