OK, now we have seen that support was coming in on the 15min YM chart, so was there any potential trade setups that the more Advanced traders among you could have taken advantage of.........
Well, Yes, as you see, the 3min YM was reversing off the minimum Wave 5 WPT nicely and there was Stochastic divergence at the low. Both of these, “when” combined with 15min DP support were enough for the Advanced traders among you to consider a new long trade.
The result was a nice +5R Profit (ignoring slippage and commission) as the YM rallied strongly into the close
Thanks, Steve
Well, Yes, as you see, the 3min YM was reversing off the minimum Wave 5 WPT nicely and there was Stochastic divergence at the low. Both of these, “when” combined with 15min DP support were enough for the Advanced traders among you to consider a new long trade.
The result was a nice +5R Profit (ignoring slippage and commission) as the YM rallied strongly into the close
Thanks, Steve
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