RJ Hamster
30 Handles. Three Entries. One Chart.
Don here…
Tony Rago hosted this afternoon’s session and walked through something most traders never see live.
A short on the NQ that took three separate entries to finally pay off.
Plus thirty handles on the trade that worked, with two break-even stop-outs along the way.
The ATR sat at 28. Every two-minute candle moved an average of 30 points. Tony called that environment a $600 blackjack table for anyone trading without an edge.
He stepped down to the micros and showed exactly how to keep getting reps when risk gets too high to push size.
Be sure to add the event to your calendar and see how he turns these levels into trades.
In today’s Live Trading Room session replay, you’ll see:
- The 1.5x ATR stop rule and why Tony refused to apply it today. A 45 handle stop on the NQ runs $900 per contract. The micros let him keep getting reps at a fraction of that risk.
- The gold level entry rule that filters every Tony Rago trade. He only takes entries at specific gold levels on the chart. Every other price gets ignored, which killed dozens of marginal setups in real time.
- The auto break-even stop loss that saved capital twice on the same idea. Five handles in his favor flips the stop to even. Choppy NQ tapes will chew through accounts without that protection.
- The opening range break and retest Tony called the layup of the day. The NQ tagged the bottom of the retest cleanly and ran 70 handles. He missed it, said so out loud, and broke down exactly why.
Tony also showed how his price schematic actually works in live time.
Below the round number, look for the 88. Below the 88, look for the 77. Below the 77, look for the 62. That roadmap turned three losing entries into a winning sequence by the close.
To your success,
Don Kaufman
Chief Market Strategist, TheoTRADE
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