Hi Everybody,
I was out of the office yesterday, so could not post. But Wednesday was another good day on the US eminis with some very nice trades, the best of which was the TS4 buy that unfolded late in the day on the 3min ES.
As you can see, this results in a nice +6.5R Profit as the ES rallied strongly into the close.
Note how we swapped to use the ATRStop (which held the long into the close) once the STF had exceeded its strength band. This is our standard trade management guidelines.
Thanks
Steve
PS. It is always important to remember that although this was a good trade, losses can and do unfold. But because we use correct Position Sizing, these are kept small as just -1R. So even with 2 or 3 losses, the +6.5R profit on the trade shown here would more than cover 2 or 3 losses. But I just wanted to make sure that everybody does understand that any methodology will have losses. The trick is to keep these inevitable losses small and the profit large.
I was out of the office yesterday, so could not post. But Wednesday was another good day on the US eminis with some very nice trades, the best of which was the TS4 buy that unfolded late in the day on the 3min ES.
As you can see, this results in a nice +6.5R Profit as the ES rallied strongly into the close.
Note how we swapped to use the ATRStop (which held the long into the close) once the STF had exceeded its strength band. This is our standard trade management guidelines.
Thanks
Steve
PS. It is always important to remember that although this was a good trade, losses can and do unfold. But because we use correct Position Sizing, these are kept small as just -1R. So even with 2 or 3 losses, the +6.5R profit on the trade shown here would more than cover 2 or 3 losses. But I just wanted to make sure that everybody does understand that any methodology will have losses. The trick is to keep these inevitable losses small and the profit large.
Posts
