This video focuses on entering trades in the channel with a pullback into the leg and the CP4 scenario, where the entry bar delivers below-expected performance.

Enter and scale in trade low in a trading range

I'm attempting to build an index of trade setups and their management for my research and trading improvement.

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CHART
https://www.tradingview.com/x/WZ5yYyDs/

Notes:
Using Ninjatrader for trade execution and management.
Trading MES futures contract. I think most traders can learn about it and switch to mini when profitable
Chart: MES 4th September 2024
Pattern: Trading range
Speed is 2x, so you can adjust it further.

Key Takeaways:

CP4: The entry bar performs below expectations

Strategic Response: Maintain your position and monitor for a sudden adverse move

Channel Pullback Notations:
CP1: Very good surprise (Add)
CP2: Better than expected (Can add)
CP3: Expected
CP4: Worse than expected (XBE)
CP5: Very bad surprise (Exit)

Understanding how to handle trades that perform as expected is crucial for consistent success in price action trading.

Why Zen Tech Trading? We provide detailed analysis and strategies to help you master price action trading. Whether you're a beginner or an experienced trader, our content is designed to enhance your skills and trading discipline.

MUSIC
Denis Pavlov https://pixabay.com/users/denis-pavlo...