Yeah for most people that works. Occasionally, I have come across a few people who seem to average well and do it consistently. But that territory is littered with corpses (even the good ones get nailed if they get careless just once).
Bullys established floor over 60 pivot .. so looking strong here...with more room to run... flat here as i lowered trailer off weds hammer... small gain of 12h on 3c... Looking at that 2700 TL kiss... & potentially 2720 area.. potential Wyckoff Thrust set up there.. Flat & In Observation Mode here & will remain that way Unless a Cherry presents itself.
It a little chucks day Long 67.50 PS 65.75 PS 67.75 dumped half at 2.00 have runners was H&S pattern counter trend exit 71.50 markets rise too fast. Like a gift and take profits, may more opportunities throughout the day
S71.50 ps73.50 ps 71.25 dumped half at 2.00pts exit 69.00 little chunks are ok, they just tiring and can't add onto like a trend one can add on several times during duration of move. Up/down so far today, many reversals, exit and reverse.
This mkt like a wound spring. I still believe we go down off this 61.8% retrace touch this A.M. Plus 5th touch of triangle occurred last week.
If a trade does not happen either cause of lack of time or possible new cycle, I will target one tick to allow others to pay my fees and lunches/dinners, mind you I am averaging down on each trade and do not have time to post all the add-ons, so getting out at one tick on original entry is where I be getting out on all the average down entries, do a "Breakeven plus one tick" exit depending size I work up can be huge money for me. Right now am doing small size before I hand off system to have programmed of newer signals. There is just so much you can do in back testing phase, then comes the real time to work out kinks then months of programming, I rather work out the kinks before handing off to partner to do his magic.