YTC Price Action Trader (www.ytcpriceactiontrader.com) - futures io
futures io futures trading



YTC Price Action Trader (www.ytcpriceactiontrader.com)


Discussion in Trading Reviews and Vendors

Updated by sheldonxp
      Top Posters
    1. looks_one kulu with 22 posts (70 thanks)
    2. looks_two Adamus with 21 posts (20 thanks)
    3. looks_3 Zwaen with 17 posts (23 thanks)
    4. looks_4 trendisyourfriend with 8 posts (18 thanks)
      Best Posters
    1. looks_one DarkPoolTrading with 6.0 thanks per post
    2. looks_two kulu with 3.2 thanks per post
    3. looks_3 Zwaen with 1.4 thanks per post
    4. looks_4 Adamus with 1.0 thanks per post
    1. trending_up 60,844 views
    2. thumb_up 183 thanks given
    3. group 40 followers
    1. forum 95 replies
    2. attach_file 57 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

YTC Price Action Trader (www.ytcpriceactiontrader.com)

(login for full post details)
  #1 (permalink)
London, UK
 
Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker: IB/IQFeed
Trading: EUR/USD
 
Adamus's Avatar
 
Posts: 1,085 since Dec 2010
Thanks: 471 given, 785 received

I'm heading down the road of the YTC Price Action Trader and I'd be interested to hear from any other students of this course who want to form a trading 'study group'.

The idea would be for traders to submit their journals and logs of their trading sessions to each other for review, to benefit from each other's objective advice and criticism.

I figure it would best be paperless via email and/or skype with no requirement for physically meeting up, but if located in London, UK or near-by, that would be a definite plus point.

If you're interested, please get in touch by private message,

You can discover what your enemy fears most by observing the means he uses to frighten you.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to Adamus for this post:

Can you help answer these questions
from other members on futures io?
Chart on TV, what platform is best for swing order entries?
Traders Hideout
Market Replay and Fills (Denali data)
Sierra Chart
converting useful Pine Script into Multicharts code
EasyLanguage Programming
Thanksgiving 2020 Fundraiser - lets be grateful!
Feedback and Announcements
SPY, QQQ Weekly Closing Range Probabilities
Traders Hideout
 
 
(login for full post details)
  #3 (permalink)
Kolkata
 
 
Posts: 31 since Jun 2011
Thanks: 12 given, 34 received


Hi

I am a great fan & follower of Lance Beggs , further inspired by Al Brooks.

Attached Thumbnails
Click image for larger version

Name:	post-it-note-trading-plan.jpg
Views:	411
Size:	78.5 KB
ID:	46698  
Reply With Quote
The following user says Thank You to sunbim31 for this post:
 
(login for full post details)
  #4 (permalink)
Netherlands, Blaricum
 
Experience: Intermediate
Platform: Excel, Python, R
Broker: IB
Trading: Options
 
Zwaen's Avatar
 
Posts: 250 since Dec 2010
Thanks: 848 given, 237 received

Hello,

I'am also a fan of Beggs. In essence he describes 5 different setups you can trade, depending on the market environment.
I'm very interested if someone also trades the setups and how you do it ( also SL placement en trademanagement ).

One of my worst enemies are my own false assumptions
Reply With Quote
The following user says Thank You to Zwaen for this post:
 
(login for full post details)
  #5 (permalink)
London, UK
 
Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker: IB/IQFeed
Trading: EUR/USD
 
Adamus's Avatar
 
Posts: 1,085 since Dec 2010
Thanks: 471 given, 785 received

That's right, and that's what I'm teaching myself now. He describes his strategy for the stop placement in detail - based on which of those 5 setups you're dealing with. The principle is that the stop is placed on the opposite side of the formation that you're trading.

e.g. for a pull-back in a trend where you think there's going to be some counter-trend traders trying to jump on a potential reversal, assuming you're looking at a stall in the pull-back where there's a high probability that the trend's going to resume, you put your stop at a point beyond the stall where the market would obviously be reversing and where your theory of a pull-back and trend resumption is invalidated. I guess you need examples to explain it best!

