Hello Everyone, Â
This is my 1st contribution and its a great one :D. I've learned so much from YTC, the scalper is not my cup of tea but you may get something out of it. I also suggest subscribing to there newsletter (free) because it is golden information. I'm currently trying to wrap my head around the STARsystem but this forum is a wealth of information also. If your new or even a veteran you will find YTC a great tool in your trading arsenal. Â
http://www.m3diafir3.com/?cm2s6o16cxa3apb Â
Happy Trading,
Ninja. Â
P.S. Leave a lot of thanks, its good for my ego :)
It's rather simple, if you take the time out to watch your charts on shorter time frames, you will see multiple set ups come together and take place right before your very eyes. Â
1. When all the conditions have been met for a trade, a green signal line will be placed on your chart. If the green line is plotted above current price, it is going to be a buy trade, plotted below current price, sell trade. Most of the time, I enter these trades with stop orders placed at the green signal lines, so I don't have to continuously watch my screens. Â
2. A yellow arrow is plotted on the active bar at the precise moment when price breaks through the green signal line. The arrow is signifying that a trade set up has been initiated, and it is pointing out the exact price bar which broke through the green signal line. Â
3. Once the green signal line is broken, the indicator automatically plots SL and TP price points on the indicator. If you entered a trade as per the suggestions from the indicator, you would simply adjust your SL and TPs to reflect what is posted on your chart. Â
4. As per orange arrows, please read my two posts prior to this reply. Â
This is not a difficult program to use, practice it on a demo account before you go live. Â
This week, I am up 12%+ on my live account from Dukascopy and I still have 3 trading days left! Â
Hope the information helps =)