OK, as we have seen from the 15min ES, the larger degree trend was up, so were there any possible buy setups for the more Advanced Traders among you ?
Yes, look at the 3min YM chart. Here we had DP support on good Stochastic Divergence. This provided a good support zone. The long trade was then off the blue (buy) bar.
The trade was run to new highs when it ran right into DP resistance. With +5R open profit, it would have been a good idea to look to protect this. The result, a nice +5R Profit (ignoring slippage and commission).
Steve
Yes, look at the 3min YM chart. Here we had DP support on good Stochastic Divergence. This provided a good support zone. The long trade was then off the blue (buy) bar.
The trade was run to new highs when it ran right into DP resistance. With +5R open profit, it would have been a good idea to look to protect this. The result, a nice +5R Profit (ignoring slippage and commission).
Steve
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