DislikedI want to address all your questions completely. I am in a trade currently. First though I want to say read the thread carefully. I think you missed something. I don't buy weekly highs from below. I am afraid you may have a problem. Now your buy may work here but only if the breakout of the previous week high holds. I sell weekly highs from below and buy weekly highs from above. I will post a chart when I reply fully later to make this clear.Ignored
I hope you also touch on the issue of risk management.