Disliked{quote} And that is what makes grid trading so powerful. You don't have to pick tops and bottoms, but you likely will get in at or near them more often than not. What are the chances if you put limit orders at extremes that price will bounce? What are the chances that if you place scalping stop orders in the direction of the trend that you will collect pips along the way? The chances are high! Grid trading done right is very effective. Unfortunately, US traders are at a disadvantage here, because of FIFO and no hedging rules. If I was free to trade...Ignored
well I consider myself a daily trend trader but this is basically what i was trying to say anyway, use good sense and some counter momentum and enter with the trend, most of the time you will be right on your first entry for a while, and trap some bulls or bears with stops above the previous high , most of the time my second entry, and my final will be up against a major trend line or some correspondence with their index.
Im not trying to be arrogant but i often find the trading on these forums provide great bate for the short term liquidity seekers. To heavy while going the right way (no room for price action) or just really going the wrong way lol.
I just hoping a new trader would understand trying to scalp or picking tops and bottoms "all in" is the only reason the retail trader is 90%