1) pick a S/R level, trade the smallest lot size possible in your acct.
2) stay long above S/R, stay short below S/R.
3) always reverse logging how much its costing you.
4) take profit at twice the cost or till 1% loss in account equity.
What you will find is that volatile markets are the best, and price will make headway in one direction or the other. The goal is to pick a price point that is retraced the least. And a price vector is either positively sloped or negatively sloped to greater degree then flat on a intraday timeframe.
2) stay long above S/R, stay short below S/R.
3) always reverse logging how much its costing you.
4) take profit at twice the cost or till 1% loss in account equity.
What you will find is that volatile markets are the best, and price will make headway in one direction or the other. The goal is to pick a price point that is retraced the least. And a price vector is either positively sloped or negatively sloped to greater degree then flat on a intraday timeframe.
Price is the only indicator.