Hi Everybody,
I would like to start today with a look at the 3min YM shortly after the open when a nice high volume (VSA) spike unfolded at DP support. This was sign that a low was unfolding and a long trade should be considered.
The YM then rallied nice and started to exceed the initial DP target. Usually I would suggest swapping to the ATRStop at this p9ont, but we had resistance coming in on other markets, see the NQ chart i my next post, so looking to lock in a quick +2.4R Profit (ignoring slippage and commission) was a good idea.
This was a nice start to the day :)
Thanks, Steve
I would like to start today with a look at the 3min YM shortly after the open when a nice high volume (VSA) spike unfolded at DP support. This was sign that a low was unfolding and a long trade should be considered.
The YM then rallied nice and started to exceed the initial DP target. Usually I would suggest swapping to the ATRStop at this p9ont, but we had resistance coming in on other markets, see the NQ chart i my next post, so looking to lock in a quick +2.4R Profit (ignoring slippage and commission) was a good idea.
This was a nice start to the day :)
Thanks, Steve
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