treggs, the way I do it.. fwiw.. first identify the condition of the day.. bull, bear, swinging or stay away.. then trade in the direction of the day mostly and maybe take some more risks in that direction.. but for counter trend trades.. against the main trend of the day for day trading.. don't do it often and only when xjo is quite over extended.. and i only scalp for counter trends.. the first swell of momentum only.. whereas i might hold for several stanzas in the direction of the trend.. counter trend trades get more risky the longer you hold em.. you're trading on the bulls or bears.. the ones in control of the day.. taking a short recharge.. not changing their minds.. so they are still around to flip you real quick if they want..
that being said also explains why my worst days are trend change days.. it takes me a while, maybe most of the day, to get on the right side of the market once its changed tack..
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