Description
What is the Pinball Set-Up?
It is a short term counter trend strategy which means you are trading against the prevailing trend. The set-up appears during a significant downtrend and after selling pressure is exhausted. Buyers step in and drive the price higher but only for 2-5 days. As price approaches the predefined target, traders take profits and price usually resumes the downtrend. If you follow the rules, you take your profits before the downtrend resumes.
The Pinball Set-Up product includes a comprehensive eBook and a downloadable 2 hour webinar recording. The eBook contains:
- Detail on the 4 rules for Chart Set-up
- Detail on the 4 rules for the Trade Set-up which include entry, exit and stop loss rules
- Examples of Pinball Set-Up trades with detailed narrative on how to trade the set-up
- Exercises to practice trading and identifying the Pinball-Set-Up
- Scan formulas that help you to find potential Pinball Set-Ups