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


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YTC Price Action Trader (www.ytcpriceactiontrader.com)

  #52 (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, 235 received

A stop that shouldn't have been

Only 2 trades today. One stop on CL that I am totally mad about and a good short on FDAX. The short on CL was in the good for close to 40 ticks and then I let it come back for a full stop. I realized this is not acceptable and will not happen again. My rules call for a move to at least BE at 1:1 R2R. I didn't do it and paid for it.

The FDAX trade was actually a second trade on this instrument. The first occurred at 4AM EST. I didn't take that trade because the zone was too wide for my risk tolerance. Price barely even penetrated the zone (showing that this level was a very strong level). I then took a short of a supply zone for a +64 ticks.

Attached Thumbnails
YTC Price Action Trader (www.ytcpriceactiontrader.com)-fdax-09-11-60-min-2-09_08_2011.jpg   YTC Price Action Trader (www.ytcpriceactiontrader.com)-fdax-09-11-60-min-tgt-09_08_2011.jpg   YTC Price Action Trader (www.ytcpriceactiontrader.com)-cl-10-11-60-min-09_08_2011.jpg   YTC Price Action Trader (www.ytcpriceactiontrader.com)-cl-10-11-60-min-stop-09_08_2011.jpg  
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