Hello all,

I read with some amazement that we are utilizing this egy successfully! I dont know how it could work?

Examine EUR/JPY on Friday. Imagine you went brief Euro / Long Yen on this pair at 165.60 then a SL 50 pips off could have closed you out at 166.10.

The suggestion would be to reopen your place at 165.60 - Have I understood this correctly?

The problem that I have is that this pair will return to 165.50- then back again utilizing this! This indies you're losing time and time again.

Allowed there may be occasions when it works in your favour but in my experience this is not the situation.

Can anyone provide a good example of this in use for a currency pair that has become successful?

Due all

BTW I m new to this forum so please dont fire off - I'm asking because I am interested in this particular technique.