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. Today my biggest weakness showed while it was a green day i called market direction twice for 75 point moves and only captured 10 points total. I am trading with hard stops but I am still struggling with trusting my winning trades.
I am discovering it is possible that I am just a scalper however for that to be the case I must not take swing losses such as -60 point stop out I hade last week
I have decided to ADD ATR to my chart and this will help me see when I should be exiting winning and losing trades and will show me what percentage of ATR I am capturing on winning trades and what percentage of ATR are my stop losses
You can trade 2 lots. Take a scalp profit on 1 lot, set stop at breakeven on the 2nd and let it go. Use your entry criteria (close above/below ema(9)) as an exit or target a major swing high/low. You might use the ATM Strategy.