The second trade was a DP buy, that nailed the very low of the day !
As the ES reached the first profit target, the STF was at the strength band, so we swap to the ATRStop. You will notice that the ATRStop dots swapped from blue (below the bars) to red (above) the bar as the market pushed high on a wide range bar at 3:15EST. If this happens then just trail your stop below the bar’s lows. The reason for quick ATRStop swap as because of the very wide range bar.
The result was a very nice +3.8R Profit (ignoring slippage and commission), making over +6R Profit for the day as a whole on the 3min ES.
What a brilliant day, and again a perfect example of the Cyclical Nature of Trading, and how the good times have come round again, exactly as I said they would a few days ago. I keep on going on about this, because it is how markets unfold in the real world, so you all need to be aware of this.
Thanks, Steve
As the ES reached the first profit target, the STF was at the strength band, so we swap to the ATRStop. You will notice that the ATRStop dots swapped from blue (below the bars) to red (above) the bar as the market pushed high on a wide range bar at 3:15EST. If this happens then just trail your stop below the bar’s lows. The reason for quick ATRStop swap as because of the very wide range bar.
The result was a very nice +3.8R Profit (ignoring slippage and commission), making over +6R Profit for the day as a whole on the 3min ES.
What a brilliant day, and again a perfect example of the Cyclical Nature of Trading, and how the good times have come round again, exactly as I said they would a few days ago. I keep on going on about this, because it is how markets unfold in the real world, so you all need to be aware of this.
Thanks, Steve
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