Why? For my own benefit & also hopefully to change people's mind on averaging down which is totally risky to our money, idea is to reduce risk, not increase it ImPO. My main lead is histogram (MACD) patterns involving double/triple peaks/troughs leading to a cross of centreline & I am not bad, still a piker, but not bad would be probably a fair evaluation of my skills trading short term charts, but I love the idea of participating in longer term chart's oscillations, main obstacle (now objective) is to minimise risk & maximise profits staying with 4 hour chart's initial signal for entry. Exit will be in a form of a reverse trade based upon presense of an opposite pattern. 4 hour chart will be used as a lead to THE DAILY chart's patterns, so I suppose it's trading both daily & 240. These will be real 1 lot YM trades. Risk management: -10 points. Entries: Upon price hitting same level Targets: At least x10 the stop level I guess I better post a picture, worth a 1000 words some say <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1931661> Please don't try to look at the chart's hypothetical entry arrows, as actual entry will be taken of the 240m chart, which will be providing lead into daily chart's patterns, comprende? Best to all! Stay Happy, Positive & Never Give Up!