thanks Matt.  This is an interesting example.  Assuming that i am setting up trades the night before, and therefore ignoring all indicators except price, I would be looking at an almost 10% max loss between entry and the first stop.   Assuming that my rate of winning trades  is 60/40 I would have to make a minimum of 6.5% on a successful breakout just to break even over time.   This serves to tell me that this ain’t easy!  

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