As you all know, trading goes in cycles, this is what I call the Cyclical Nature of Trading. The Standard Traders among you have had a hard time recently, but that all changed on Friday, when we had some brilliant standard and automatic trades on the 3min YM.
Let’s start with the TS4 sell at 12:24EST. This nailed the high perfectly, just before the YM declined sharply. Even at the DP target there was approx +6.4R Profit (ignoring slippage and commission). What brilliant start to the day, but it did not stop there ! See the next post.
Thanks, Steve