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If Short EWT = Short SMS.....
And LTCT = loss and within 6ATR do you take both trades (providing floating profit)?
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The UTP made this so easy to follow, Blue to blue...stay well clear if there's been a profit....no profit then lets make some $$$$$ (within the 6xATR of course)
Agreed . Guys you are getting the hang of UTP I see. Its great to see other students that have these clear rules in place.
Please also be aware that if you get in on an overlapping EWT/SMS (Should be treated as an EWT) you can't then use the SMS to scale in if the trade goes in your desired direction.
thank you for clarifying!
depends. if you are already in on ewt, you can take sms also. if not, you take only ewt.