Wednesday, 6 January 2010

3min ES Chart


The 3min ES chart gave us a few buying opportunities. The first of which would have been a “break-even” trade, as it exceeded the 100% initial risk level. The second would have been a -1R loss. But then there was a DP buy that nailed the low perfectly.............

The ES then rallied nicely to bank +2.1R Profit at the DP target (ignoring slippage and commission). This was using the Standard Trade Management Guidelines.

Thanks, Steve