Quote:
Originally Posted by phil838
That is true, there's plenty of room for personal judgment when it comes to placing scalp lines. But I do still say there are A+ setups. An A+ setup is a line that's so good that it would be a scalp line based on anyone's judgment.
Anyone can see that 154.04 is a perfect scalp line setup. It exceeded, by far, all the criteria needed to define a scalp line. There's not one NickB scalp line trader around that wouldn't agree that's a good scalp line, so it's an A+ setup
Does being an A+ setup mean it will be a winner... Of course not! But a line like that has the best chance of winning, so it is the "perfect" setup.
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Yes, of course, but that is not the only set up you would ever trade.
The, "only A+ setups," type of traders would wait for that AND ONLY that set up. They would end up missing out on a lot of winning trades that were not A+ but had a high probability in their favor. As a result, they would rarely trade and rarely make money.
See what I'm saying?