yes, I am looking at that as a method as well... thing is that sometimes that last swing hi/lo is way out like 10 points or more... that I cannot do
I have three timeframes, the smallest of which usually provides the entry and stop. I am a singles hitter and don't risk more than 7 ticks on the ES or 12 on the NQ. If I can't get in a trade where I want, I wait for the next bus.
I am a day trader, I get stopped out a lot. But on the NQ, my R/R is roughly 2-1 so I don't concern about the losers.
%% Another good thing about getting in a bear trap , in a bull market; some traps can be real easy to remember. As far as NasdaQQQ going up ten days in a row, really dont have an opinion on that-LOL As far as fading a turtle patterns/anything, that would really depend on if some one like$ to make money+ % of wins+ other things. She is a profitable woman; so that factors in also. Delayed edit.
not me, last 2 days trading NQ, yes with real money, I have had 5 stop out trades... and they turned on me fast,