Feb's brackets question

[Reaver]

Feb,

so the gist of the technique is to basically plot lines from the high and low of the previous day on a daily chart, and set stop orders to buy at a break of the previous days high, or sell at the previous days low with a target of 5 pips?

Thanks!

[TinGull]

Thats the gist of it. I think he draws his lines at 5pm. Haven't seen him around these parts lately, though....might be off doing some teaching/mentoring. I know he does that often.

[Reaver]

Thanks Tin. I was looking at some charts, and liked what I saw, but I wanted to make sure I was looking at the right thing. Thanks.