Further update for me, I used this strategy to great success a few weeks ago then like all newbies started to listen to ‘‘Pros’’ and lost the profit I had built up.
So started back with training wheels again today, first trade closed at 11 pips (should have been 24pips but got greedy looking for more, luckily I moved my SL up) then IGNORED the rules and lost 7.
So listening to the chart and the strategy again I was up 21pips, moved SL to BE and instead of banking the pips AGAIN I got greedy which came back to bite me and hit my BE so ended up with 0.
This time I caught another move it was around 15pips up, noticed a reversal and moved my SL up to 11 which got hit so another +11pips in the bag.
Lesson’s learnt today, DONT GET GREEDY, Always listen to the signals and above all DONT GET BLOODY GREEDY
Overall though I’m up today which is good and some lessons learnt.
A great strategy