Hi Everybody,
Good to be back and I see that we had some good trades while I was away. Looking over Friday, I see that if you were careful and logical you should have had a god day. Let’s start by looking at the 3min YM to show you what I mean.
Here, the first TS4 buy would have probably been stopped out for break-even. Then comes the frustrating bit, where the TS3 buy at 11:36EST was stopped out for a -1R loss by just 1 tick. This is when Amateur traders fall down as they would have got frustrated and then would have missed the TS3 buy on the Russell Index that unfolded just after this. I will take a look at this in my next post.
Thanks, Steve
Good to be back and I see that we had some good trades while I was away. Looking over Friday, I see that if you were careful and logical you should have had a god day. Let’s start by looking at the 3min YM to show you what I mean.
Here, the first TS4 buy would have probably been stopped out for break-even. Then comes the frustrating bit, where the TS3 buy at 11:36EST was stopped out for a -1R loss by just 1 tick. This is when Amateur traders fall down as they would have got frustrated and then would have missed the TS3 buy on the Russell Index that unfolded just after this. I will take a look at this in my next post.
Thanks, Steve
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