DislikedThanks my man . . . I was looking forward to taking your method out for a "test drive" this week, but I think I'm taking this week off after looking at that huge candle.Ignored
The only thing the high/low of the first 4H bar of the week is doing is giving us a good indication of which direction the big move is going to go. Hence the 40% winning rate.
I would like to point out tho, that the box size does hold value on where you set your take profit, but holds no value if your using a system like mine that has no take profit.
If the box size is 100 pip, and you set your take profit to TP3, that's a 300 pip profit.
If the box is 300 pip, and you set your Take Profit to TP3, that's 900 pips!!! that's too much for a take profit, In this case, takeprofit would be reduced to TP1, or TP1/2