Do you guys remember in Phillip's strategy pdf the scale in version if stop is too big? Enter at opening, enter at 30% of previous bar and enter at 45% of previous bar. Wouldn't it be possible to use this method to obtain a better entry point if we see a directional bias but don't like the r:r? Lets say we get a short signal and wait for retracement then enter within the 4 hour period. Maybe we get the trade, maybe we don't, but it might be a good alternative to entering immediately with a poor sl. Any thoughts?
Maybe this just makes things more complicated right now?
Think I need sleep....
Maybe this just makes things more complicated right now?
Think I need sleep....