This was an absolutely perfect example of the high volume (VSA) trade setup. Notice how the VSA bar was a break of a very obvious level (this is what I look for) and then how the DP nailed the high perfectly. And all of this on Stochastic divergence (not shown). As such this was a perfect and brilliant example of the VSA setup, and why it was such a good one to consider a “stop and reverse” from the 5min long trade.
The ES then declined nicely for a nice +3R Profit (ignoring slippage and commission)
Thanks
Steve
PS, after a slow start this was a good end to the week. Yet another perfect example of the Cyclical Nature of Trading, so what should we be starting to prepare for after a good (and very profitable) few days ?
The ES then declined nicely for a nice +3R Profit (ignoring slippage and commission)
Thanks
Steve
PS, after a slow start this was a good end to the week. Yet another perfect example of the Cyclical Nature of Trading, so what should we be starting to prepare for after a good (and very profitable) few days ?
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