Use 1 hr S/R lines, the most recent
Enter assuming reversal on 5 min chart
Exit with 2 point initial stop loss and trailing stop using most recent pivot highs/lows.
This is essentially the same thing i have been doing but i am increasing odds of have an actual trade because of the 1 hour major S/R lines instead of minor 5 minute S/R lines. Bigger time frames are more important.
5 point gain for Monday 8-18-14
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