Breakout Trading Strategy

Uses a 1 hour chart and looks at the price movement overnight, looking for it to stay in the upper third of the range. Then break out to the upside, pull back and buy when the trend continues.

According to Newtron Bomb (the name he uses on the forum) the market should continue 65% of the time.

Not sure how to get a hourly chart on the currencies, but I am working on it.

Looks like I might be able to get quotes for the euro here:

Rydex Investments launched the first currency ETF, Euro Currency Trust (symbol) FXE, on the New York Stock Exchange in December 2005. The ETF is geared to rise when the euro strengthens against the dollar and to decline when the euro weakens.
Shares of the trust represent 100 euros, held in London, plus accrued interest. Since ETFs trade like stocks on exchanges, investors can short the euro fund or buy it on margin.

Well this ETF has almost no volume and the stock does not trade overnight, just during market hours, so this is pretty worthless, since the majority of his strategy is looking at the overnight moves and using that to set up a channel.

Even though this is very thinly traded, only 200,000 shares have traded today, there is a lot of volume on the level 2, right now there are 8,000 shares on the bid and the ask is only 2 cents away. This seems odd that there are so many shares that are just following the market up and down without ever trading.

Just checked my futures broker and they have a "6E" contract which is the Euro futures.
it's not traded much, but it looks like there is enough volume for it to work for a longer term trade.

I found the "6B" contract, it is the British pound.