Later in the day there was another example of a history triangle appearing when the market made a double top. This is exactly the same as the situation I covered in detail in yesterdays post.
The end result was a nice +2.8R Profit (ignoring slippage and commission) as the YM declined into the first target. Yes, it would have been nice to catch all yesterday fall, but +2.8R added to the +1.5R form earlier meant yesterday was a good profitable day, and that is what the Professional traders among you will be focusing on, not the “what ifs” ! Remember, we are here to make money, and that does not require us to catch every swing in the market. Amateur Traders seem to forget this sometimes.
Thanks, Steve
The end result was a nice +2.8R Profit (ignoring slippage and commission) as the YM declined into the first target. Yes, it would have been nice to catch all yesterday fall, but +2.8R added to the +1.5R form earlier meant yesterday was a good profitable day, and that is what the Professional traders among you will be focusing on, not the “what ifs” ! Remember, we are here to make money, and that does not require us to catch every swing in the market. Amateur Traders seem to forget this sometimes.
Thanks, Steve
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