ES 3min – Advanced look

As outlined in the post below, the Advanced Trader, knowing that this TS3 long was against the larger degree 15min trend (at the time) should have first moved their stops to break-even quicker, using the 100% initial risk level. Then secondly been quicker to bank profits. The ATRStop is for running trades, and this usually only happens when you are “with” the larger degree trend. Trades “against” the larger degree trend usually are small and as such should be exited quickly. “Cut and run” if you like.........

The result, a slightly larger +2.8R Profit at the first projected profit target.

Thanks, Steve