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Theodore, Saskatchewan | Unfortunately I am a visual learner so I have to read this a couple times fry. At least my wife says I am because she tells me things all the time and I never seem to learn. ;)
Anyways if I read you correct,
You are willing to trade either way. However you are thinking that you will play the other side once stopped out.
I would worry that volatility will take you both ways in practice. The safe bet is still to sell with the sellers at 10 and play to the 6. Allow for a wash above 10. If it is going to the target at 12 after getting stopped out then not try and play it both ways but sit back and re evaluate.
The trade you mention is tempting because in theory there would be a profit both ways. I will think on it.... | |
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Trading support and resistance lines...
