DislikedIs it better to scalp after price crosses our trigger, on the way back towards the trigger ( to pick up extra %% )......OR......Is it better to compound on the opposite side trigger when going for you +5 and +20 or DR ( t pick up extra %% ) ?? I also am still not sure how profitable you think it is to enter a second trade going the original direction after it has already failed and retraced into our range a little bit. Basically entering a 2nd trade in original direction at a better price.Ignored
1...we trade a trigger if it retraces before the +10 we can enter a second trade in same direction, we can do this as many times as it retraces and this is good to compound. Once the +10 is made (or fail) we stop.
2,,, if we have a fail we trade the opposite end looking for +20 or daily range.
3,,, 2 nd trade can fail and actually we should then take the loss or counter...BUT we can have the opportunity to look for daily range again
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
1