Hi Nikl,
sorry... been lost in space for a week or so.
Yes that was correct, 1/8th of an inch from open, front and back. Pairs with large ADR.
The guy whom introduced the idea used it as a set and forget, with hard S/L on the opposite 1/8 and hard TP on the leading 1/4 (two spacings)
1,1,3,5 martingale (not traditional, but what he used).
Apparently a successful method long term if you stay the course.
You could also use a trade manager with BE and a trail, but sometimes it works out worse...or keep the trigger finger on the button for hours on end.
Not my favourite, makes it hard to deal with the donuts and coffee!
I haven't traded it much as open is when I'm on the way to work in the West. When on break its a chilled out way to start the trading day, at a more realistic time. (CST)
Also been experimenting with other methods which suck my time like no ones business.
I'm constantly like the fat kid whose broken into the candy store...don't know where to start sometimes...it all looks so good.
So many great trading ideas, some wacky and others colourful!
Have a good weekend..blah, blah...Areogard,
Mike.
