Hi,
I'm trying that system since 15.01.08.
I'm happy of results.
If you stick to the rules you can get easy 10pips per trade or you could move your stop every e.g. 15 pips and trying to catch beginning of the trend.
Stop loss should be 5-10 pips above or below last higher or lower price. If the SL i to far away for you, don't trade and wait for another signal.
I'm trying to look at the charts before Frankfurt and London open because they usually create the trend for the rest of the day.
Since 0600 to 1400 (then comes mostly US news and signals could be failed). I'm GMT+1.
Hope this helps.
I'm trying that system since 15.01.08.
I'm happy of results.
If you stick to the rules you can get easy 10pips per trade or you could move your stop every e.g. 15 pips and trying to catch beginning of the trend.
Stop loss should be 5-10 pips above or below last higher or lower price. If the SL i to far away for you, don't trade and wait for another signal.
I'm trying to look at the charts before Frankfurt and London open because they usually create the trend for the rest of the day.
Since 0600 to 1400 (then comes mostly US news and signals could be failed). I'm GMT+1.
Hope this helps.