you are right about the timing of a scale-in {short for this example} and a breakout above a resistance area you are scaling into below would just cause you to flip/reverse your position and ride it for 4 to 8 ticks to defensively get you back to b/e with a few runners left {if you want} to gain any additional part of the breakout run for profits --- we do this all the time in the ioamt room successfully. and yes the market profile method traded by Billy and others in the room that have learned market profile are very profitable on a weekly basis.
my swing trade is just at and below two market profile s/r levels so that was another reason for my entry {also remember how key the ES 1230 level was when it broke and we fell down in October} --- it was as good of an area to try with all the recent price history at these levels. 1218.50 was a key market profile s/r level and i decided that was too low to start a swing trade from --- this area i have my reasons for.
i agree if a swing trade level is picked incorrectly then you have to either be willing to stop out when your chosen s/r level is broken through, or you have to reverse HEAVY and ride the breakout to at least get your whole position to b/e {clean up the losses up to the flip point}. so yes if price just space shuttles against you after your full swing is in place you MUST have a trade management "tasking" to handle the breakouts through your position.
if {and a big IF} you have a method that can pick good points for swing trades, then very few times a year would you be in the situation where you are having to go defensive fast on a "failed" entry price selection level {where you try to start a swing trade}. additionally if you can have and use a trade entry method with a "position entry replacement" capability you will have the potential for additional flexibility for the proper initiation of your swinger. basically you have to do some "entry juggling" until the price breaks in your trades intended direction hard.
and yes myself and several other traders in my office are now paying ioamt members --- this has been the best $100 a month that i could spend in my honest opinion to expand my trading capabilities.
my swing trade is just at and below two market profile s/r levels so that was another reason for my entry {also remember how key the ES 1230 level was when it broke and we fell down in October} --- it was as good of an area to try with all the recent price history at these levels. 1218.50 was a key market profile s/r level and i decided that was too low to start a swing trade from --- this area i have my reasons for.
i agree if a swing trade level is picked incorrectly then you have to either be willing to stop out when your chosen s/r level is broken through, or you have to reverse HEAVY and ride the breakout to at least get your whole position to b/e {clean up the losses up to the flip point}. so yes if price just space shuttles against you after your full swing is in place you MUST have a trade management "tasking" to handle the breakouts through your position.
if {and a big IF} you have a method that can pick good points for swing trades, then very few times a year would you be in the situation where you are having to go defensive fast on a "failed" entry price selection level {where you try to start a swing trade}. additionally if you can have and use a trade entry method with a "position entry replacement" capability you will have the potential for additional flexibility for the proper initiation of your swinger. basically you have to do some "entry juggling" until the price breaks in your trades intended direction hard.
and yes myself and several other traders in my office are now paying ioamt members --- this has been the best $100 a month that i could spend in my honest opinion to expand my trading capabilities.