I was going through rac's posts recently. When Nasir asked me to look at the 30 min GBPJPY, I have noticed a nice pattern (as far as I know) of rac's style...so I gave it a shot.
He trades blind entries based on PPZs and other factors as far as I know.
I entered on a blind buy order on the lower line. Moved my stop to BE on the second line. Exited around the last line. I get it interesting that the entry and exit were almost on the pip (although it may push up even more).
I think the chart is talking by itself...the PPZs are clear.
My question to the people here which are familiar with rac's style is - where would he be setting his initial stop loss in this case?
By the way, I won't be here all the next week, so have a great trading week folks
Ben
PS - By the way, in this case it was too late for a limit order, so I entered using a market order...but just for the example...it suppose to be a limit order.