1. Introduction
2. Video
3. Trade 1: Buying a High 1 and then scaling in at 2/3 of the way to my stop
4. Trade 2: Buying Below a Good Signal Bar, Scaling in Below the Range

Introduction

• In the video below I review a trade I took and how to scale out breakeven.
• I then show the way I typically take the trade when I don’t make so many mistakes.
• I also discuss 2 NT8 indicators I think are very valuable and there are links here and here and in the video.
• This will help traders discover flexibility in their approach to price action trading.

Video

Trade 1: Buying a High 1 and then scaling in at 2/3 of the way to my stop

• High 1 Buy
• Measure 2/3 to your stop and place another position there.
• It can be 1/2 or larger.
• Remember if you are adding another 1/2 size, the stop is closer than the first entry so the second entry will be more contracts.
• Options to exit breakeven at top 1/3 of the trading range.

Trade 2: Buying Below a Good Signal Bar, Scaling in Below the Range

• Wait for signal to form but there is something wrong with it.
• Decide to enter below that bull bar.
• If you don’t get filled, its a Breakout and you chase.
• If you do get filled, gaps in trading ranges close (high %) so your entry will have options to get out.
• Stop is some distance below the low of the range (spike.) In this example I used about a bar below.
• Scaling in below the range will then be at LEAST a bar range from my first entry.
• Now I don’t want to sell at the low of a trading range (exiting a long position is a SELL.)

Conclusion

• I hope you learned one great way to scale into trades