I said it a number of time before, but yesterday was a brilliant example of this – dint forget the 5min charts ! As there are very often brilliant trades in this time frames that do not appear on the 3min Charts.
As you can see, on this 5min TF Chart yesterday, there was a perfect TS3 sell, that got you short just before the sharp fall later in the day. As we have also see, this “was in the direction of” the larger degree down trend as well. So all in all, a perfect setup :-)
Standard Traders would have swapped to the ATRStop for trade management as the STF strength band was exceeded. This held the short trade into the close for a massive +12.8R Profit (ignoring slippage and commission) !
Massive trades like this do unfold, you just have to be ready to take them.... Especially when they were are perfect as this one !!
Thanks, Steve
As you can see, on this 5min TF Chart yesterday, there was a perfect TS3 sell, that got you short just before the sharp fall later in the day. As we have also see, this “was in the direction of” the larger degree down trend as well. So all in all, a perfect setup :-)
Standard Traders would have swapped to the ATRStop for trade management as the STF strength band was exceeded. This held the short trade into the close for a massive +12.8R Profit (ignoring slippage and commission) !
Massive trades like this do unfold, you just have to be ready to take them.... Especially when they were are perfect as this one !!
Thanks, Steve
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