Hi Everybody............
Another quiet day on Friday with few signals. But as I said last week, this is just part of the Cyclical Nature of Trading, and comes on the back of some massive profits mid last week.
I did receive a question on the DP sell late in the day on Friday. Normally I say that DP’s should only be taken if they fall at larger degree support or resistance of if they are after 5 swings. But this was neither on the 3min Chart.
However, the Advanced Traders among you should have spotted that this was also on a high Volume (VSA) spike, as such it was a trade that the Advanced Traders among you could have taken.
Thanks
Steve
Another quiet day on Friday with few signals. But as I said last week, this is just part of the Cyclical Nature of Trading, and comes on the back of some massive profits mid last week.
I did receive a question on the DP sell late in the day on Friday. Normally I say that DP’s should only be taken if they fall at larger degree support or resistance of if they are after 5 swings. But this was neither on the 3min Chart.
However, the Advanced Traders among you should have spotted that this was also on a high Volume (VSA) spike, as such it was a trade that the Advanced Traders among you could have taken.
Thanks
Steve
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