Forex - The Tunnel Method by Vegas

I would also like to comment on Forex today. Why? - Forex has been the major research area for me within the last weeks. During my research I discovered a strategy called "The Tunnel Method" - which was invented by a guy called Vegas. You can find more on this topic under: TunnelTrading. - Currently I´m working with the 1hour setup which I modified a bit by using the PSAR aswell. Since I live in Germany, I started a virtual portfolio in a German discussion group yesterday. To make it more realistic, I started ou with only 2500$.

My first trade was goin short on the EURGBP @ 0.6781. I set my initial Stopp-Loss at the level of 0.6791. (A short 10 Pips SL - but due to the ATR, which was less than 8 in the maximum, I thought it was quite ok.) My first goal was 0.6720. But, it was not reached yet.This morning I changed my SL to 0.6776, since the price was at around 0.6763. Currently the price is at 0.6770 again, and it is going up again - just five minutes ago we had a Bullish Engulfing Pattern. - So, I might get stopped out on my new SL. At least I will have reached the breakeven point. But, I still hope that the trade might continue downwards. (If I had realized it this morning, I would have had a nice 20 Pip win in only 20 hours.... - but who cares about "would"...) Here is the current chart setup: