DislikedBelow is Ash's response when this was discussed before:
http://www.forexfactory.com/showpost...&postcount=147Ignored
Thanks for pointing me to the correct previous post ljr on the clarification.
It is clear that I had the correct understanding. It just re-reforced my learning.
I joined this thread recently and spent several days reading all the posts. It takes a while to understand everything in the manual correctly.
Many traders are using this strategy with their own trading style (TRADER"S DISCRETION) and so am I.
It is a great daily strategy ,easy to implement when trading with the higher timeframe prespective in mind. I mean looking at higher tF trend, S&R and entry on daily.
Thanks again.
LR