YTC Price Action Trader (www.ytcpriceactiontrader.com) | Trading Reviews and Vendors


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YTC Price Action Trader (www.ytcpriceactiontrader.com)

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Elite Member
Netherlands
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: 6E
 
Zwaen's Avatar
 
Posts: 247 since Dec 2010
Thanks: 762 given, 222 received

Nice example of a simple pullback (PB) on 6E 2 hours ago. 3 min chart.
You could have shorted under candle a or b ( imho)
Sl above candle a
after filled order, just trail 3min candles. ( offcourse you could use other management techniques like taking profit on several contracts at the RossHook, trailing other contracts on the 3 min candles, or even try to capture the whole trend down )

Key is weaknes on the " green " pullback, and no significant barriers after you enter. ( for example, the pullback before the pullback I mentioned was too strong in my opinion). Weakness here is seen because candle a has uppertail, candle b is a dark cloud cover-like. Shorting under candle b is more confirmation, but also reduced profit potential and higher SL.
If you see improvements, let me know.
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Last edited by Zwaen; August 30th, 2011 at 07:53 AM.
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