A Simple Trading Strategy for Futures and Forex Trading

[treschan]

Hi Tim,

Found your website yesterday...boy did I need it. It was a pleasant reminder that simple is better. I had veered from that path badly. Anyways, wanted to say I have never seen a retracement drawn from high to high before. Where did you stumble upon that idea?

Thanks,

Miles

[EminiMind]

@treschan Hi Miles, the extension concept is something developed from watching price action and making notes on bull and bear flags. There are a few other traders I've seen use the idea as well. I trade extensions much less frequently than the typical low to high retracement, because if you're not in the trade by the time the extension trades, I is often too late to get into the trend, or at the very least, a lower probability setup.

[TheAnjany]

i like your video

[eastervin]

Hi! Have you heard about the British Box Breakout (search on google)? Ive heard some great things about it and my cooworker earned lots of winning trades.

[TSAUTOTRADER]

if price penetrates the 50% will u still take the long

[EminiMind]

@TSAUTOTRADER I use limit orders so my orders are already set at the 50% level. Typically, even if it ends up failing the long it will get a first target hit and reduce my risk on the trade.