It will work,.. use a volatility filter to turn it on and off.. instead of running it all the time.
this will minimize steps to profit target. Key is avoid gap bars post event/news. Usually a few minutes after news gaps lessen and price becomes small bar directional.
large bars increase 'costs'..this method is universal for all price action in the universe of derivatives. The holy grail of price action is how do you beat consolidation zones. Only way is to use martingale position sizing.
this will minimize steps to profit target. Key is avoid gap bars post event/news. Usually a few minutes after news gaps lessen and price becomes small bar directional.
large bars increase 'costs'..this method is universal for all price action in the universe of derivatives. The holy grail of price action is how do you beat consolidation zones. Only way is to use martingale position sizing.
Price is the only indicator.