ninjatrader

Marchello keep doing what you doing. The other guy is just an unsatisfied customer.

Or you can view history chat and find the link Tom provides.

Hello Everyone,

I would like to simulate this thread to not only share but also discuss the YTC setups. I know PA threads are not popular but for those interested i hope for all to part take. If you have trouble we all can help. So lets begin:

 

1)BPB (Breakout Pullback)

2)BOF (Breakout Failure)

3)TSR (Testing S/R)

4)SST (Steady State Trend)

5)WT (Weakening Trend)

6)*CPB (Complex Pullback) *not really a setup but something to keep in mind as the market always try's to shake/trap you on a trade.

 

The setups above are explained in fine detail. I recommend watching the video 3x before you read, mid read and at the end. My swing trading has improved dramatically even though YTC uses 30/5/1 min TF. Same principals can be applied in higher TF's. I.E daily/4/1 hour TF's.

My aa-haa moment is when Lance spoke about the slope of PA and candle development in relation to the current trend as discussed in the weakening trend part.

BPB/BOF/TSR setup will happen at S/R (Previous swing H/L).

WT/SST setup will occur in between S/R.

 

When to enter was always my problem. You know when to enter i.e pullback. But it's easier said then done in real time. Lance has several youtube video on reversal candles to help. But what usually helps me is drawing a horizontal line from the previous HH or LL. When price makes a new high or low and retraces (pullback) close to the horizontal line look for a reversal candle (IB/OB/reversal candles) in that area. Keep in mind depending on volatility pullback can get as low as the 61 fib area (personally like). If volatility does not go at or lower the 50% fib then I will not take the trade as my target is usually the last high or low. Which would give you at least a 1:1 ratio. Again study the candles and there strength and weakness. Always cut your losses short. Thats why you need at least 10,000 hours of chart reading time. When your in a drawdown you want to see weak bearish/bullish candles or stall or consolidation. Thats the only way you should stay with you trade and follow your game plan bar by bar. Once I see strong bearish/bullish candle against me during a draw-down cut your losses short because new sellers/buyers are coming in. I'm still testing and studying CPB or 2B (many different names). Usually these are traps and if you happen to catch one you will be rewarded handsomely. As trapped traders liquidate there positions prices will skyrocket the opposite side (ie trend).

 

I would like to see different ideas and breakdowns using these setups.

 

Happy Trading.

Hey Save,

All indicators can be found in NT as default. No templates.

Yes it is.

Hollyyyyy S#!T check out USD/JPY. I'm starting to believe....

Hey All,

I lost the PDF for this strategy but here are the nuts and bolts.

 

2/3/4 range chart (varies on market)

HeikenAshi

Stochastics (3,5,3)

EMA 50, 200

Divergence is the name of the game.

Enter once HA turns opposite color (i.e HA currently red when Div signal appears enter 1 tick above green HA with Stop 1 tick under last red HA)

 

http://imageshack.us/photo/my-images/695/63909841.png/

Don't bother check FPA & FF reviews.

2 things which rises a huge red flag:

-The use of looking for the secrets in videos illustrates subjectivity instead of just applying a set of rules in a pdf manner. This leaves open the subjectivity that one can not decipher the secret video hence using the excuse not to refund because you dont get the secret.

-Marketing 101, blast all free public sites with your product and disable comments on youtube....etc

Hey Retry,

Were would the stop be placed behind? Would it be MP (inverse) or pullback after trend exhaustion?

Hey Guys,

Hope you all are receiving Lance newsletters. Great read... (Sorry for the format I cant copy and paste with charts)

 

Examination of a Candlestick Pattern Failure

 

 

 

Monday 25th July 2011

 

 

 

In the recent "What is Price Action Analysis" article I introduced two types of analysis - pattern vs behavioural. The second is the technique I much prefer; observation of the price bars and price swings in order to identify signs of bullish or bearish price behaviour, or signs of strength and weakness.

 

 

 

Let's look at an example from today's GBP/USD charts in which a pattern failure was easily foreseen through strength / weakness analysis.

