A trade is only triggered when a specific price action pattern confirms momentum within that trend. A common rule is that the "setup bar" must close in the top 25% of its range for a long trade or the bottom 25% for a short trade.
For a long trade, enter one tick above the high of the setup bar on the following candle.
Chart Source code. 802 61. From Now, i will list strategies as UCS _S_ & Indicators will be UCS_I_ This is a short term Pullback / TradingView UCS_S_Steve Primo - Strategy 4 - TradingView steve primo strategy 4 pdf
Stops are generally placed below the low of the setup bar for long positions. Why Traders Seek the PDF
is a momentum-based trading method designed to capture quick, short-term moves in any market or timeframe. Developed by veteran floor trader Steven Primo, this strategy relies on a simple set of rules—often refined into a PDF guide for students—to identify high-probability entries where trend and momentum align. Core Principles of Strategy #4 A trade is only triggered when a specific
According to details often found in the and related training materials from Pro Trader Strategies :
Look for a bar that closes in the upper 25% of its daily range (for longs) or lower 25% (for shorts). Chart Source code
A standard target is often calculated as one times the length of the setup bar (1:1 risk/reward), with a secondary target at two times the bar length.