Hi Everybody,
Pop Quiz – what should you expect on the day “following” a wide range day (like Tuesday) ? Exactly – a narrow range and choppy day with small swings. And that is exactly what unfolded yesterday (wednesday).
So how should you trade these types of days? (I have mentioned this a number of time before). Exactly, look to bank profits earlier, and even take both sides of the market (longs and shorts)
On the ES, this meant one nice DP long trade (that nailed the low of the day !) for a nice +2.9R Profit (ignoring slippage and commission)
Thanks, Steve
Pop Quiz – what should you expect on the day “following” a wide range day (like Tuesday) ? Exactly – a narrow range and choppy day with small swings. And that is exactly what unfolded yesterday (wednesday).
So how should you trade these types of days? (I have mentioned this a number of time before). Exactly, look to bank profits earlier, and even take both sides of the market (longs and shorts)
On the ES, this meant one nice DP long trade (that nailed the low of the day !) for a nice +2.9R Profit (ignoring slippage and commission)
Thanks, Steve
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