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If you want to learn all the ins and outs of this system I would recommend checking out Hectortraders website, I am not one to promote anything from anyone but this where I learned the system and there seems to be a lot of videos on youtube where other people are using this same method.
I gave some examples and such but there is a lot of good information about how to use this method to the max on his website. He actually offers a course in this sytem and I took the course and I have not looked back since.
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If you do decide to take a look at his course and videos regarding this system be prepared to spend some time there is one hell of a lot videos. I think there are like 70 videos or something with about a half hour to 45 min run time for each one.