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


futures.io - 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 (www.ytcpriceactiontrader.com)

  #18 (permalink)

Elite Member
Buckeye Nation
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp/CQG, TOS
Favorite Futures: CL, 6E, YM and ES
 
Posts: 201 since Jul 2010
Thanks: 146 given, 234 received


Zwaen View Post
Hello kulu, if you know good information of finding relevalt SR lavels I'm very interested. Beggs also uses SR levels in combination with strenght/weakness of price action. ( no indicators naked chart ) Two weeks ago I found information of Sam Seiden who has great articles about Supply and Resistance. Because I also believe this is very important information for trading, I'am very interested if you have good information on gauging the relevance of support and resistance levels.

@ Zwaen,

Most of what I look at is Sam Seiden, and Lance Beggs. I have not attended Sam's XLT course nor do I have Lance Beggs books. All I have is there free online resources. Also, nobrainer trades put out a video a few weeks back about liquidity gaps which is basically spotting those spikes what we use to draw our zones.

I think the most important thing is to define what a supply/demand zone is to you in terms of profit potential. Also, just be as picky as you can, if you don't see the level/zone immediately, then it's not there. I look to take one or two trades per day, and some days there are no good setup on the instruments I watch and I pass. However, because of the RR on trades that work out (or fail) I don't have to trade everyday.

Practice is very important. I know that Sam Seiden has the Odd enhancers that they looks at. I look at those too, especially, how price leaves the levels, and space (profit margin). I seldom take second test of a level, and I like to wait on those to see some form of confirmation within the zone and take my trade as price leaves the level.

I hope this helps. It's still a learning process for me as well, but I feel comfortable taking the obvious trades. Again, it is nerve wrecking to go short when you see price coming at your level. I trust the setups and as long as my risk level is acceptable I am willing to take a loss for a potential healthy percentage gain into my account.

Kulu

Reply With Quote
The following 2 users say Thank You to kulu for this post:
 
Page generated 2018-11-17 in 0.06 seconds with 11 queries on phoenix