ADOBE – US Stock

Hi Everybody,

Just a quickly update on Adobe, a US Stocks that I mentioned a few days ago on the Blog.

As you can see Adobe has just reached its first Profit target after the TS3 Buy on July 8. With the Profit at this level a massive +7R, this is turning out to be a very nice trade indeed......

Thanks

Steve

3min YM Chart

Hi Everybody,

Friday was an interesting day with some sells as well as buys on the short-term US Indicates. A good example is on the 3min YM, see chart.

The easiest was the TS4 buy later in the day, as that went straight up into the close for a nice +2.4R Profit (ignoring slippage and commission). I also like how the setup unfolded on a VSA high volume spike as well....

The TS3 sell earlier in the day was slightly trickier on the trade management, with the question being whether to use the 100% initial risk break-even guideline. So at worst case this would have been a -1R loss, which is smaller than the +2.4R Profit on the TS4 buy (above). Small losses and Big profits – the key to successful trading....

Also notice how the DP nailed the high of the day for you as well :-)

Thanks

Steve