DislikedLook at the two charts I posted right now, I saw the \\"3\\" jumped from the former high to the new high shown with the red arrows in AUD/USD first then GBP/JPY charts. This would have turned these two trades a big loosers if they were to be on live accounts, whose SL have not been moved to BE.
I think the best way to deal with this case is not to target more than 50 pips on a move and to always remember to move SL to BE.
At any rate this does not totally remove from the fact that this system would help us to at least sometimes catch the tops and bottoms and to ride big moves at least if it is jumping in the direction of our trade.
If anybody knows any other valid solution pls respond it pays to share.
I saw that on the AUD/NZD 1 hour chart tricky little thing. Anyone's input would be helpful.
I still hit some decent profits and will keep 50's on both ends.
Resistance and support need to be watched carefully.
I have a sell in on chf/jpy at 89.49 I have 50 on both sides let's see what happens.