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YTC Price Action Trader (www.ytcpriceactiontrader.com)

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Elite Member
London, UK
 
Futures Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker/Data: IB/IQFeed
Favorite Futures: EUR/USD
 
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Posts: 1,085 since Dec 2010
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Yeah, I guess that's a text book example. Lance defines his stop and his target before entering, so he knows exactly what his RR will be and whether it's worth it. He also uses a lower time frame, 1min bars, to try to work a better entry than just using a stop entry below your trigger bar. My guess is that he would have jumped right in after the doji, or at least the bar after that. That would give you a great RR.

Oh yes, and you're an hour ahead there on the mainland

You can discover what your enemy fears most by observing the means he uses to frighten you.
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