Hi Everybody,
Well, I did say in yesterdays post that we were now overdue for some nice profits, and that is exactly what we got on the 3min YM ! As you can see, this TS4 buy setup nailed the low of the day for you. The YM then rallied all day to reach the first target just before close, but as the STF was strong, the ATRStop was used to hold the long trade into the close.
One trade and one bib profit of +5.4R (ignoring slippage and commission) – brilliant !
Now are you all starting to understand the Cyclical Nature of Trading, and how profits and losses go in cycles. I have seen this day after day for over 20 years. This is why I spend so much time trying to educate you all how the markets unfold in the “real world”. That is why yesterday I knew that after a harder period we were due for a nice profit – and that is exactly what unfolded !
Thanks, Steve
Well, I did say in yesterdays post that we were now overdue for some nice profits, and that is exactly what we got on the 3min YM ! As you can see, this TS4 buy setup nailed the low of the day for you. The YM then rallied all day to reach the first target just before close, but as the STF was strong, the ATRStop was used to hold the long trade into the close.
One trade and one bib profit of +5.4R (ignoring slippage and commission) – brilliant !
Now are you all starting to understand the Cyclical Nature of Trading, and how profits and losses go in cycles. I have seen this day after day for over 20 years. This is why I spend so much time trying to educate you all how the markets unfold in the “real world”. That is why yesterday I knew that after a harder period we were due for a nice profit – and that is exactly what unfolded !
Thanks, Steve
Posts
