Hi Everybody,
Wow, what a brilliant day on Friday. In fact there were so many good setups on the US e-minis on Friday that I don’t have time or space to look at them all here, so I will focus on just one, a TS1 sell on the 5min YM.
If you look at the chart, you can see how the 5min YM gave a nice TYS1 sell at 11:05EST on Friday. You should all have been ready for this one as it was almost identical to the TS1 sell I outlined in great detail just a few days ago on the ES.
The YM started to decline nicely, exceeding the STF strength band, so the standard trade management guidelines say to swap to the ATRStop. This would have held you short as the decline continued.
BUT in this post I would like to show you how you could have come out at the low of the day for a nice +8.9R Profit (ignoring slippage and commission). For this lets look to the next post for why you would have protected profits at the low....
Thanks Steve
Wow, what a brilliant day on Friday. In fact there were so many good setups on the US e-minis on Friday that I don’t have time or space to look at them all here, so I will focus on just one, a TS1 sell on the 5min YM.
If you look at the chart, you can see how the 5min YM gave a nice TYS1 sell at 11:05EST on Friday. You should all have been ready for this one as it was almost identical to the TS1 sell I outlined in great detail just a few days ago on the ES.
The YM started to decline nicely, exceeding the STF strength band, so the standard trade management guidelines say to swap to the ATRStop. This would have held you short as the decline continued.
BUT in this post I would like to show you how you could have come out at the low of the day for a nice +8.9R Profit (ignoring slippage and commission). For this lets look to the next post for why you would have protected profits at the low....
Thanks Steve
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