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I hv a question at this point for Lawgirl. Sorry if it was asked before. Re the H1 4 candle breakout setup, do you hv a rule on the distance between the 2 horizontal lines, probably as a percentage of the daily ATR, before you consider taking the trade?
Thank you all!Ignored
For your question: Breakout is breakout whether the distance is 20pips or 400pips. For example I have a EUR/JPY range of 115.60 and 111.60 on my chart, any day I see a break on either side, I hop in for a smooth ride. Here is just the difference, for a breakout on closer range you could use lower TF to spot and enter, but for breakout of the type I mentioned on EJ, you must use at least H4 and wait for inevitable retest of line before hopping in.
Hope you find the answer helpful. LG will of course reply you when she comes online.
Good luck
Peace!
Mystery Is The Final Product Of Ignorance.
Hey! What's ma chart doin'