Hi Everybody,
After all the excitement on Friday, it was no surprise that yesterday (Monday) was a quiet. This is just the Cyclical Nature of Trading at work again.
Today I would like to remind all the Standard Traders among you to use the STF for their “trend direction”. Advanced Traders can override this, when the pattern is correct, but in the early days the STF will keep you in the right direction most of the time. For example the two sells on the 3min YM yesterday should both have been avoided as the STF was blue.
Thanks, Steve
After all the excitement on Friday, it was no surprise that yesterday (Monday) was a quiet. This is just the Cyclical Nature of Trading at work again.
Today I would like to remind all the Standard Traders among you to use the STF for their “trend direction”. Advanced Traders can override this, when the pattern is correct, but in the early days the STF will keep you in the right direction most of the time. For example the two sells on the 3min YM yesterday should both have been avoided as the STF was blue.
Thanks, Steve
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