Chucky:
I traded the trade, but I have already whipsawed out when I saw the position go too far against me, but this is the way I trade. I will take say three or four whipsaws losing no more than 15 pips max (sometimes break even often less than 15 pip loss) and catch the 50 to 60 pip movement. I also trade the 15M, but it was the Hourly that you are showing that drew me in as an aggressive entry. At this minute price keeps moving up and down with no real direction so I am waiting for a conservative signal.
Cheers L L
Yes I understand. I'm allowing my stop to be at the bottom of the upswing to give it room.
Anyway I'll see how it goes
