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YTC Price Action Trader (

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Elite Member
Trading Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: 6E
Zwaen's Avatar
Posts: 247 since Dec 2010
Thanks: 762 given, 224 received

Adamus View Post
That's right, and that's what I'm teaching myself now. He describes his strategy for the stop placement in detail - based on which of those 5 setups you're dealing with. The principle is that the stop is placed on the opposite side of the formation that you're trading.

e.g. for a pull-back in a trend where you think there's going to be some counter-trend traders trying to jump on a potential reversal, assuming you're looking at a stall in the pull-back where there's a high probability that the trend's going to resume, you put your stop at a point beyond the stall where the market would obviously be reversing and where your theory of a pull-back and trend resumption is invalidated. I guess you need examples to explain it best!

Hey Adamus, you are right. Do you have an example of a trade you took lately? ( so we can discuss it )

One of my worst enemies are my own false assumptions
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