Yep been thinking the very same thing..early on we really want the 50% retrace and not any lower, then we want the 62% Fib break to the upside..if it goes below 50% on the 1st retrace after the GC were probably too late in the cycle..another thing which might have some merit when scaling in to a position here is to keep the average buy in price same as the level of the 9 ema each time (maybe a day or so behind it)..so our break even is always below the 9 ema...will have to work on this some more. ..what I`ve been doing to effect this is selling a few (a quarter) just outside the Bollinger band and buying them back at the 9 ema this keeps the buy in price below 9ema while still scaling up the position size.....still needs some work..
