60 Pips in 60 Minutes - An Hourly Forex Trading Approach - Robert Carey - Bog

The introduction sets the stage for "60 Pips in 60 Minutes - An Hourly Forex Trading Approach," providing readers with a glimpse into the core principles and objectives of the trading strategy. 1.1 Overview of the Hourly Forex Trading Approach
In this section, we delve into the fundamental aspects of the hourly Forex trading approach. Readers will gain insights into the rationale behind choosing an hourly time frame, exploring the advantages and challenges associated with this specific trading window. The overview lays the foundation for understanding how the strategy operates within the dynamics of the Forex market, emphasizing its unique features and potential benefits. 1.2 Importance of Targeting 60 Pips in 60 Minutes
Here, the focus shifts to the core numerical goal of the strategy-aiming for 60 pips within a 60-minute timeframe. This section elucidates the significance of this specific target, addressing how it aligns with the strategy's objectives and why such a precise goal is essential for success. By targeting a fixed number of pips within a defined time frame, traders gain a clearer sense of purpose and a strategic framework to guide their decision-making process throughout each trading session. Understanding the importance of this target sets the tone for the subsequent chapters, where the strategy's mechanics and execution will be explored in greater detail.