[tonymand]

[quote=raging bull;29659]
this is rather a principle or strategy than it is a system. QUOTE]

That is exactly why it needs to be taken seriously because systems as such are generally no better than chance. As Aegis rightly says it is easier said than done at least partly because fx is erratic. If anyone doubts that pull up a weekly chart of the ASX from 2003 (see below) if you want to see dependable one way price action and then ask yourself why according to a number of Australian brokers traders have lost money in the greatest and most dependable bull market in history. And perhaps ask yourself why you are trading fx rather than the asx. Tymen is one person who has made it clear that he is trading Australian shares in preference and who can blame him. Having said all that though with some simple principles (as offered by raging bull) backed up by your own action patterns then this market can be tamed (at least by the talented few).