Hi Everybody,
Amazing how yesterday gave us another perfect example of an almost identical trade from the day before. As you can see, after a -1R loss, then we had a TS4 buy, that nailed the low of the day (we have now done this for 2 days running !). The ES then crept higher until the DP target was reached, where the STF was strong, so we swapped to the ATRStop for a very nice +3.8R Profit (ignoring slippage and commission).
So again, and absolutely perfect example of where patience to let the trade unfold and mature was needed.
The only question camas as some sells unfolded along the way..... But these were “against” the 15min Up trend (next post) so should have been ignored...
So again, the lesson is patience............
Steve
Amazing how yesterday gave us another perfect example of an almost identical trade from the day before. As you can see, after a -1R loss, then we had a TS4 buy, that nailed the low of the day (we have now done this for 2 days running !). The ES then crept higher until the DP target was reached, where the STF was strong, so we swapped to the ATRStop for a very nice +3.8R Profit (ignoring slippage and commission).
So again, and absolutely perfect example of where patience to let the trade unfold and mature was needed.
The only question camas as some sells unfolded along the way..... But these were “against” the 15min Up trend (next post) so should have been ignored...
So again, the lesson is patience............
Steve
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