So far this ismy understanding.I bought 1 lot at 3992 waiting for the next pivot high to add another lot? Or sell at 3848 this lot and another lot so that I am short. Now the point is identifying pivots.
Just to re-phrase what you wrote:
We buy at 3904...with a stop at 3776-15.
We add at 3992..and move our stops up to 3848. We dont wait for anything, but if we do take out the highs now...then we add to our position at that point, which may also mean we would get a higher stop for our overall position.
We cover all and go short at the break of Stops(most recent pivot lows)...meaning, we are always in a trade, long or short.