I am not understanding the aggressive way/conservative way

I can see that after the bounce you would set up an entry order a little after the bounce is on its way up. I just cannot see what is being said about the titled actions.

You would buy after selling off at a loss? (aggressive way)

What am I missing? If somone could dumb down the process :51: that’d be great.

Oh I get it. If it goes down you sell and then buy before it rises back.

hmm… how about you clarify exactly what you speak of, and i’ll be willing to dumb down with clarity :wink:

Jay

Here:

babypips.com/school/trading-the-lines.html

Ok… so here goes.

Two ways to trade “the lines”: aka support and resistance.

When price is about to break above one of your lines, you can place a buy order a few pips above the line. This way, when price “breaks out”… your will be long just as this breakout occurs.

OR

You can wait for that break out to occur… wait for price to move above the line…the faster it breaks out, the better.

Then, when price comes back to where it broke out from, go ahead a buy it NOW.

In the first case, you buy immediately when it breaks out.

In the second case, you wait for a break out, then a pull back, and THEN you buy.

Jay

P.S. or…as the example shows in these little pictures, you would sell. (since it’s a break out to the down side)