1)This method was shared not as a complete trading system but as a low risk entry method if because of some reason we miss an ideal entry points...we get multiple entries to get into the trend.
2) How much it gives depends on how you trade them, whether you add, whether you hold till the end, whether you re-enter etc. It also is a function of how big is the price move.
3) Daytrading and swing trading are two different modes, both having their own advantages and disadvantages...we cannot compare the two...it is like comparing apples and oranges.
4) In both daytrading as well as in swing trading we need entries and add points with small,controlled and predefined risk, dont we ?
5) This entry method works well on 5 min as well as 30 and 60 min charts ( for swing) . The precondition is it should trend strongly in the chosen timeframe and then it gives low risk entries....so follow whatever method but if you want a good entry in the trend move or an add point , this method should be of help.
Use it along with the method we use for trading and we have a great combination.
Smart_trade
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