I'm sorry. This thread is very important to you. But whether you like it not, you are a directional trader as well. What you have created is not a methodology or a strategy. Its a trend indicator. All I'm saying is you should use this technique to place trades on a EURGBP. it gives you a very clear direction. with the guidance of a channel you can see where support and resistance are in respect to the starting trend. It will give you better takeprofit targets, and stop loss levels to protect you from the channel breakout. They do happen.