Friday, 15 May 2009

5min YM


Hi Everybody

After a tricky start we did get a nice manual DP sell towards the end of the day on the 5min YM. As this was a manual trade, it should, be consider more of an Advanced setup. As you can see from the chart this was also on a VSA high volume spike as well as on STF divergence (not shown).

Also, the reason I liked this setup is that it was “in line with” the 15min chart that was at 15min DP resistance.

As you can see, a +3.8R Profit (ignoring slippage and commission) was a nice end to what was otherwise a boring day....

Thanks

Steve