Used… I do not think we are talking about the same thing. The lines are the highest high and lowest low for the 2 previous days. Not the High/Low for 2 days ago.
Used - is this what you wanted to see?
Jaquille, you’re right we didn’t mean the same thing.
It’s all sorted now. 
Perhaps I should have posted here instead of in the other thread, sorry about that. Feel free to answer here if you prefer. 
There are not any details. I trade the breakout of the highest high and lowest low for the past 2 days.
The entry triggers are known in advance. When price touches the line, the trade is entered. There is nothing else to consider.
Stop loss is a function of risk and position size.
[B]SL = R / PS.[/B]
Profit is taken when available. The faster profit appears, the slower I exit. The slower it appears, the faster I exit. Stop trading for the day when the daily goal or maximum daily loss is reached.
Ok, thanks. I have a better understanding now.
Would it be fair to say that you want to see momentum when your order activates then?
My chart is set to H1 but this entry is not dependent on chart period.
I think TalonD asked why 2 day instead of 1 day. Don’t have an answer other than that is the method as I learned it.
The method seems to work using a 2 period highest high and lowest low of any time frame. Scalpers can use M1 or M5 to nab a handful of pips.
No, momentum is not part of it. This is similar to xtraction’s weekly open cross idea. The trade is taken at the line and that is all there is to it. Just like any other trade, some will win and some will lose. Cut losers short, let winners run. [B]K.I.S.S.[/B]
jaquille,
How long have you been trading this strategy? and how have your results been?
A long time and results are positive.
Interesting stuff. I didn’t realize when I did my daily hi low that you guys were already doing this. And here I was thinking I invented something new. 
How would a Cheetah trade?
Price is stalked to within 1 - 3 pips of the line, then trade entered. This is usually over in less than a few minutes, and if the cheetah fails to make a profit quickly, it will give up.
Yes, this chart is AFTER THE FACT. But so are the charts in Tymen’s thread and I don’t see anyone giving him S**T about it.
A method should work on any time frame. The previous 2 bar break out fits that criteria.
M5 2-bar break out.
M1 works. May I suggest you exercise more caution if you trade M1 2-Bar break outs.
How do you choose your stop loss and take profit levels?
How do you manage your trades?
That’s my question also. That’s where I’m lacking. I’m looking at a break of 1 day high low rather than two, but that’s the easy part.
Let me quote myself: