Another good day..........

Hi Everybody,

Now do you all see why I go on about the Cyclical Nature of Trading so much – after a few hard days, we are now having a run of good and very profitable days ! This is how trading goes in the real world, the good times are followed by harder and quieter times, before the good times come round again........

Please remember to follow the 5min Charts as well as the 3min Charts, the 5min YM was a great example yesterday, where we had a -1R loss (which was only stopped out by 1 tick !) followed by a lovely TS4 sell that nailed the high of the day perfectly !

Using the Standard Trade Management guidelines would have swapped to the ATRStop as the STF was strong, for a nice +5R Profit (ignoring slippage and commission).............

So -1R and then +5R = +4R Profit overall – a good result !

Thanks, Steve

Yep, you guessed it, the Advanced Trader could have done a little better.....