French CAC40 – TS3 long, the result

Hi Everybody,

Here is the result of that TS3 long trade – a nice +8R Profit (ignoring slippage and commission).

This was managed using the standard guidelines of switching to the ATRStop once the STF strength band had been exceeded

Thanks

Steve

PS, just after this long trade was stopped out, we got another TS3 buy, that result in +4.9R Profit, so it has been a very good day on the CAC today :-)

French CAC40 – TS3 long

Hi Everybody,

One for the European traders here...............

Earlier this morning the CAC40 (French Stock market) gave a TS3 buy set-up. But what I also liked about this was that this was also on one of our high volume spike’s (VSA). This gave added weight to the trade.

So let’s see how this unfolds......

Thanks

Steve

FOREX – GBP 60min Chart

But this comes on the back of a nice TS4 buy we had a while ago. As you can see this made a nice profit of approx. +3.9R (ignoring slippage and commission) as profit was taken at the latest TS4 sell setup

Thanks

Steve

FOREX – GBP 60min Chart

Hi Everybody,

I was asked a question on a GBPUSD 60min chart and what to do when there is no clear trend on the larger degree chart (240 and 480 min in this case) ?

Well, when the larger degree chart is either flat (as in this case) or the trend is not clear you can play both sides of the market, but be a little more cautious. In other words look to bring your protective stop closer to the market quicker than normal. This usually means the 100% initial risk level.

In this case, the3 latest TS4 sell would have been stopped out for break-even.

Thanks

Steve