YES I use it. When it breaks I take the old high and ow and divide it by 2 to get my first take profit. On the 1 hour chart. So, if the difference between the last high and low was 100 my first target will be 50 pips. I then move stop loss below entry and try and let the rest ride. This has been very proftable on the EURO/ Dollar recently.
The best trading systems are the simpe ones. Beleive me on that because I have tried over 1000 sytems.
Quote:
Originally Posted by smcfx |