SFT Weak – Use WPT targets

Then a bit later, the converse on the 3min FTSE. A weak STF so use the WPT targets.

Here the result was a nice +4R Profit (ignoring slippage and commission)....

Add that to the +5R on the Dax and the European traders have had a good morning :-)

Steve

SFT Strong – Use ATRStop

Hi Everybody,

A great example of when to use the ATRStop this morning after the TS3 long on the 3min DAX, as the STF strength band was exceeded.

As you can see, this resulted in a nice +5R Profit (ignoring slippage and commission)....

Steve

How long part 2 ?

Now compare this to the DP sell that unfolded a little later. This was filled on the very next bar after the high. I much prefer it when the fill is closer to the turn.

Thanks, Steve

How long ?

Hi Everybody,

The 3min NQ yesterday gave us a very good look at how long you should wait after a signal before you get filled. For example the first TS3 sell late morning had to wait 6 bars before the fill. For me, this is too long. I like to see a trade filled within a few bars of the turn. So I would say that the short should not have been taken and the order cancelled after a few bars after the high.

Thanks, Steve