BTCUSD If i get an entry-market has moved in my favor of entry direction, why would I close it all? Think about having a 48k and 73k range, of having both longs and shorts running. Then you can just add on to either direction at the s:r in those ranges, until market stops one of them out. Yet when set up as such, being stopped out=market is going further in either or direction. Then if you want to run a scalp in between those directions to play, you can pretty much risk free hedged. I've done this from 17k to 73...i am waiting to fully close my short positions and that is near...then fully close long positions. I no longer follow this enter a position direction then fully close it, then become full bear bull bias. Market dictates...i just follow market dictations..market rebels or i see reverse potential on price sr i add on. Case: I've been longing leverage on HHOT since .00123... i seen it is hot over bought...so instead of closing a sweet long entry point...i entered a short...like i care if my short gets hit....yes of course i have tp % on both of those at certain zones...yet i never fully close them...till market stops me out at entry or an area i am ready to fully close it, after taking multiple tp add ons in between.
BTCUSD If i get an entry-market has moved in my favor of entry direction, why would I close it all? Think about having a 48k and 73k range, of having both longs and shorts running. Then you can just add on to either direction at the s:r in those ranges, until market stops one of them out. Yet when set up as such, being stopped out=market is going further in either or direction. Then if you want to run a scalp in between those directions to play, you can pretty much risk free hedged. I've done this from 17k to 73...i am waiting to fully close my short positions and that is near...then fully close long positions. I no longer follow this enter a position direction then fully close it, then become full bear bull bias. Market dictates...i just follow market dictations..market rebels or i see reverse potential on price sr i add on. Case: I've been longing leverage on HHOT since .00123... i seen it is hot over bought...so instead of closing a sweet long entry point...i entered a short...like i care if my short gets hit....yes of course i have tp % on both of those at certain zones...yet i never fully close them...till market stops me out at entry or an area i am ready to fully close it, after taking multiple tp add ons in between.