 

 

 

The intent is not so much to bash pattern analysis or to proclaim strength / weakness analysis as superior (ok, maybe a little). Rather, the intent is to demonstrate how the two can be used together... using strength / weakness analysis on a lower timeframe to examine the internal behavior of patterns. If you're a pattern trader, this approach may assist you in avoiding some of the lower probability pattern based setups.

 

 

 

As stated in many of my blogs, the timeframes and markets displayed here are irrelevant. The concept is applicable across any market and any timeframe, provided sufficient liquidity to ensure smooth price flow.

 

http://www.yourtradingcoach.com/images/stories/blog/jul-2011/25-jul-11-gbp-5-min.jpg

 

http://www.yourtradingcoach.com/images/stories/blog/jul-2011/25-july-11-gbp-1-min.jpg

 

http://www.yourtradingcoach.com/images/stories/blog/jul-2011/25-jul-11-gbp-5-min-2.jpg

Signal did give more then 1:1 on the trade before hitting the stop loss. So as always it will come down to money management. If 1:1 is reached then you could have placed your position at BE+. I've sim for about a month and almost doubled the account. But again using discretion for example CSA plays are riskier so I would be more aggressive with money management. PTS plays are high probability so you can look for at least a 4:1 or as I recently found out primary to secondary stages. I'll keep everyone posted on month #2.

Hey RETRY,

Was the stop hit, if so what now?

 

Thanks.

Thanks RETRY,

I see, the AUD/CHF M10 CSAA play looks great so far:)

Thanks Retry,

Datafeed is definitely a factor. I see what you mean. But in regards to knowing when to cash out. Can you explain when would you cash out? Would you look for the inverse setup. Meaning lets use the current PTS trade (CHF/JPY). On the way south we will look for primary/flip/secondary/cut/pullback. And when we see a pullback or trend exhaustion is this when we would cash out?

Thanks RETRY,

I'll sim trade on a reversal candle pattern if formed. What would look like potential targets for you? I see 94.800-94.500 area as 1st res. 94.100 as possible 2nd target. 3rd lot can be removed @ 90.300.

Hey RETRY,

Did the stop hit? I see a higher high form.

Excellent Thread,

Simply locate potential levels (H1)/ Wait for Price Action indicators (Candlestick pattern in H1)/ Fine tune entries in a smaller TF (i.e 15m,30,...)

R:R should be 2:1

Set Daily goal also 2:1 (meaning goal is 50 pips if reached stop trading, loss should be 25 pips if reached stop trading)

Holy Sh!* Great share man.

What are you trading forex or futures? Check out BMT it's a great learning atmosphere with plenty of strategies.

Thanks all,

 

This definitely should be your first read to everyone. But there's also another strategy with candle technique which I'm really looking for "http://[email protected]/". Can anyone share this one.

Conglo,

You are right it looks cheesy as hell. Check out https://www.finfx.fi/ they look legit. At least with the opinions we have in the US.

Excellent share guys. I knew this was the place to post this query. I knew this ebay strategy was just a rehash as many other are. I'm always looking for new technique's to add to trading. Happy 4th of July to all!!!

 

P.S LOL Jesus to ebay author used to same charts from the Fantail strategy this fool didn't even erase the text.

Thanks Stone,

Yea I'll wait and see what happens. If you haven't you can download YTC bundle i uploaded to help you with your current trading.

Thanks Stone,

Yea I'll wait and see what happens. If you haven't you can download YTC bundle i uploaded to help you with your current trading.

Hey All,

Can anyone get or decipher this strategy!

 

http://[email protected]/ws/eBayISAPI.dll?ViewItem&item=260810553476&ssPageName=STRK:MEWAX:IT

 

(replace @ with a)

 

I got 2 red flags just speaking with the author. First he didn't really give me a breakdown of the methodology i.e Price action, EW etc. Plus he gave me the aggressive hurry buy now before prices goes up sales pitch. Also, a little background IP search came up with a different name then his eb@y ID if maybe an Alias.

 

As for the system, it looks promising as the waves doesn't look that different from STARS system. No indicators besides the MA's. And signal is given by the 5 min chart and entry is done in the 1 min chart. And in the 1 min entry seems to be a V shape entry. Which can mean a pullback entry (i like) or ABC pattern.

 

It may have something to do with GUPPY!