I tend to try to get a better position in after the first trade.
In my system I need three trades in when my indicator tells me too. If the market is waving then I will try to see if I can get in at below my intial start. Typically I get my first two trades in around the same area 1-5 pips, then the third I'll wait a little while longer to see if I can get in a little lower. If it moves in my favor and the market has broken resistance or moving strong I will get the third in asap.
I'm still in a testing stage of my system still. I need to see how it reacts in certain situations so in the future I can make a better call that may help my profits or reduce my losses.
In my system I need three trades in when my indicator tells me too. If the market is waving then I will try to see if I can get in at below my intial start. Typically I get my first two trades in around the same area 1-5 pips, then the third I'll wait a little while longer to see if I can get in a little lower. If it moves in my favor and the market has broken resistance or moving strong I will get the third in asap.
I'm still in a testing stage of my system still. I need to see how it reacts in certain situations so in the future I can make a better call that may help my profits or reduce my losses.