Nice little pullback from the highs, however it was perfectly
setup for a short trigger on a 10 and 15 min ES chart using our
simple concepts of price action with the help of a few indicators.
I made a short educational video discussing the trade
Thank you for this short video. I am paper trading this system,
but was away when it triggered (doh!). One question: in your
original video you talked about the trigger being 1/2 the body, not
1/2 the range. Are you still using that?
I know that Steve uses 1/2 the range on the cash indexes and
stocks, for me pesronally I've found using 1/2 the body at certain
times is better ON THE FUTURES on these short time frames 5, 10,
15, 20 min charts for example. Now for cash SPX I use the
range and on larger time frames. I haven't quantified that,
it's just form experience and practicing it.
you have to trade or paper trade something for a while to get a
feel for it
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here's an educational video on a recent ES RVM setup
Posted by matt on 3rd of Sep 2015 at 11:52 am
Nice little pullback from the highs, however it was perfectly setup for a short trigger on a 10 and 15 min ES chart using our simple concepts of price action with the help of a few indicators. I made a short educational video discussing the trade
CLICK HERE to watch the video
Thank you for this short
Posted by frtaylor on 3rd of Sep 2015 at 11:59 am
Thank you for this short video. I am paper trading this system, but was away when it triggered (doh!). One question: in your original video you talked about the trigger being 1/2 the body, not 1/2 the range. Are you still using that?
I know that Steve uses
Posted by matt on 3rd of Sep 2015 at 12:10 pm
I know that Steve uses 1/2 the range on the cash indexes and stocks, for me pesronally I've found using 1/2 the body at certain times is better ON THE FUTURES on these short time frames 5, 10, 15, 20 min charts for example. Now for cash SPX I use the range and on larger time frames. I haven't quantified that, it's just form experience and practicing it.
you have to trade or paper trade something for a while to get a feel for it