TRADE SETUPS IN RTY FOR ONE WEEK EXPLAINED
In this video I discuss day by day the trade setups and general results based on the following rules:
TRADE TYPE: 1 MINUTE GOLD LINE:
a) Timeframe for trades - 9:45AM - 10:30AM EST The time can be pushed out in more robust trading seasons
b) Recent High/Low from channel break before pullback to the gold line
c) Smooth pullback from high/low to gold line. (Longs: candle to the left has higher or equal high)
d) (prefer room from trade entry to pivot high/low from pullback)
e) Entry 1 tick above/below the last closed candle that touches the gold line.
TRADE TYPE: 5 MINUTE RED LINE:
a) Timeframe for trades 10 AM - 12 AM The time to start should be push to later when the market is more active, ie not summer trading lulls.
b) recent high/low before pullback (channel break)
c) relative smooth pullback, ie deliberate but does not have to be as smooth as the 1 min gold line
d) same entry rules as above
Below are the times that each day is discussed
8:14 - Tuesday July 23rd discussed
21:39 - Wednesday July 24th discussed
35:21 - Thursday July 25th discussed
47:20 - Friday July 26th discussed
1:01:00 - Monday July 29th discussed
Indicators (Ninja Trader Names):
1) Bar Timer
2) Current Day OHL
3) EMA set at 9 periods
4) SMA set to 105 periods
5) Donchian Channel at 60 period
&
6) SWING indicator with period 5 if you want to view pivot swings for breaks against your trade direction
All on a one minute chart
All my trades are taken with Ninja Trader platform that is offered for free with Apex Trader Funding Prop firm account.
Apex Trader Funding Affiliate Code: AGIBQTJY
Link to Apex Trader Funding: https://apextraderfunding.com/member/...
Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Hypothetical performance results have many inherent limitations, some of which are described below.
No representation is being made that any account will or is likely to achieve profits or losses similar to
those shown; in fact, there are frequently sharp differences between hypothetical performance results
and the actual results subsequently achieved by any particular trading program. One of the limitations of
hypothetical performance results is that they are generally prepared with the benefit of hindsight. In
addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can
completely account for the impact of financial risk of actual trading. for example, the ability to withstand
losses or to adhere to a particular trading program in spite of trading losses are material points which
can also adversely affect actual trading results. There are numerous other factors related to the markets
in general or to the implementation of any specific trading program which cannot be fully accounted for
in the preparation of hypothetical performance results and all which can adversely affect trading results.
This presentation is for educational purposes only and the opinions expressed are those of the presenter
only. All trades presented should be considered hypothetical and should not be expected to be replicated
in a live trading account.
This presentation is for educational purposes only and the opinions expressed are those of the presenter
only. All trades presented should be considered hypothetical and should not be expected to be replicated
in a live trading account.