Break Even Day Using Code 6
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https://www.daytradingthechart.com/
First I entered into a trade based upon the parameters of Code 6, attempting to catch the bottom of the chart and to hold long. I was up 200 ticks and it came down to my break even stop I set in place. So afterward a Code 6 short signal happened and I took it short, only to get back out break even because I needed to leave at that time. As it turned out the trade did not make it to the 80 tick exit it came 6 ticks shy of this. So realize that Code 6 does a minimum of 60 ticks, and 50 ticks would be considered virtually 100% math. You can however hit big trades with Code 6, combine that with Code 5 and hold Code 6 trades on Code 5 days....I'll be back with more videos....
Happy Trading,
David
https://www.daytradingthechart.com/
[email protected]
First I entered into a trade based upon the parameters of Code 6, attempting to catch the bottom of the chart and to hold long. I was up 200 ticks and it came down to my break even stop I set in place. So afterward a Code 6 short signal happened and I took it short, only to get back out break even because I needed to leave at that time. As it turned out the trade did not make it to the 80 tick exit it came 6 ticks shy of this. So realize that Code 6 does a minimum of 60 ticks, and 50 ticks would be considered virtually 100% math. You can however hit big trades with Code 6, combine that with Code 5 and hold Code 6 trades on Code 5 days....I'll be back with more videos....
Happy Trading,
David
https://www.daytradingthechart.com/
[email protected]