Post questions answers for anything related to trade setups and systems
27/02/2010 05:57:29
Tom Leeson
Administrator
Posts: 661
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The trade entry set up as show in Figure 1:
1. A clear downtrend
2. A trend line break to the upside
3. A bull flag continuation pattern
4. Go long above the high of the bar that breaks the flag to the
upside
This set up is valid in any market on any time frame. Although this
set up discussed in the long direction, it works equally well or better in
the short direction.
Setting up the trade management rules in NinjaTrader as show in chart
1. Set up a stop loss of 8 ticks
2. Set up a profit target of 24 ticks
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MicroTrends tom
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