Trading long and short at the same time makes sense if there is a swing going. Scalp the reverse direction of the swing when it overextends. Position sizing and stop placement need polishing.

Swings and scalps

The flag extends yet again, new upper trendline. Stopped out of gold and silver on the wrong side of the trades. I think going long an short simultaneously is good to catch the money from both directions but I have to define risk better. There is ...

Swings and scalps

Added.

Swings and scalps

Waiting for this fib retrace for continuation. I moved the stops way down to daily levels.

Swings and scalps

Almost to the pip fulfillment of the mathematical prophecy. Hoping it continues after a bounce. It's quite overbought.

Swings and scalps

Back in silver. Hard to forecast but I will go over it in a little while here. It hit an exhaustion point though.

Swings and scalps

Stopped out of silver, strange enough, gold didn't correlate. Shorting the silver spike from the new high. I really should have longed the bull flag though, it was a good setup. I wasn't staring at the screen though. Darn as I was typing it stopped.

Swings and scalps

I lost interest in this mini account. It is just not enough skin in the game for me to even open the program and check the trades. So far though it is down. No blessing without a sacrificial, in this case, I can loose more money with tradersway, so ...

Swings and scalps

Likely to stop out again, stops just above the highs. Hopefully it doesn't margin call before that.

Swings and scalps

With silver the cornflower blue arrows show where a good long entry is for a triangle breakout, the touch of the bottom trendline at the tip or the slight retrace right after (first fib). The arrows are where stops should have been placed. Bull/bear ...

Swings and scalps

The current triangle from the 15 min perspective.

Swings and scalps

I marked arrows starting Aug 26 on that show where entries should have been. The first short looks like it would have stopped out, if the stop was just beyond the trendline a bit. However, subsequent longs and shorts could have been safely brought ...

Swings and scalps

There is the spike. Missed it. Shorting. Tried hedging instead of a stop with silver, didn't go to well, big loss.

Swings and scalps

When is the pattern a failure? Take a look at the triangles. Not enough time to get to the average.

Swings and scalps

Stopped out of gold. If I put the order in at market before the end of the session I can catch the gap on SP500, since my experiment with an entry order failed, as a previous post shows, it would have been an obvious and good move.

Swings and scalps

Trading the range with fibs, this one at the 423.6 adding short.

Swings and scalps

Shorting this bounce from the 61.8. Another entry set for the 23.6. I think the trendline break is a fake out.

Swings and scalps

Just brainstorming ideas about how to automate. It would be nice if instead of a stop loss an automatic target is triggered for a retrace from this to limit drawdown. For example, entries at fib levels, stop beyond where the fib was drawn from, but ...

Swings and scalps

Adjusted the triangle trendlines to the tip. Still forming the triangle. Fibs are hitting to the T. This is the critical point in the price action, it usually spikes after a triangle formation completes.

Swings and scalps

Looks like a bull flag although I may be safe short for a while if this tripple top holds although I may get out soon if it continues up. I think the flag isn't long enough yet. More ranging.

Swings and scalps