It was the Martin Luther King holiday in the USA yesterday, so US markets were quiet, so let’s take a look at what has been happening in Europe. For example, a lovely DP sell on a 15min FTSE Chart
Notice how there was a -1R loss first, but this loss was kept small and under control. Then the second triangle was invalidate before it was filled, so no trade, then the DP sell that nailed the very bar of the high.
We have dropped straight through the initial DP target and are now at the lower DP target where +7.8R Profit (ignoring slippage and commission) is currently available.
Thanks, Steve
Notice how there was a -1R loss first, but this loss was kept small and under control. Then the second triangle was invalidate before it was filled, so no trade, then the DP sell that nailed the very bar of the high.
We have dropped straight through the initial DP target and are now at the lower DP target where +7.8R Profit (ignoring slippage and commission) is currently available.
Thanks, Steve
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