Can you draw a pic of the box you're talking about using? I'm just curious. It sounds slightly similar to what I do.
Pretty simple stuff...look for reversal usually involving breakouts (no catching falling knife..no bottom fishing..) i get a buy signal wait for price to rollover into support area..scalp/buy into red box In the chart, red circle is buy signal, red square is buy area >>> buy leaning on support In a short setup >>>short leaning on resistance... Note that i won't talk about the indicators that i use to trigger buy/sell signal and time frame.. Let's use the charts kindly provided by Oilfxpro...
Cool. I am a fan of buying pullbacks. What is your exit strategy? Did you discuss it and I just missed it?
Sometimes when i trade a setup, it's not 1 setup = 1 trade...it's 1 setup = 1 or multiple trades until the whole process shows a profit.. size varies according the P&L, the deeper into the red the greater the size...