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Adam, I look for a 15min entry during the active times and make a trade (same trend as 4hr). My strategy is get in on the 15min chart and trade off the hourly -this results in lower risk(stop). Usually 3-4 times a week there is a strong hourly trade of 50 to 100pips or more, this what I look for. Once I make the 15min entry I move may stop to breakeven after 20-25pip profit on EUR/JPY. Then I wait for the hourly chart to either take off or not, if not then I usually hit the breakeven stop or make a few pips. If the hourly chart moves I place my stop after each hour at the heiken ashi low (long position) and the heiken ashi high (short position). If you look at the hourly breakouts, the heiken ashi candles typically have a stair-step pattern. I continue until my stop is hit, usually 40-100 pips. I have only been doing this for a 1-2 months on the demo acct. thx mike
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