Topic: Question

I found a great startegy but I do not understand that " the position opens higher than 10 pips below the previous high"
Can somebody explain it to me?:)

Re: Question

http://www.postimage.org/Pq13QQw9.png

I think the picture is clear.

For long positions: Draw a line 10 pips below the previous high. Long entries are allowed above this line.

For short positions: Draw a line 10 pips above the previous low. Short entries are allowed below this line.

Re: Question

Many thankssssss:)

Re: Question

very nicely explained by the picture mate!