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PRT P ivot R e T ags. 4 Levels of PRTs Trading Ideas Watch for key levels where the market might turn but do not enter at these levels Look for a ABC/123.

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Presentation on theme: "PRT P ivot R e T ags. 4 Levels of PRTs Trading Ideas Watch for key levels where the market might turn but do not enter at these levels Look for a ABC/123."— Presentation transcript:

1 PRT P ivot R e T ags

2 4 Levels of PRTs

3

4 Trading Ideas Watch for key levels where the market might turn but do not enter at these levels Look for a ABC/123 formation or a DT/DB before entry Use room signal A trend is intact as long as HH/HL or LH/LL remains intact AND price doesn’t violate a PRT 4 by 1 closed bars Expect price to retrace to some PRT level; watch them all. Oftentimes the amount of retracement to a PRT might be excessive; exit and re-enter The market will sometimes turn in NML. Do not freak out just hold the course until bullet 4 above is violated. High volume E2s also act as PRTs

5 The Waterfall

6 The Geyser

7 Summary Know the 4 levels of PRTs. They are everywhere and they should be used in entering and managing your trade. Local PRTs carry the most weight but outside levels are very valid. I don’t enter at top or bottom of swing. I wait for ABC/123 formation that normally involves a PRT of some level. A trend is intact as long as HH/HL or LH/LL remains intact AND price doesn’t violate a PRT 4 by 1 closed bars Adjust your stops (and your profit targets too) after you see that this works for you.

8 Cycling

9 Questions What does it mean when price turns in NML? Make sure to check the longer term chart. Is a HV E2 a proxy for a PRT? Which ones Is this method valid in high volatility and low volatility environments On any given day, the median swing size on 5 brick chart is 50-80 ticks. How big should your stop be to catch most of that????


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