Hi Everybody,Isn’t the Cyclical nature of Trading amazing ! After a few hard and tricky days, we then get a massive day like yesterday ! This is what I keep on saying, you will get hard times and quiet times and small losses, and sometimes all will seem against you, but then along comes a day like yesterday. This is what I posted the “How Profits and loses unfold in the real world” to help you see how this really works.
OK, lots to talk about today so let’s start with a nice TS1 sell on the 3min Russell Index. Nothing out of the ordinary here, the 15min Chart was coming down from DP resistance so this was “with” the 15min Trend even though the 3min STF was blue.
Using standard trade management guidelines meant swapping to the ATRStop as the STF strength band was exceeded. The result a nice +6R Profit (ignoring slippage and commission). A nice start to the day.
Thanks, Steve
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