Buy support, sell resistance over and over again. Let it move 20, fade it for a quick 10. There is no room for fear. Believe in your system and always use stops.
"hopefully we have some increased volatility as well as more two way action this week." These 20 point ranges are when scalping comes in handy.
Volente, The sad thing is that ur high risk stuff won't make it long term, but novices are prone to follow anything they see....please advise all not to take your advice or mine...ur style of trade has already whipped most who do it and the rest are close to the exit gate...
"The sad thing is that ur high risk stuff won't make it long term," LOL, high risk ? The shorter amount of time I am in a trade the less risk I have. What is risky about having a stop and sticking to it ? I would rather make 10 10 point trades then wait around all day trying to catch a 100 point move and sitting out all the retracements.
You are 100 % correct ....I believe.....9:00 turned again today high percentage stuff.... excellent trade...MAKING MONEY IS WONDERFUL..........but the 8 point exit is where you are experiencing the risk reward hole to dig out of..loose stops and that 's great, except the short point targets are the trap....work on that and I know things will step up to next level...........so a trade like last friday won't put u behind and emotionally hammered...... ...I don't gamble , but if I did I would bet you will make it if u have not already........ I see the inverted risk reward thing being a concern....you r doing what I did for a long time...entering too early counter to the trend. even the shorter trends.......and addicted to the countertrend opportunity..I loved it...it hated me so I learned to have a little more patience...I will say that is where the gold is, most of t he time.....just identifying a real turn is tricky....took a long time to find how to recognize it........ . last friday, when the 11 to 12 and even 1 time frame will show u things that don't come true..giving up 20 pts is way too far out..i know exactly what u r thinking .....I trade just past countertrend going other direction........ now only my stops are set differently and have risk/reward that cannot dig a hole if I trade the system which is non-discretionary totally....ma's don't all lag.......keep up the good work....happy trading....