If you get it the first or second time, try to get 8 to 10 ticks out of it. If you get it the 3rd time, try to get 12 ticks.
Cool, worked out great this morning, NQ 1 minit chart +13 ticks. What type of orders do you use for entry-exit? stop,stoplimit,market? sulong
This is just one of a basket of strategies I use and it is very successful. My approach depends upon the characteristics of the issue - unlike some other people that state that a single approach works for all markets, I have found that the play is quite a bit different depending upon the issue being considered and its characteristics. Don Bright is pretty good at this type of trading and would be your best bet to get detailed information - since they are also provide training. Search for his posts on this ....
See, there's nothin to it... Back in the old days, I used limit orders so I wouldn't get screwed by my broker. But, with todays two second electronic fills, I use market orders. Sometimes I pay a tick more, sometimes a tick less. It balances out.