Hi Everybody,
What another brilliant day again yesterday, mainly on the ES.
If you look at the chart you can see how we had a couple of DP buys in the morning, the second of which nailed the low of the day perfectly ! The main question was whether to take the TS4 sell that unfolded as the ES was rallying off the lows ? Well, as always, this is where the 15min Chart comes in. And as we will see in the next post, the ES was rallying off DP support, so the trend was up now, so you should have avoided this TS4 sell and held the DP long into its profit target for a very nice +5.4R Profit...............
The only question was how to handle the first DP buy of the day, was this a -1R loss or break-even ? I will answer this in the nest post
Thanks, and what another great day yesterday...........
Steve
What another brilliant day again yesterday, mainly on the ES.
If you look at the chart you can see how we had a couple of DP buys in the morning, the second of which nailed the low of the day perfectly ! The main question was whether to take the TS4 sell that unfolded as the ES was rallying off the lows ? Well, as always, this is where the 15min Chart comes in. And as we will see in the next post, the ES was rallying off DP support, so the trend was up now, so you should have avoided this TS4 sell and held the DP long into its profit target for a very nice +5.4R Profit...............
The only question was how to handle the first DP buy of the day, was this a -1R loss or break-even ? I will answer this in the nest post
Thanks, and what another great day yesterday...........
Steve
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