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  • Trade Management Setup Description

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    Tafadzwa Mukungurutse
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    The document outlines 4 technical market setups for trading futures contracts, ranging from basic to more advanced. Setup #1 involves entering a position at the high or low of the average daily range. Setup #2 looks for crosses of the T3 and 5/34 moving averages and takes the first contract off at half the average daily range. Setup #3 adds a sync of the 50/144 moving averages for a higher probability setup. Setup #4 enters when all indicators align at the same time or the 50/144 trend is very strong. All setups use stops at either the first or second bar, or swing size.

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    Trade Management Setup Description.txt

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    The document outlines 4 technical market setups for trading futures contracts, ranging from basic to more advanced. Setup #1 involves entering a position at the high or low of the average daily range. Setup #2 looks for crosses of the T3 and 5/34 moving averages and takes the first contract off at half the average daily range. Setup #3 adds a sync of the 50/144 moving averages for a higher probability setup. Setup #4 enters when all indicators align at the same time or the 50/144 trend is very strong. All setups use stops at either the first or second bar, or swing size.

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    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views1 page

    Trade Management Setup Description

    Uploaded by

    Tafadzwa Mukungurutse
    The document outlines 4 technical market setups for trading futures contracts, ranging from basic to more advanced. Setup #1 involves entering a position at the high or low of the average daily range. Setup #2 looks for crosses of the T3 and 5/34 moving averages and takes the first contract off at half the average daily range. Setup #3 adds a sync of the 50/144 moving averages for a higher probability setup. Setup #4 enters when all indicators align at the same time or the 50/144 trend is very strong. All setups use stops at either the first or second bar, or swing size.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    TM Setup #1: In and Out � 1/8 of Average Daily Range TARGET � Start with 1

    contract. Progress to 2. Once proficient at identifying the setup; move to setup #2

    TM Setup #2: T3 Cross; 5/34 Cross � 1st contract off @ � of Average Daily Range
    TARGET � �BREAD and BUTTER setup�

    TM Setup #3: T3 Cross; 5/34 Cross; 50/144 in Sync � 1st contract off @ � of
    Average Daily Range TARGET � �Prefered Setup; Higher probability�

    TM Setup #4: T3 Cross; 5/34 Cross; 50/144 in Sync � 1st contract off @ Average
    Daily Range TARGET � When all three line up at same time or 50/144 is clearly in
    TREND and price action TRENDING very strong (Price above 50 and above 144 or vice
    versa).

    Remember�.
    Stop at either Bar #1; Bar #2 or Swing Size. If 50 crossed over 144 and setup is in
    the same trend; stop at swing size has a greater possibility of working out. Never
    a 100% guarantee.

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