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 open for
more then one minute
Re-entry: On being stopped out, look for the usual breakout in the
opposite end of the opening range. I Same exit rules apply
