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Right Line Trading Method

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Elite Member
Saratoga, NY USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL, GC
 
Posts: 377 since Aug 2010
Thanks: 141 given, 791 received

Power Setup...

Noted as an Arrow symbol on chart.
Signifies a minor retracement in an existing trend, usually to the 15MA.
Again classified as a continuation trade in an existing trend.
Want 15MA to stay color of trade. Green for long / Red for short.

On the 3LineIndicator below chart you have OrderFlow, Stochastic, Momentum from top to bottom.
Stochastic is ok to be off due to the retracement. As long as OrderFlow and Momentum are in direction of trade is all we need.

We look to take the first 2 instances for they are your best chances of profitability with trend.

This trade was from 11/25/2013 and went for a total of 36tix. Classic Pull Back to the 50MA and was rejected.
In this case you would have achieved T1 of 6tix, T2 of 10tix, T3 26tix for a total of 42tix or $420 on 3contracts.

Attached Thumbnails
Right Line Trading Method-pwr_1.png  

Last edited by msull35706; November 29th, 2013 at 08:29 PM.
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