Dislikeddepends on the situation your scout is in...
remember not all wounded or underwater scout can be rescued...Ignored
QuoteDisliked...but there's danger with this approach...
this is not suitable for a strong and trending market... with a good momentum swings because most of the time... they run a long leg before short correction... and continue to its direction... and if this happens... your scout will be trapped and everything will snowball against you...
and another thing, sometimes i thought i need to rescue but most of the time, i noticed, i was just trapped in an extended and complex consolidation... and only to find out that the price will continue to its original...
based on my experience so far, this is true.
QuoteDislikedp.s. what is a reversal point???
i should have said 'possible correction point'.
thanks again for your support and goodluck on your and everybody's trading tomo.
allan
When the internal struggle ends, everything becomes easy - Mr. Douglas