As usual, the more Advanced Traders among you could have squeezed some more profit out of that YM short – how ?
Well, as you can see, the YM declined into an area where it was at two WPT support zones, one from the original TS3 sell, and one from the swings since then. Also, the YM made a high volume expansion bar into this double support zone. This is normally an indication off a “blow off” and that a move is nearing an end.
Will all this happening “and” you are sitting on +10R Profit (ignoring slippage and commission), what do you think the sensible course of action is – exactly, look to tighten your stop to lock in this huge profit.....
Thanks, Steve
Well, as you can see, the YM declined into an area where it was at two WPT support zones, one from the original TS3 sell, and one from the swings since then. Also, the YM made a high volume expansion bar into this double support zone. This is normally an indication off a “blow off” and that a move is nearing an end.
Will all this happening “and” you are sitting on +10R Profit (ignoring slippage and commission), what do you think the sensible course of action is – exactly, look to tighten your stop to lock in this huge profit.....
Thanks, Steve
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