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The initial setup was BTC bar1 and target MM so 1x risk, actually less if the protective stop was below the bar.
Second choice was to wait for Bull bar 2 and target MM or TR (above) , risk19/reward 21 so about the same 1x Risk.
This is the trader's equation for the scalp.
2x risk is close if BTC bar1 and target TR (above) ≈ risk15/reward 26...But still not 2x.
The MKT does not have to stop at the first target and, once again, for you to make the trader's equation positive you have to use the actual risk, so the swing ended up being profitable.
once again, for you to make the trader's equation positive you have to use the actual risk
For the good trades, this is a good result.
But when the market reverses, the trade is then stopped out at initial risk. The trader will have smaller actual risk wins, but also larger initial risk losses. I don't know if that is profitable over many trades
I don't know if that is profitable over many trades
Al claims it is, though I haven't seen the proof (I guess he speaks from experience).
I will be reviewing that section again. I think you guys are correct, I just need to find the logic. Thank you
