While it can work very well to trade the same level repeatedly, it’s not a good idea when the trade has a few key factors against it:
- It’s counter-trend – the 3Min Bolli system is a great system for taking reversals from counter-trend moves and for trading KLs in the opposite direction to the trend, but do not trade every touch of a level when that requires you to trade against the overall order flow.
- The KL had already been hit, which means that orders for TPs for shorts, SLs for longs and new longs had already been triggered and the market does not need to bounce from there again.
