Hi Everybody,
After a very choppy and frustrating day on the 3min ES we got a perfect example of our high vol, VSA, spike trade setup late in the day. As you can see from the chart the high unfolded at 2 DP’s (as well as a 15min DP, not shown), on nice stochastic divergence. As such this was a great example.
The ES then declined nicely into the close for a +6R Profit (ignoring slippage and commission)
It just goes to show how patience and discipline is needed in trading. It would have been so easy to get frustrated as the ES was just chopping sideways in a narrow range for most of the day, so you could have given up and gone home. But if you had then you would have missed this good profit at the end of the day.
Thanks
Steve
After a very choppy and frustrating day on the 3min ES we got a perfect example of our high vol, VSA, spike trade setup late in the day. As you can see from the chart the high unfolded at 2 DP’s (as well as a 15min DP, not shown), on nice stochastic divergence. As such this was a great example.
The ES then declined nicely into the close for a +6R Profit (ignoring slippage and commission)
It just goes to show how patience and discipline is needed in trading. It would have been so easy to get frustrated as the ES was just chopping sideways in a narrow range for most of the day, so you could have given up and gone home. But if you had then you would have missed this good profit at the end of the day.
Thanks
Steve
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