My method uses proprietary which a created purely from current price action (no historical back tracking to locate .). They often coincide with traditional which is like any other method but the key is target level. My targets are based on price momentum energy (my way of thinking about it) and where price has energy to go - T1 & T2. The thing I like most is that I don't need historical data and I don't care for fundamentals in the normal run of things as they act merely as catalysts for price movement towards pending targets.
Based on testing and current results I have a 85-86% chance of hitting T1 and approx 75% of hitting T2 without getting stopped out.
As per my other setup's I'm still waiting for the 15% kick in the butt!!!.
Since the target is so big (and the SL) I would tend to use this as a guide and look for smaller setups on the 1 hours charts going short only. I'll post as I see them.
One thing is for sure - I won't be going on holiday to the states for a while :-). Wait a minute I'm hedging my spending money here by going short.