Nope because you exit immediately then double, triple, or quadruple in and go in the BO direction. That way price moves less distance in the new BO direction that you had previously faded as you averaged down and you are quickly back at BE and soon back in a profit.
The DOW looks poised to drop momentarily, and the rest of the market with it. (Image)
- Thread starter Bugsy
- Start date
I have thought of this, but to me that is a "revenge" trade. I *think* my perspective is skewed a bit on these points, because I trade a custom variation of Unirenko charts exclusively.
They are so far and away different from the time-based charts most folks seem to use.
It could be a revenge trade but doesn’t have be. It can be part and parcel of one’s strategy.
Well that's brilliant, because that's all it can really do. One of those three things. Oi!
Not brilliant actually.
It is just a simple question.
And answer is very straight forward.
those who trade for a living will answer in this simple way.
Those who writes / talks for a living will answer it in different way.
Up, down, or sideways. It's a carny answer.
this strategy works a lot in 5 min because the market mostly ranges in that time frame....but the minute you go for less pips you need perfect market entry and exit....that took me years or decades to do.....but maybe some can learn to do that in 2 days
but market conditions do change and it changes so gradually that most do not notice it and unless you have good management you are dead....
i now can recognise that gradual change :ironically what fools you, also give you all the time in the world to recognize it and to milk it and that is why i have not blown this account
but a lot of people are expecting me to blow this one, like they expect dow to crash.....but i have learnt about the market by blowing accounts,not by having risk management and they cannot understand somebody who thinks differently.....
i understand my strategy perfectly now ...i know when to be in the market......
maybe but it is also a reality.
but there are various degrees and sometimes it is up and side ways, at the same time....you have to measure the degrees to manage it
