Hi Everybody,
Today I would like to start with the 3min Russell Index on Friday.
As you can see, we got an automatic DP sell that nailed the high of the day for you ! I will let you all take a look at the 15mion Charts yourself, but needless to say, this was also at 15min DP resistance, so was a good trade to take. The Russell decline nicely, so the only question was when to get out.
This is why I always keep an eye on other related markets. As the high vole (VSA) bar came in, the YM (in particular) was at DP support. This was an indication that a low was unfolding. So it was sensible to look to lock in a nice +7R Profit (ignoring slippage and commission) at that stage......
Thanks
Steve
Today I would like to start with the 3min Russell Index on Friday.
As you can see, we got an automatic DP sell that nailed the high of the day for you ! I will let you all take a look at the 15mion Charts yourself, but needless to say, this was also at 15min DP resistance, so was a good trade to take. The Russell decline nicely, so the only question was when to get out.
This is why I always keep an eye on other related markets. As the high vole (VSA) bar came in, the YM (in particular) was at DP support. This was an indication that a low was unfolding. So it was sensible to look to lock in a nice +7R Profit (ignoring slippage and commission) at that stage......
Thanks
Steve
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