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Here are a look at the first two trades of the day. One was a winner and one a loser. The winner was an averaged to down trade long. I have already shown that trade in my post 1178 above. It is trade #1 shown below. The second trade was a loser but by MISTAKE! ROFLMAO. It should not have been...

Here is a trade I just took this morning. First screen shows my entry long averaged down. Second screen shows my exit. Will we explain in a few minutes. Breakfast is ready. ok breakfast is done and I can still edit this post so I will add an explanation. Thinking the day is evolving into a...

Today 7-9-2021 seems to be shaping up to be a SPBL trend day (small pullback bull trend day) If so it will grind north. And be excellent opportunities for a scalper to buy on PB’s then exit on surges north then repeat over and over. Or go long..hold…and just add to it on PB until price has a...

I do hope they are useful. Thanks.

Going to sleep so I will be able to drag my carcass out of bed around 8:30 in the morning for market open. Well maybe 9. My wife has a sister and friend visiting so maybe I will get a jam up breakfast in the morning. Another sister coming tomm too. Goodnight.

LOL. Not a problem.

LOL hope it was the gorilla brand of duck tape. Cessna 170 tail dragger I suppose.

I am showing the same chart for all the trades just basically marking up one or two trades each time and giving some concepts showing how I traded these trades and correlating those actions with the rules and guidelines in my post #1149 that deal with 2 tactics for trading ranges, namely; 1)...

No those are entries 1 and 2 on trade #6. I started shorting on that bar in the top 1/4 of the range (fading the BO) and continued adding until i saw the BO was gonna be a successful one and not just a failed attempt. So I had to dump the losing position 6 bars after the initial 2 entries bar...

Your welcome.

Once I have exited the losing position followed by nearly doubling up and reversing in about 1/2 distance price traveled to create the losing position I have recouped my losses and back in the money with profit between top blue line and red line, my exit point on the nearly doubled up position...

Trade # 6 Additional comments. You got a BO then an additional 5 bars all with closes outside the range. This indicates a successful BO. Plus you got gaps between to BO point and bars 3,4,5, 6 (although bar 6 isn't labeled). Price held and did not trade back into the range within 5 bars. Time to...

Trade #6 was getting caught in a BO of the range after an initial entry and adding 3 times to it then exiting with a loss, followed by immediately doubling up and reversing direction. If I remember correctly i didn’t quite double up the position size, but almost. The point is I made back my loss...

Trade #4 Short. No averaging down. Exit on move towards middle. Several points. Trade 5 # long trade …exit on move towards middle. Grab the profit. Don’t get greedy. Again several points in both cases and in accordance with post # 1149. Trade 5 could have been held for more. I think I had...

Trade #3 Again a short and adding to a losing position …both entries in top 1/4 and the exit on an enough move towards the middle that rendered a profit on both entries. Again, in accordance with rules and profit taking in my post #1149.

Here is a look at trades 1 and 2. First was a long entry in bottom 1/4. The exit was a few points later on a move towards the center of the range locking in profits. The second was a short on the same bar. First an initial entry. Then a second entry (averaged down or scale in if you prefer LOL)...

Notice the amount of times that moves to top or bottom of the range fail to BO successfully price goes back to center enough to make a scalpers profit of 1 to 8 points. Actually even more than I circled but I circled enough to give us the idea that 80% BO attempts fail. Any move into top 1/4 or...

Sorry but I can’t on this one.

Ok finally got some time to show a chart of trades taken this morning. Got company but they are sitting on the porch eating fresh blueberry muffins and yapping away. These trades will illustrate the rules above in my post #1149. First, the chart (5 min) ES or MES showing the general context of...

Maybe I can illustrate this with a chart later today after I get back from town. Got to run some errands.