QuoteDislikedwhile the drought of entries the past few weeks i did some back testing using the 5 minute charts i used the 15 min to see the swings and when price got to the right level for 123 i would drop down to the 5 minute chart and looked for them there with indicator confirmation. this year alone with the gbpusd and eurjpy it was going at 80% i used those 2 because of spread since we are going off 5 minute charts so it would be ok to also include the eurusd jpyusd then look to audjpy and gbpjpy last for obvious reasons. the targets and risks since they are the same ranged from 15-30 if over 35 i wouldnt take trade
Just answered my question as regards to spreaf, GY and the time frame. i intend trading only GU and EU and with this lastest development, i think might be good for my new trading setup
thanks