Thanks for sharing this idea. I want to make sure I'm tracking so please bear with me while I confirm an example. Below is a 4 Hour chart of the EUR/JPY and GBP/JPY with both 1 period SMA's and the 14 period ATR. You would have seen the higher highs on both at the green arrows, and then the higher high on the GBP/JPY but not on the EUR/JPY at the red arrows. This would have had you looking for a short EUR/JPY entry as soon as they both turned downward and your target would be 36 pips because the ATR was at 18 and change. Is this correct?
Thanks again for sharing this.
Thanks again for sharing this.