Hi,
I like simplicity but I find a lot of individuals seem to overlook the simple methods since they don't think trading can be that straightforward. Of course entrances are only the start...
Actually I move my trailing stop after price has labeled the next round amount, so for example if I were to buy at 1.2000 I'd wait until price strikes 1.2100 before moving my stop to breakeven then I proceed with that; so after price reaches to 1.2200 I then move my stop to 1.2100.
Sorry I wasn't clear - I assumed that the 1.4900 on GBP/USD in the previous move down from 1.5350 to 1.4470 (approx).