Range Breakout
Submit by ForexStrategiesresources
Time Sensitive Method
This method it’s easy It differs from the usual notions of
opening range
breakouts in that profits are taken so quickly that the trade lasts no
more than 1 minute
Pairs: Major with spread < 0.0001 EUR/USD
Setup: Wait for the first 15miute range to form from the open London
Open
New York open
Entry: Enter on a buy stop 1 pips above the high of the first 15 min range or
Enter on a sell stop 1 pips below the low of the first 15 min range
Profit Exit: close out positions on an immediate 5-pips profit
Stop loss: exit for loss on a 5 pips loss from entry or, exit if trade is
openfor
more then one minute
