Quote:
Originally Posted by Louise
Has anyone ever tried Nick's method on the GBP/JPY one hour chart. I'm very new to this but it looks as though if may be possible? Thank you
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It's possible it could work, but you'd need a lower stoploss and profit target.
I personally wouldn't trade it on 1H charts. The strategy works due to the initial momentum generated by a lot of trader buying or selling at once.
The lower the time frame you go the less momentum there will be, because less traders will be seeing that line.