It works for me. Sometimes I catch bigger moves but I love trying to catch every move within a move. As long as my win ratio stays 80-85% then I will continue to trade this way. Keep in mind that this way of trading works well on chop days but on trend days If I am on the wrong side I often work just to get .25 or .50 and spend most of the time pissing in the wind.
There was a 2 point move off the last high, this is the cover area or if you think we fall more ride it out. I have no position. I would like to see it fall but OE may have other ideas.