QuoteDislikedBase on from longer time frame either daily or 8 hours e.g to shorter time frame let say 5 minutes or 15 minutes!!Either you gonna go with longer time direction or seeing,guessing opposite retracement will take place and you 'd like to take advantage on that! even maybe for the short time period!!
1. The strategy for trading with the direction of the higher time frame and trading the retracement of the higher time frame is not the same. Trading retracement, it has to be quick and be very alert to the "possible" end of retracement, as what come after this end is another impulsive push that may go beyond where the retracement started. In other words: don't overstay.
2. Trading retracement may be opposing the the initial direction of the scout, if I already have one. This look to me like I am contradicting myself.
3. No matter trading with the direction of higher time frame or retracement, if the PA dose not show corresponding characteristics, better adjust the trading plan (attacking/unwinding skew) accordingly. Square and reaccess if necessary.