In addition...
I do not "position trade" a market (to carry overnight dangerous). I only place market trades "intraday", within a trading session day (is much safer and tighter). For having a much less trade risk loss size amount of "exposure" and for inner peace.
I only use stop orders, only if, I have to step away from the screen... for a moment. Otherwise, I do not use any stop or limit orders. And for most of the live trading time, I only use straight market orders.
Throughout a market's trading day session, I always have trade contracts "open". In other words, I only use market orders, to buy/reverse and sell/reverse (swing trading) throughout the whole market day session to "accumulate profits", throughout my entire market trading day. I only offset all trade positions, "SLIGHTLY BEFORE" the market's trading day session ends and "CLOSES".
For my forex currency pair trading business, I trade at certain day and night "times" only. For market trade high liquidity and for good price action trend and swing flow movement behavior. I only trade the major fx currency pairs. And only trade fx pairs having a 3 pip or less "spread" (bid/ask). As "the spread" is a trading business number account's, a minus, a deduction, a cost, a loss.
For "My Way" of trading a market's price Res. and Sup. levels (a horizontal line), I use an uncommon "flexible trading strategy", which I regard as... "The Either Or Way". In order to have "both ways" of a market price direction sides (up or down) "trade covered".
This is "why", I am a market intraday Up and Down price swing flow reversal type trader and a risk loss control manager.
Defensive "as well as" is with" offensive market trading. All is done and is at the very same TIME.
ONE can truly trade HAVE "IT" GOING... "Both Ways" !
By knowing and using a trade "price trapping strategy"... to corner a market's key PRICE zone area.
With no market predictions necessary, no market news, no setting of price targets, with no trade worries and with no trade fears) about the price's next direction.
Market trading "without any" praejudicium prejudice, judgments or personal biases.
There "is" ... a way !
And "IT" can be and "is" very simple !
Yes I Do Rely On and Use,,, PRICE Sup. and Res. "HEAVILY"... in my way of market swing trading.
Erich & Spike uses "the very same "concept" in their own charting PRICE Sup. and Res. market chart trading. The key difference between their trading way and my trading way "is" my using a flexible trading strategy and the trade reversal technique being so applied and is executed in... a instant flash (an eye and finger click). In order to cover "both ways" of a constantly changing... Up or Down PRICE swing market (fractals).
Because if a trade position that I put on "IS MARKET INCORRECT" (pointing in the wrong direction), I just simply "REVERSE CLICK" all my open market trade positions, to be "ON THE CORRECT SIDE OF THE MARKET" (harmony, back in the flow, in sync) means... more profit gains !
Yin or Yang (opposites), just like how the PRICE does moves Up and Down (swings) and does "always constantly happens".
I am not a buy or sell and "hold or exit" (wishing, hoping, gambling) type market trader/investor. I market trade ... "THE NOW MOMENTS" (THE NOW PRICE). "The Now"... p/l account balance's reality.
I wish my posts can help "relieve you from, a lack of inner clarity, frustrations, complications, confusions and from life's pressures.
With greater understanding insight... aaahhh "clarity".
NOW,,, I CAN SEE "IT" CLEARLY !
The Third All Awakened Eye "is"
OM
Shifu the ONE NOW, eh