Postby bredin » Mon Mar 22, 2010 11:46 am
Pro Trader,
I have been scalping M5 with this all evening, in 'hideously aggressive' mode to gauge when to enter.
I try to enter when price stalls somewhere in the zone.
I seem to get killed if I enter early (before entry to the zone) or late (after exit of the zone).
I dont want to enter at the edge only to watch price blow through, and Id like a better price if I can get it, cos it means a tighter stop and thus more profit.
I place an emergency stop on the far side of the zone.
I must admit that every time I enter I fight the feeling of entering in the wrong direction, and have been guilty of chasing movement and othe dumb things while I get this right....
I usually target the next zone, but am ready to dump on a price stall. Exits are hardest...
G.