Edited the first idea....
Hi , this really is something new for me as well. I have traded this egy endure for the past 2 weeks and gave me a few fantastic outcomes. I also have back analyzed it, just wanted to share it with you . You can trade this egy together with g/j, g/u and e/j. The best results will be with g/j since the motion of this pair. Together with another two I mentioned you need to target lower pips. I trade this just with g/j.
This egy is similar to some of the other breakout egies out there but there are some different things that you will find for this then the others will not have.
What I do is that I really do take the low and high of this 00:00GMT hourly candle.
Note: I do not include the wick, I examine the entire body of this candel not the wick.
30 pips disperse above the high you go long and 30 pips under low you go brief.
I'm changing marginally something on this particular egy. Rather than entering it using 3 orders, I'll enter in with two orders. TP1 would be number of pips that I will risk (minute of 80 pips), TP2 would be number of pips risked*two when I struck TP1 the 2nd entrance I will BE. As soon as I struck TP2 I will bring my 2nd entrance to 50% line and continue to target TP3 that's 3*of number of pips which I risked. This may give me $$$$(Profit). This is the only change to this egy. This will give additional profit.
Lets say I did a very long and if I get stoped out, so the market is going south and then I will go short. I utilize fibs to compute my profit and sl/tp lines for me.
Note: There'll be several compliions, I'll talk about them in my next article.