Interesting that yesterdays move resulted in a $30+ zigzag. My bad luck to be anchored in the middle of that, instead of at the ends. The movement is there, just that my timing was perfect to lose money. Trying to anticipate the extremes to establish the grid would be a wholly different approach I guess, might be worth looking into.
Also, Pipster, I guess you looked at the antithesis of this approach? It seems that with so much time spent in the red, taking the other side of these trades would correspond to time in the green. Unless the spread screws that up. And of course, along that path lies unlimited risk without SL's , unlike this.
Also, Pipster, I guess you looked at the antithesis of this approach? It seems that with so much time spent in the red, taking the other side of these trades would correspond to time in the green. Unless the spread screws that up. And of course, along that path lies unlimited risk without SL's , unlike this.
A good man knows his limitations ~ Clint Eastwood