My own fuckups with that strategy were always due to not having plan in the first place or ignoring my plan by acting in the heat of the moment (i.e. scaling in on every 1.5-2pt against as opposed to 4-6pt per plan, ignoring max daily loss etc). I concur that my own reading of the day's PA action incorrectly (I mean not seeing the rather obvious) was never that bad for my bottom line as was ignoring my plan on position sizing and max loss per trade or day.[/QUOTE] Yes ! It works extremely well to curtail loss and lower break-even point but as you brilliantly stated one must "Not ignore your Plan" and must respect pre-set Support and Resistance areas. Thanks for your excellent post, Punisher.