Guys, i would love to hear from you guys 60min chart strategies.. i have one to share that works very well... if a market goes up 1200ticks you sell... stop gain 200 stop loss 400 it works very well... cheers
Can you give me an example? Also, do you have a myfxbook.com page to back up your recent performance? I have a forex strategy page on my website and would love to post a viable "60 minute trading strategy" that would work with currency pairs...
Even in shorter timeframes it is viable. All depends in how good you are in finding the trend. Wednesday there were several (3) 10 points moves in the 5 min timeframe. So there was enough potential.
Can we clarify what the OP is talking about? 1200 ticks! Did you mean 12? A 2 target with a 4 stop will always look good. Even with a coin flip, you'll still get a lot more winners than losers.