Later in the Day there was a brilliant “manual” DP sell on the 3min YM.
As you can see, this nailed the high of the day absolutely perfectly.............. The YM then declined into DP support, just before the close, for a very nice +3.6R Profit (ignoring slippage and commission).
Yes this was a “manual” DP level so is for the more Advanced users among you. But do you all see how this profit, at +3.6R is much bigger than the -1R loss from the NQ example below. Small losses and Big Profits, this is the key to long term trading success.........
Thanks
Steve
As you can see, this nailed the high of the day absolutely perfectly.............. The YM then declined into DP support, just before the close, for a very nice +3.6R Profit (ignoring slippage and commission).
Yes this was a “manual” DP level so is for the more Advanced users among you. But do you all see how this profit, at +3.6R is much bigger than the -1R loss from the NQ example below. Small losses and Big Profits, this is the key to long term trading success.........
Thanks
Steve
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