I do agree with B1 here to this extent: If you do not have a plan that has you scale in at specific levels before you take your very first position, then what you are doing is like Russian roulette, and eventually you'll get yourself killed, imo. FWIW, right here at 12:18 PM EDT you should be watching closely for clues as to what is most likely to happen next. We are near the bottom of the range, do we bounce again, or do we breakout. Do you know what you are goiing to do in either case?