Thursday 9 September 2010

+9R Profit on the DAX


Hi Everybody,

Just because the US e-minis have been quiet, it does not mean that all markets have been. Here is a brilliant long trade off an automatic DP buy that has just made +9R Profit on the 3min Dax just this morning !

As you can see, first we had a -1R loss. But (as usual) this loss was kept small and under control, then the automatic DP had you long from the low, after which a strong rally unfolded. As the first target was reached, the STF was strong, so standard traders would have swapped to the ATRStop. This held you long as the Dax continued to rally.....

The result was a massive +9.2R Profit (ignoring slippage and commission).........

Amazing – and all from a standard and automatic setup !!

A quiet day

Hi Everybody,

It was a quiet day on the US e-minis yesterday, but as we all know, because of the Cyclical Nature of Trading quiet days do unfold.

On quiet days I look to use more “manual” and “Advanced” techniques to uncover additional trades. Please see the Advanced Blog to see a High Volume (VSA) spike trade that I was following myself on the 3min FTSE yesterday. This shows what is possible with the tools you already have in the software.......

Thanks, Steve