Attached is a chart where i have marked off the control price points from yesterday and today (all these price points were mentioned in my articles, so i am not stating anything after the fact). The price point mentioned yesterday for GU was 1.5930....Look at points A and B and you can see that price retraced exactly to that line. If you had taken a short there, you would be up by 100 pips now. And your DD? less than 10 pips. So your reward:risk is 10:1
Today, i had mentioned the control price point as 1.5900 and 1.5880. 1.5900 was not revisited but 1.5880 was indeed revisited, a short there and you would have been up by 50 pips now. DD? again, less than 10 pips. So your reward:risk is 5:1.
Mark off the control price points in your charts and trade between the price points or if its broken, wait patiently for price to retrace and then take a long/short with small SL.
Of course, this would not work 100% but with reward:risk of 10:1 and 5:1, you would make a lot of money with 80% chance of success, which this system has.
You can trade this better by taking half off once u are up by 30-40 pips and trail the rest so that you can make full use. If you had shorted at 1.5930 and held on to half the position and again shorted at 1.5880, you would effectively have 150 pips in the bag !!
