Thanks lapa, just trying to post in and out of the very tight trading range. For the longs there seemed to be desire to go up but resistance to go beyond, and so i went long for a 3pnts target each time it went down whilst looking at the tails of the pin bars on differnet charts to see how price action/sentiment at that price was changing. Also looking at NDAQ,SPX and other indicators.
When it stopped going up I felt a short was on and as you could see price sentiment changing. I have found so far,that 3pnts is not really a big deal to many people, and it seems to let me pinch between the ranges. I use auto orders to sell which gets me a mid range price. Sometimes also to buy again to acheive my target price entry.
I got another 3pnts from going long 4349 to 4352. So while i could be waiting for a 12 pnts move i have just scalped 4 x 3 pnts in a pretty tight range.
I am no expert but this worked well the other day when we traded a tight range.
The only thing i can say in response to Jacks quote is that there are experienced people advising to take profits and not hold off for that big move as it doesnt always come.
I am not saying I am right but hopefully trying to convey some rationale!
Just flicking back to the market i could have got another 3 pnts from long at 4350. That would have been 15 pnts in a market that has moved only about 10 pnts.
I invite your thoughts as i am a newbie!
Cheers buddy.
