MightyOne wrote: Simply be more selective with which horizontal lines you trade; try and get in on a larger
idea rather than trading every possible trigger.
I use a 3.5 line stop loss:
if line #24 is touched then my stop is at 24.5 and I can short 23, 22, or 21.
If line #25 then my stop is 25.5 and I can short 24, 23, or 22.
Price makes a BI to 21, stop at 21.5,...
If price makes a BI to 22+ then stop might go to 25.5.
It is the idea that one simply enters within the space of acceptable risk.
Looking pretty darned objective there, Mighty! Why would you NOT enter at your first potential entry line? Say, line 24 touch but decide not to enter on 23...