Disliked{quote} Careful my friend. Catching the swing when the chart isn't rangebound is an easy way to blow your account. I know from experience. Try instead to catch the retracement OFF of that first swing. The probability is a little higher. Once price leaves a swing it retraces a bit to it (Leg1 +2). Place a trade above that retracement and let it engage you on the way back up. If it is NOT the swing price will crash through the previous support and, leave your trade untouched. If it is.. you will have caught a nice run through legs 2 3, 4 and possibly...Ignored
So if it moved 100 pips I have a buy or sell order at plus or minus 40-50 pips.
I watch pa the day I'm getting in and I may or may not hold to that rule strictly.
"A true speculator tries the market small." - Jesse Livermore