The day started well with a TS3 sell. Notice how this was not stopped out, so even though it appears as a “history triangle” it was a valid short trade. This is why I always suggest you “analyze” the history triangles to see how they would have unfolded....
The result was a nice +2.4R Profit (ignoring slippage and commission).
But why did we not use the ATRStop here I hear you ask ? Well, as outlined in the Trading Course, the “day after” a big move, we anticipate a sideways and choppy day, so best to look to bank profits earlier using the WPT targets.
Thanks, Steve
The result was a nice +2.4R Profit (ignoring slippage and commission).
But why did we not use the ATRStop here I hear you ask ? Well, as outlined in the Trading Course, the “day after” a big move, we anticipate a sideways and choppy day, so best to look to bank profits earlier using the WPT targets.
Thanks, Steve
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