I posted BYFC yesterday as a large coil pattern, and Steve added
it last night to the newsletter.
here's an example on Tradestation where I drew the daily pattern
in, but also a much tigher coil on the 60 min chart. You can see I
pre placed a buy stop along with sell stop and targets - this
follows up on that Video I made on Wednesday showing the
Tradestation Tool I've developed. On the daily the higher low is
way down in the upper 2's about 40 cents, however on the 60 min a
MUCH tigher coil 15 cents high can be drawn, which enables a much
tigher stop, notice my stop is near that. Always try to zoom down
to smaller time frames on the daily trade ideas such as a 60 min
chart
BYFC example
Posted by matt on 27th of Aug 2021 at 09:51 am
I posted BYFC yesterday as a large coil pattern, and Steve added it last night to the newsletter.
here's an example on Tradestation where I drew the daily pattern in, but also a much tigher coil on the 60 min chart. You can see I pre placed a buy stop along with sell stop and targets - this follows up on that Video I made on Wednesday showing the Tradestation Tool I've developed. On the daily the higher low is way down in the upper 2's about 40 cents, however on the 60 min a MUCH tigher coil 15 cents high can be drawn, which enables a much tigher stop, notice my stop is near that. Always try to zoom down to smaller time frames on the daily trade ideas such as a 60 min chart
following up with BYFC post
Posted by matt on 27th of Aug 2021 at 01:09 pm
following up with BYFC post
Thanks for the video and
Posted by craigm on 27th of Aug 2021 at 10:13 am
Thanks for the video and posting these examples, I am finding them very helpful on how to better manage trade ideas.