@volpri -- How do you know if I am "Obeying your Rule as stated In Post #1252 -- I have formed a habit of violating that rule. But confession is said to be, "Good for The Soul". Thanks ---->
I hear you. Loud and clear. Those market turns aren't to take out your SL although it seems that way. They are what happens when institutions do price probing. I know this sounds crazy but price cannot move even one tick unless an institution cause it to move that 1 tick or wants it to move that 1 tick. They are not, for the most part stop hunting. They are probing and pushing. Our SL's just get caught in all that probing. Think about it! What is the solution?
Well I gave the warning, but I sort of figured you was a rebel anyways, but at least, I have given fair warning. LOL
Here is another martingaled trade before the close. This one was done on successful BO of the channel betting that any PB would fail enough at, or before the EMA, and that an averaged down martingaled position, could be successful and render a profit. The successful BO out of the bottom of the channel already had two legs down (yellow arrows). It was more dangerous as the session close was minutes away and may not give time to get profitable before the close. I usually prefer averaging down to not be in the last hour of the session and again I DON'T recommend martingaling at any time, LOL. But just to show the possibilities......... See the market is all about: 1) probing 2) possibilities 3) probabilities of the possibilities
Actually, it's ondafringe, not ondafridge.... although I have been known to spend a lot of time hanging around a well-stocked fridge!! lol
By far most of my trades are done in a 5 minute chart. The trades above are in 5 min TF. That is indicated at the top of the chart. That TF gives me plenty of scalping opportunities during the session.