[Anonymous]

LOL. Clearly no method is without some negatives.

First, do you scale out, or exit all the position on the first WRB? While one needs to do what fits their individual personality, the idea is once the first pt is hit, all other pts MUST be higher than the first. So if price does move in the opposite direction you would NOT be exiting at further WRBs.

Now as for the trailing stop. I would place it 1 or 2 ticks from the low of the body. As long as the that is not on an even number or a round number. More correctly, 1 tick below unless that is an even number or a round number (which of course, is even). If it was, then I would use 2 ticks.

I don't know what happened in this chart, but it looks like you would still be in on the last bar shown.