You can discover what your enemy fears most by observing the means he uses to frighten you.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #6 (permalink)
Netherlands, Blaricum
 
Experience: Intermediate
Platform: Excel, Python, R
Broker: IB
Trading: Options
 
Zwaen's Avatar
 
Posts: 250 since Dec 2010
Thanks: 848 given, 237 received


Adamus View Post
That's right, and that's what I'm teaching myself now. He describes his strategy for the stop placement in detail - based on which of those 5 setups you're dealing with. The principle is that the stop is placed on the opposite side of the formation that you're trading.

e.g. for a pull-back in a trend where you think there's going to be some counter-trend traders trying to jump on a potential reversal, assuming you're looking at a stall in the pull-back where there's a high probability that the trend's going to resume, you put your stop at a point beyond the stall where the market would obviously be reversing and where your theory of a pull-back and trend resumption is invalidated. I guess you need examples to explain it best!


Hey Adamus, you are right. Do you have an example of a trade you took lately? ( so we can discuss it )

One of my worst enemies are my own false assumptions
Reply With Quote
 
(login for full post details)
  #7 (permalink)
London, UK
 
Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker: IB/IQFeed
Trading: EUR/USD
 
Adamus's Avatar
 
Posts: 1,085 since Dec 2010
Thanks: 471 given, 785 received


Zwaen View Post
Hey Adamus, you are right. Do you have an example of a trade you took lately? ( so we can discuss it )

I'm still backtesting static charts, concentrating on S/R levels and setup areas - I have a ton more of this to do before I even get to practicing the trade entries and exit management.

He has a ton of stuff on his blog and articles on his website - there must be some stuff there?

I'm in a rush at the moment, but if I see anything over the weekend I'll post it.

You can discover what your enemy fears most by observing the means he uses to frighten you.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #8 (permalink)
Netherlands, Blaricum
 
Experience: Intermediate
Platform: Excel, Python, R
Broker: IB
Trading: Options
 
Zwaen's Avatar
 
Posts: 250 since Dec 2010
Thanks: 848 given, 237 received

Nice example of a simple pullback (PB) on 6E 2 hours ago. 3 min chart.
You could have shorted under candle a or b ( imho)
Sl above candle a
after filled order, just trail 3min candles. ( offcourse you could use other management techniques like taking profit on several contracts at the RossHook, trailing other contracts on the 3 min candles, or even try to capture the whole trend down )

Key is weaknes on the " green " pullback, and no significant barriers after you enter. ( for example, the pullback before the pullback I mentioned was too strong in my opinion). Weakness here is seen because candle a has uppertail, candle b is a dark cloud cover-like. Shorting under candle b is more confirmation, but also reduced profit potential and higher SL.
If you see improvements, let me know.


Uploaded with ImageShack.us

Reply With Quote
The following 4 users say Thank You to Zwaen for this post:
 
(login for full post details)
  #9 (permalink)
London, UK
 
Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker: IB/IQFeed
Trading: EUR/USD
 
Adamus's Avatar
 
Posts: 1,085 since Dec 2010
Thanks: 471 given, 785 received

Yeah, I guess that's a text book example. Lance defines his stop and his target before entering, so he knows exactly what his RR will be and whether it's worth it. He also uses a lower time frame, 1min bars, to try to work a better entry than just using a stop entry below your trigger bar. My guess is that he would have jumped right in after the doji, or at least the bar after that. That would give you a great RR.

Oh yes, and you're an hour ahead there on the mainland

You can discover what your enemy fears most by observing the means he uses to frighten you.
Attached Thumbnails
Click image for larger version

Name:	$EURUSD (1 Min)  2011-08-30.jpg
Views:	578
Size:	148.3 KB
ID:	47805  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Adamus for this post:
 
(login for full post details)
  #10 (permalink)
Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,931 since Oct 2009
Thanks: 3,577 given, 5,046 received


Adamus, something that has helped me a lot is to be at all time aware of the major key changes in supply/demand. When you see what could possibly be a trade, try to mark on your chart the zone(s) where such events are taking place. The reason behind it is that you will eliminate weak setups and will develop your ability to spot where price could go. This helps gauging your RR too. A good place to partially exit is when price makes a volatility spike. These are easy to spot on a time based interval.

Reply With Quote
The following 6 users say Thank You to trendisyourfriend for this post:


futures io Trading Community Trading Reviews and Vendors > YTC Price Action Trader (www.ytcpriceactiontrader.com)


August 26, 2020


Upcoming Webinars and Events
 

Bookmap

Nov TBD
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts