And that is exactly what unfolded, just as the Wave 4 low was coming in on the 5min NQ chart, we had an automatic TS3 (abc correction) buy on the 3min Chart. This got you long just before the sharp rally !
Standard traders would have used the ATRStop as the STF strength band was exceeded for a nice +8R Profit (approx and ignoring slippage and commission). But the Advanced Traders among you will have noticed that the rally bumped right into the higher DP resistance zone. At that time you were sitting on a massive +10.5R Profit, so what was the sensible thing to do ? Exactly, look to tighten stops and protect this massive profit....
But do you all see how this TS3 buy was logical and “fitted in” with the 5min chart and as such was one that you all should have caught. And what a brilliant trade it was :-)
Steve
Standard traders would have used the ATRStop as the STF strength band was exceeded for a nice +8R Profit (approx and ignoring slippage and commission). But the Advanced Traders among you will have noticed that the rally bumped right into the higher DP resistance zone. At that time you were sitting on a massive +10.5R Profit, so what was the sensible thing to do ? Exactly, look to tighten stops and protect this massive profit....
But do you all see how this TS3 buy was logical and “fitted in” with the 5min chart and as such was one that you all should have caught. And what a brilliant trade it was :-)
Steve
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