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Right Line Trading Method

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Elite Member
Saratoga, NY USA
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL, GC
Posts: 377 since Aug 2010
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ABC Setup...

Has an Elliott Wave element to it. It's a market structure setup based on Order Flow Asymmetry.

The 'A' is a sign of a beginning of a trend with starting off with 2 consecutive matching Green/Red candles.

The 'B' is always going to be colored purple. This is the turning point bar
where buyers/sellers try to turn the market/trend.

The 'C' is the engulfing candle that states the trend is still in tact.
The engulfment is based on candle body only, not wick.

This setup is best taken on first instance in an up/down trend.

This trade was from 11/27/2013 and went for a total of 14tix.
In this case you would have achieved T1 of 6tix, T2 of 10tix, T3 4tix for a total of 20tix or $200 on 3contracts.

Attached Thumbnails
Right Line Trading Method-abc_1.png  

Last edited by msull35706; November 30th, 2013 at 06:19 AM.
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