brewski1984
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How many times would you take the same trade at the same level?
For example, DOW reaches the 14000 level and you go short and close your trade at a profit. How many more times would you go short at 14000 in your relative time scale and/or if your specific set up appeared? If you were trading a 5 minute timeframe would you take the same trade 3 or 4 times in a day? If it keeps retesting 14000 surely it's likely to break through at one point?
Sorry this is in the wrong place, it wont let me create a topic in General Trading Chat.
For example, DOW reaches the 14000 level and you go short and close your trade at a profit. How many more times would you go short at 14000 in your relative time scale and/or if your specific set up appeared? If you were trading a 5 minute timeframe would you take the same trade 3 or 4 times in a day? If it keeps retesting 14000 surely it's likely to break through at one point?
Sorry this is in the wrong place, it wont let me create a topic in General Trading Chat.