YTC Price Action Trader ( | Trading Reviews and Vendors - futures trading strategies, market news, trading charts and platforms

Trading Reviews and Vendors

Discuss and review vendors of commercial trading products, trading rooms and services, trading indicators or third-party paid add-ons


YTC Price Action Trader (

  #9 (permalink)

Elite Member
London, UK
Trading Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker/Data: IB/IQFeed
Favorite Futures: EUR/USD
Adamus's Avatar
Posts: 1,085 since Dec 2010
Thanks: 471 given, 782 received

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.
Attached Thumbnails
YTC Price Action Trader (  
Reply With Quote
The following 3 users say Thank You to Adamus for this post:
Page generated 2019-04-23 in 0.08 seconds with 12 queries on phoenix