Hi Everybody,
I know most of the time, we only look at the 15min Chart for the “trend direction” and then trade on the 3 and 5min Charts. But when the volume is low, for example over Christmas, we can get some very nice trades on the 15min Charts themselves.
For example, this lovely ABC correction on the 15min YM Chart for a TS4 sell.
Using the Standard Trade Management Guidelines, meant swapping to the ATRStop as the STF Strength band was exceeded as the first target was met. So this trade is still open and currently sitting on a nice +4.9R Profit (ignoring slippage and commission)....
Thanks, Steve
I know most of the time, we only look at the 15min Chart for the “trend direction” and then trade on the 3 and 5min Charts. But when the volume is low, for example over Christmas, we can get some very nice trades on the 15min Charts themselves.
For example, this lovely ABC correction on the 15min YM Chart for a TS4 sell.
Using the Standard Trade Management Guidelines, meant swapping to the ATRStop as the STF Strength band was exceeded as the first target was met. So this trade is still open and currently sitting on a nice +4.9R Profit (ignoring slippage and commission)....
Thanks, Steve
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