Hi Everybody,
After a couple of easier days, where we had some massive profits come in, it was no surprise that yesterday was a little trickier. This is just the natural Cyclical Nature of Trading at work...........
In particular, I would like to look at the TS4 long on the 3min YM. In past post I have suggested that when a trade reaches the DP from the prior wave b that stops should be raised to “at least” break-even. Well, that is what happened yesterday on the 3min YM.
After that, it was a frustrating wit until the close, as the markets just chopped sideways for the rest of the day. But the upside is that on the close there was a small +1.8R Profit (ignoring slippage and commission). So even though it was a hard and frustrating day, there was a profit at the end of it.....
The Russell Index was more interesting, so I will look at this in the Advanced Blog.
Thanks, Steve
After a couple of easier days, where we had some massive profits come in, it was no surprise that yesterday was a little trickier. This is just the natural Cyclical Nature of Trading at work...........
In particular, I would like to look at the TS4 long on the 3min YM. In past post I have suggested that when a trade reaches the DP from the prior wave b that stops should be raised to “at least” break-even. Well, that is what happened yesterday on the 3min YM.
After that, it was a frustrating wit until the close, as the markets just chopped sideways for the rest of the day. But the upside is that on the close there was a small +1.8R Profit (ignoring slippage and commission). So even though it was a hard and frustrating day, there was a profit at the end of it.....
The Russell Index was more interesting, so I will look at this in the Advanced Blog.
Thanks, Steve
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