That was a great idea for measured move. I've found that if a breakout has legs it rarely if ever falls back below the breakout level by much. If that happens, I look to place limit order close to break even to exit. Regarding chop, here's how I manage to navigate potentially choppy terrain: http://elitetrader.com/et/index.php?threads/help-ive-been-chopped.277421/page-2
out of that here for +12 ..................... -8 long -2 long +5 short +12 long ................. +7 on day.
another profitable week with no losing days, although feel a little lucky rather than 'good' again. For example, if I had have carried on trading this evening, I would have given back all of my profits. I stopped because I was profitable and didn't want to push my luck. This is often the case, in fact. Some days my first trade of the day is a good one/large winner, and so I stop trading, and often it's for the best!