DislikedBased on those trades posted, if the previous bar was up, he placed an up order. In a trend market, it certainly works, though the profit will limited due to tight profit target.
The problem is: most of the time profit/risk ratio was 1:5 even higher, i.e, you need to win 5 of 6 for break even. I am still curious how it survive during range market, such as GBPUSD in Oct 2007.
Cheers,
SimonIgnored
- | Joined Aug 2008 | Status: Member | 1,210 Posts
Never sell @ lower upward channel unless breacked and vise versa .