After ..............

Here is the result, a nice +5R Profit as the DAX rallied nicely to reach the opposing DP target where a potential +5R Profit was available

Again, this is for the Advanced Traders among you.

Thanks

Steve

Before..............

Hi Everybody,

For the Advanced Traders among you.

Here is a potential setup on the 5min Dax, where we have a VSA, high volume spike, bar that has immediately been followed by a blue (buy) reversal bar at DP support. As such, this is a potential low coming here.

The profit target is the “opposing DP” where a potential +5R is available

So let’s see how this unfolds............

Steve

Daily S&P reaches initial target

Hi Everybody,

Well, after 2 months, the S&P has rallied nicely, and has now reached its initial upside target form the Mar 6 low (which came in right at the DP support zone).

So does this mean that we are now going to make a high, and we should be looking for short trades ? Well, not necessarily, all it means is that we have reached the initial target for the rally from the Mar 6 low.

Thanks, Steve

A hard day on Monday

Hi Everybody,

After a few very good days, yesterday was a lot harder, but then this is just the natural cyclical nature of trading – after a few good days, we were overdue for a harder day with less trades.

Having said that, just before close we did get a TS4 but setup that did make the first profit target for +2.4R Profit (ignoring slippage and commission).

But overall, it was a hard day yesterday on the US minis

Thanks, Steve