Trade Management using a 13-Range Chart for Day Trading Futures Contracts

Your Trade Management for the 13 range:

We talked about this today in our live day trading room.  As a member of SchoolOfTrade.com you will be trained on takign trades on ANY market, and ANY timeframe.

here is an example of how you would execute and manage a trade using a 13-range chart.

Here is a video on using range charts & different chart types we use in our trading.

– Stop = 12 ticks

– Targets = 8/16/Runner

– 4 contract trade

o ½ off at target #1

 Move stop to entry +1 tick

o ¼ off at target #2

 Move to our trade management chart to manage the runner

o ¼ off at target #3

 Green POT = Mechanical approach

 RED POT = Discretionary approach

Buying the HIGHS are always higher risk trades

– We look for MORE confirmation to buy those highs

– GREEN Pace of Tape = VERY FAST SPEED

o Need GREEN POT @ HOD/LOD to trade into those levels