Hi Everybody,
Shortly after the open yesterday the 3min YM made a high volume (VSA) spike that unfolded at DP support, this was the sign that a low was unfolding and cue to take a new long trade. The YM then rallied nicely to just exceed the first DP target. Normally I would suggest swapping to the ATRStop at this point, however, other markets were at DP resistance as well and showing signs of the high (see NQ chart in the next post), so locking in a nice +2.4R Profit (ignoring slippage and commission) was a good idea.
As such, this was a nice start to the day :)
Thanks, Steve
Shortly after the open yesterday the 3min YM made a high volume (VSA) spike that unfolded at DP support, this was the sign that a low was unfolding and cue to take a new long trade. The YM then rallied nicely to just exceed the first DP target. Normally I would suggest swapping to the ATRStop at this point, however, other markets were at DP resistance as well and showing signs of the high (see NQ chart in the next post), so locking in a nice +2.4R Profit (ignoring slippage and commission) was a good idea.
As such, this was a nice start to the day :)
Thanks, Steve
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