FTSE DP Buy

Hi Everybody,

A perfect DP buy set-up that resulted in a +2.8R profit:

As you can see this was a standard and automatic DP trade set-up. Where the STF strength band was breached, so the trade was managed using the ATRStop. Right out of the Trading manual :-)

Result - a profit of +2.8R

Steve

3min FTSE

The FTSE was also tricky yesterday with this good looking DP buy set-up that I took on my own account yesterday, that did not quite reach the first profit target.

This was one of those times when raising the protective stop to break-even quickly avoided an otherwise losing trade for me.

Thanks and good trading

Steve

3min YM TS3 sell set-up

Here is a good example of a nice trade on the 3min YM from yesterday

Although the initial R/R was 1.9 to 1 at the first profit target, because the down trend was strong (as indicated by the STF being above the strength band) this was a good trade to consider.

The result was a very nice profit of approximately +7.7R !

Welcome

I would like to welcome all to Steve's trading diary Blog.

Here I would like to talk about trade set-ups and and analysis using the MTPredictor ( http://www.mtpredictor.com/ ) trading software program.

Thanks and I hope you enjoy the read.....

Steve Griffiths