As you can see from the chart, we got a DP buy, that nailed the low of the day for us ! so this was a good one to consider as it was also at 15min DP support (last post).
Notice how this long was not stopped out, so there was only one trade here, even though we had a history triangle (remember, these are “filled” and not “failed” trades) and a full DP Label.
The ES rallied for the rest of the day to reach the DP target, where the STF exceeded its strength band, so the Standard Traders swap to the ATRStop. The end result was a very nice +2.5R Profit (ignoring slippage and commission).
Thanks, Steve
Notice how this long was not stopped out, so there was only one trade here, even though we had a history triangle (remember, these are “filled” and not “failed” trades) and a full DP Label.
The ES rallied for the rest of the day to reach the DP target, where the STF exceeded its strength band, so the Standard Traders swap to the ATRStop. The end result was a very nice +2.5R Profit (ignoring slippage and commission).
Thanks, Steve
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