Hi Everybody,
Yesterday was yet another great example of a trade unfolding on the 5min Charts, as well as the 3min charts.
Here this TS3 buy on the 5min Dax turned out brilliantly. With the STF strong, normally I would suggest just using the ATRStop for trade management. But when you are at larger degree resistance (not show) “and” you are sitting on almost +10R Profit (ignoring slippage and commission), then common sense tells you to protect a profit this large.
Along with the FTSE wave 5 low (earlier post) yesterday was a very good day for the European traders among you
Thanks, Steve
Yesterday was yet another great example of a trade unfolding on the 5min Charts, as well as the 3min charts.
Here this TS3 buy on the 5min Dax turned out brilliantly. With the STF strong, normally I would suggest just using the ATRStop for trade management. But when you are at larger degree resistance (not show) “and” you are sitting on almost +10R Profit (ignoring slippage and commission), then common sense tells you to protect a profit this large.
Along with the FTSE wave 5 low (earlier post) yesterday was a very good day for the European traders among you
Thanks, Steve
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