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. 

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