Above indie posted by petition to get a member. Personally, I do not use it for my own trading that's predied on System 2 by FEB, and after FXachillies' plan, which he acquired from FEB's ideas/teachings.
Trade 1 in progress. Took a fcr of 4088 but put buy stop at 4092.
Was phased out, after 80 mins of struggle for 3 pips. However re-entered at 4107 (Trade two ) when I saw a resumption of the initial breakout.
Trade 2 upgrade. Moved SL to 4121, 3 pips below fcr @ 4124. 14 pips locked in and risk free trade to hunt for runners.
Trade 2 shut for 14 when price took my SL that was placed beneath the fcr @4121.
Trade 3 fc brief 4121 has obviously been triggered. Allow the LV combat begin! My risk remains -20 at start of commerce but will cut any fake-outs early until SL has been touched.
OK, remember FXA's words, give it a good early battle!
Trade 3 closed for -3. Reason - rejection of LL, price turning away from it. Now awaiting to determine if fcr @ 4130 will be triggered. Otherwise, just sit hands!
Trade 4, Fcr long @4130. Wathing LV like a hawk. Ready to close for minimum loss if market does not wish to play.
Am still in the long commerce from 4130. I was hesitant to close it when the first break was a fakeout. The market went to inside a pip of my SL (20 pips SL) and has now gone back up. It seems to be having trouble breaking out to the upside. I've moved the SL into 4125 after market went into a high of 4142, therefore today risk reduced to -8 pips. Waiting patiently for the breakout!