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)

  #37 (permalink)

Market Wizard
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,734 since Oct 2009
Thanks: 3,101 given, 4,597 received


Adamus View Post
This is definitely interesting, so don't think I'm just being critical for the sake of it, but aren't these supply and demand zones more or less equally well represented by swing highs and swing lows? If you define a swing high as a high that is higher than the 2 bars to the left and the 2 bars to the right?

See the chart of the Euro, the same zone talked about earlier. The YTC PAT approach I'm talking about would put those two lines above and below it.

What counts is where initiative activity took place and there is no better way to see that than by simply tracking wide range bars specially if they have as source a key market event or a news. You want to be aware of these wide range candles as they represent the *territory to be defended.

*Territorial animals defend areas that contain a nest, den or mating site and sufficient food resources for themselves and their young. Defense rarely takes the form of overt fights: more usually there is a highly noticeable display, which may be visual (as in the red breast of the robin), auditory (as in much bird song, or the calls of gibbons) or olfactory, through the deposit of scent marks.

Reply With Quote
The following 3 users say Thank You to trendisyourfriend for this post:
 
Page generated 2018-08-18 in 0.06 seconds with 11 queries on phoenix