YM Scalp x Ticks SL & TP Guidance
Hi
I've been studying Bob Volman's price action technique for the EUR/USD and I'd like to see if I could apply some of these principles to the YM contract.
For EUR/USD I'm using the ProRealtime70 tick chart & a 20 EMA, trading bracket orders with a 10 pip SL & 10 pip TP.
as 1 point is a tick on the YM could one of you YM gurus give me some guidance on a suitable SL/TP target and if possible a reccomended Ticks per candle setting?
if you don't use tick charts a reccomended candle time frame reccomendation would be equally appreciated.
the YM contract seems to have a really nice flow to it so really intrested take any feedback on applying a price action approach to trading it.
Thanks Testpilot..
Hi
I've been studying Bob Volman's price action technique for the EUR/USD and I'd like to see if I could apply some of these principles to the YM contract.
For EUR/USD I'm using the ProRealtime70 tick chart & a 20 EMA, trading bracket orders with a 10 pip SL & 10 pip TP.
as 1 point is a tick on the YM could one of you YM gurus give me some guidance on a suitable SL/TP target and if possible a reccomended Ticks per candle setting?
if you don't use tick charts a reccomended candle time frame reccomendation would be equally appreciated.
the YM contract seems to have a really nice flow to it so really intrested take any feedback on applying a price action approach to trading it.
Thanks Testpilot..
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