Walter - how's this look on a trending day?
I appreciate the post and how 'easy' it looks, but you should carefully explain the pitfalls before a newbie jumps in. One trending day could literally take your entire account if simply playing the S/R flips. Throw in when the market can't make up it's mind around these areas, and you can be rapidly buying and selling over, and over, and over again. Your broker will love those trades though!