Hi Everybody,
After a few quiet days it was nice to see this TS4 sell on the 5min YM nails the high of the day, right before a sharp fall. AS you can see, this short trade nailed this decline in the 5min YM perfectly.
As the YM got to the first projected Profit target, the STF was strong (beyond its strength band), so standard traders would have swapped to the ATRStop. This held the short trade for a very nice +5R Profit (ignoring slippage and commission).
But what amazed me was where the decline stopped, please see the Advanced Blog for this.
Thanks, Steve
After a few quiet days it was nice to see this TS4 sell on the 5min YM nails the high of the day, right before a sharp fall. AS you can see, this short trade nailed this decline in the 5min YM perfectly.
As the YM got to the first projected Profit target, the STF was strong (beyond its strength band), so standard traders would have swapped to the ATRStop. This held the short trade for a very nice +5R Profit (ignoring slippage and commission).
But what amazed me was where the decline stopped, please see the Advanced Blog for this.
Thanks, Steve
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