OK, now we have decided that the YM was in a clearer and more obvious position on the 15min Chart, lets move down to the 3min chart and see what we get.
Well, at 10:42EST the 3min YM was also at DP resistance and as such the Advanced Traders among you had a potential manual DP sell setup. As you can see, this was the high of the day off which the YM declined nicely.
Once the STF strength band was exceeded (after reaching the opposing DP) the ATRStop was used, this resulted in a nice +6.5R Profit (ignoring slippage and commission) .....
Thanks, Steve
Well, at 10:42EST the 3min YM was also at DP resistance and as such the Advanced Traders among you had a potential manual DP sell setup. As you can see, this was the high of the day off which the YM declined nicely.
Once the STF strength band was exceeded (after reaching the opposing DP) the ATRStop was used, this resulted in a nice +6.5R Profit (ignoring slippage and commission) .....
Thanks, Steve
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