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I too have been playing around with scaling recently I ve been watching your posts, I dont think it will be more profitable over AIAO but who knows, wish there was a guide line book
edit: I just saw where you guys move stop up on each LH which i agree, my first entry if pa goes against me I ride to next level up or down this is where I added then let stop ride up with LH....guess were all on the same page....Now one of you tell me if this is more profitable than AIAO on 80% of range days, I know other trend days this method would kill it.. So whatcha think lol
Brian already mentioned (and so did I) that mathematically AIAO is the purest and most profitable of them all as long as you have positive expectancy. SIAO adds profit, if you are able to add for incremental profit while moving your collective stop tighter (I use ATR stops for this), theoretically - the idea is, let the ATR stop move up or down and then add positions on pull-backs to some median price (middle of Bollinger, on touch of 10EMA, something like that). Or retest of broke S/R
Secondly, the example you mention the context is off in my opinion.....on your image, why is this a long? If the idea is to add on weakness in a strong market or on strength in a weak market then look at your picture again. Where is the dominant current force. What is the difference between the two patterns below, what is the higher probability direction?
If you are long here, you are currently against the current trend, there is little justification in my book to add to what looks like a CT Trade.
If you did want to add on your CT Trade, this maybe one way =
But this is too dangerous IMO, I would not do this. I would stick with AIAO if I was long today
Here is an actual trade I took today on NQ, it wasn't a long. I had an idea, I had a GO-NOGO level and I built a position around it until the dominant force revealed itself.
PS - this was my one and only winning trade, I had 3 - 2 were wrong, the third had more than enough expectancy in it.
@Deucalion Thx for the reply...yes I know AIAO is better from my testing but when ur right ur right add CT or trend if u know correct target and levels.. I took the trade off RGD divergence and others once confirmed I added till target was met. I agree with you on trend is your friend
Boy I need to read more before I post, but sometimes I just throw it out there for response....and then leave it up to you to have a stern reply back,lol you wrote "dang that trend was down man r u stupid" sorry for me not seeing that.... Lmao but I gotcha....
Yes, I concur, but is that expected on an intra-day time frame? Also, first touch is already done, and far more importantly, where is the stop on that big chart. You could easily go 5/6points further down without violating the support idea. If that is the stop, then the target must be 12-15points. Does one reasonably expect that range intra-day given the current ADR on ES. Now if you said, swing trade, then yes.
With Low Volatality in CL and other instruments, I turned into Swing Trader( 1 or 2 trades max. per day), next step is changing into Position Trader holding multiple days. It is helping me much better than Day trading.
Hi @PandaWarrior, hope all is great with you.
I guessing there might be numerous, but if you were inclined to only recommend a book for a beginner interested in swing trading forex. What would it be?
Thanks in advance and Happy Holidays