Hi Everybody,
After a very quiet day on Thursday, Friday came in with some brilliant trades, for example, let’s take a look at the 3min YM.
The day started with a TS3 sell, that would have been stopped out for break-even. But the trade that got my interest was the TS4 buy at 12:45EST. As you can see, that nailed the low just before a very strong rally. As the YM reached the first projected profit target, the STF was strong so standard traders would have swapped to the ATRStop. This held the long trade for a massive +8.5R Profit (ignoring slippage and commission ! What a brilliant trade !
Then we had another TS4 buy later in the day that would have made approx. +1.7R (ignoring slippage and commission) on the close. So Friday should have been a +10R day for the standard traders among you. So now are you starting to see how markets unfold in the real world, and why you should not get frustrated or bored during the quiet times, because massive days like this will be just round the corner !!
In MTPredictor you have the tools to keep the losses small during the quiet times, that keep you in the game so you are ready to make the most of massive trades like this.
Thanks, Steve
After a very quiet day on Thursday, Friday came in with some brilliant trades, for example, let’s take a look at the 3min YM.
The day started with a TS3 sell, that would have been stopped out for break-even. But the trade that got my interest was the TS4 buy at 12:45EST. As you can see, that nailed the low just before a very strong rally. As the YM reached the first projected profit target, the STF was strong so standard traders would have swapped to the ATRStop. This held the long trade for a massive +8.5R Profit (ignoring slippage and commission ! What a brilliant trade !
Then we had another TS4 buy later in the day that would have made approx. +1.7R (ignoring slippage and commission) on the close. So Friday should have been a +10R day for the standard traders among you. So now are you starting to see how markets unfold in the real world, and why you should not get frustrated or bored during the quiet times, because massive days like this will be just round the corner !!
In MTPredictor you have the tools to keep the losses small during the quiet times, that keep you in the game so you are ready to make the most of massive trades like this.
Thanks, Steve
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