Hello Traders!
I made my homework, and created the indicator that helps trading this technique. You can also count pips according to spec. I counted this by hand for May 2008 (which was choppy month), and June 2008 (trending one).
May calculations:
- - + - + - - - - - - - + + - + - - + - total - 240 pips
June calculations:
+ + + - + + + + - + - + + + total +240 pips
So, aftrer 2 months of trading you are at BE

I'm attaching this indicator here - maybe it will be useful for us to tweak this method?
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