@MattyMoney, Exactly, “getting the wheels turning” that’s the whole idea of this thread, get new (and old) traders thinking about the bigger picture when trading these markets… Granted 2000 - 2016 takes bigger picture to a whole new level…
I only post on topics these days that I believe helps traders think for themselves, " Here is something which I think might be of interest, have a read" for those maybe trying to find their way.
I refuse to say you must do this, or must do that… there is enough members here already to pounce on threads with their own opinions right or wrong…
A quote from a post in November 2020 about using Indicators… Which had nothing to do with “Buy & Hold Investing”… the lazy investors methodology… against using a combination of Moving Averages.
A Stock Market concept that can be easily applied to ANY CFD traded instrument…
I displayed a sample of the current GBPUSD on the Daily, @MattyMoney supplied a great demonstration of the OP strategy on the current EURUSD on the Hourly… Both simple stress free methods to trade.