I thought I'm gonna begin a new thread along with my daytrading system.

Look at preceding 2 bars. If yesterdays bars' low is higher than the one before AND close is higher than the open. Buy on the start of the current pub.
SL is 1/2 of those daily ATR. If SL hit reverse. Do this ONLY ONCE.
No take profit or break even. Close at the end of the day. Next day replie.

Short inverse.

System update. (18/02/2008)

individuals who like to keep positions longer. Basically if we get contnuously daily. We can do as follows. IF SL isn't hit the previous exit positions as they are. Open new positions the new day and place the SL as 1/2 of the ATR as usual. Adjust preceding days' SLs. Basically if we've got a 4-6 days swing we can do over thousand pips in profit. Wonderful??

Bye.
BR