A trader explains how to enter trades at the 50% midpoint of price ranges within a downtrend, then exit before reversals. The strategy avoids the full swing move and focuses on low-risk retracements aligned with the trend direction.
Price is tumbling. All I want to see is price trade into 50% of the range here 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.
