FTSE 3min TS1 sell – follow up

Hi Everybody,

Here is how this TS1 short trade ended up – a very nice +7R Profit (ignoring slippage and commission).

What was interesting for me, was how the low came in at our Typical Wave 3 WPT, which is what we would normally anticipate as a TS1 sell is usually a Wave (2) correction, so seeing a Wave (3) unfold after this is normal.

So even though we used the ATRStop, the end result (in Profit terms) was about the same as just using the Typical Wave 3 WPT target

Thanks

Steve