Hi everybody,.
It was not all doom and gloom yesterday there were some nice trades, for example this TS3 buy on the 5min Russell that went to the DP nicely. Notice how I have used the high volume spike to protect profits on this long trade. The Advanced Traders among you will have also know some other markets (15min ES) were entering larger degree resistance zones, so protecting profits would have been a sensible course of action.
Again, this is where the markets are different on different days because we have had a few good days so you should know that a few harder days are approaching, so getting more aggressive with protecting profits is a good idea. A PC or automated strategy could never have this level of understanding
Thanks
Steve
It was not all doom and gloom yesterday there were some nice trades, for example this TS3 buy on the 5min Russell that went to the DP nicely. Notice how I have used the high volume spike to protect profits on this long trade. The Advanced Traders among you will have also know some other markets (15min ES) were entering larger degree resistance zones, so protecting profits would have been a sensible course of action.
Again, this is where the markets are different on different days because we have had a few good days so you should know that a few harder days are approaching, so getting more aggressive with protecting profits is a good idea. A PC or automated strategy could never have this level of understanding
Thanks
Steve
Posts
