Riding the waves over the atlantic

6am open 15430
Loks like we could potentially be out of our trade today, Cable is above the open at the moment.
Exit will be if stop is hit or if an inside bar forms for a long our stop will move to 4 pips above the IB, eg the trigger for a long trade.
Just goes to show what i know, The 7am bar made new lows at the close, so we can move our stop down.
New stop 15524 (15565 - 15483 = 82 / 2 =41)
New lows again 8am bar
Stop to 15487 (15524 - 15451 = 73 /2 =36.5 so round to 37)
Another new low so we can move our stop again
New stop 15441 (15487-15396= 91 /2 =46.5 (47))
Another low, how long can this keep going? who knows but we'll just keep riding i down as best we can.
New stop 15413(15441 -15386 = 55/2 = 27.5 (28))
Another low
New stop 15367 (15413 - 15321 = 92 /2 = 46)
More lows on the 1400 bar
New stop 15295 (15367-15223 = 144/2 = 72)
Cable plunging to new lows again, so much for me expecting a bounce! Just show you should trade what you see not what you think!
New stop 15254 ( 15295 - 15213 = 82/2 = 41)
Stop will now stay at this level until tomorrow when well either have been hit or look for more lows.
so far if the stop gets hit we'll have taken 514 pips for a 55 pip risk, that's over 9:1 not a bad return.
That's the advantage of having rules, i woul've been tempted to lock in my profits a few times today, but my rules kept this trade open and we've kept on making money. True sometimes we will egt stopped out and have left 100 pips profit in a trade if we'd have exited sooner but i believe with a method like this it's worth these few niggles for the larger gains.