Counting touches
4 touches and we get a move.
Using this strategy has really helped me.
I was always being told by different traders that things happen in a series of 3, when it hits 3 times it is time for action....and I was losing money.
I then heard from a professional trader to use 4 touches......35% gain in a month, trading every day. Could this little trick really be the flip of a switch I needed? Maybe. I have also been pairing this with a .5% trailing stop right after I enter. Doing this instead of a targeted price stop loss is somehow easier to mentally force myself to do instead of hoping for it to go my way and then things getting away from me.
Anyway, hope this might help you like it is helping me!
Using this strategy has really helped me.
I was always being told by different traders that things happen in a series of 3, when it hits 3 times it is time for action....and I was losing money.
I then heard from a professional trader to use 4 touches......35% gain in a month, trading every day. Could this little trick really be the flip of a switch I needed? Maybe. I have also been pairing this with a .5% trailing stop right after I enter. Doing this instead of a targeted price stop loss is somehow easier to mentally force myself to do instead of hoping for it to go my way and then things getting away from me.
Anyway, hope this might help you like it is helping me!
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