Kardec Trader explains a price-action strategy: enter trades when price retraces to the 50% level of a defined range, using two successive 50% levels as entry zones. The key is trading with the trend, not against it, to capture one high-probability move.
What I'm looking for is I'm looking for price to trade into around 50% and then trade into 50% of this range. More recently, we use recent price action. Price is tumbling. All I want to see is price trade into 50% of the range and then 50% of this range. And all I want is this move right here. Because at that point, even though this is the trend, if this is going to continue to here, great. If it's not, it's most likely going to reverse from here. So all I need is this move right here. I don't need to trade from here to here because this is a risky move, and I don't need to try and grab this because this is fighting the overall downtrend that we're currently in.
