Hi Everybody,
WOW, what a day yesterday, the DP’s on the 15min YM chart nailed BOTH the high and the low of the day for us. Absolutely amazing !
This is how well the DP’s work, and why we use them for the larger degree trend identification. Agreed, they don’t work all the time, but then nothing does, and that is not how to trade. That is why we use the “isolation approach” so we work with what is working “here and now”. This is what successful trading is all about and a skill all successful professional traders must learn.
In the DP’s you have one of the best support / resistance tools on the market, so use them :)
Thanks, Steve
WOW, what a day yesterday, the DP’s on the 15min YM chart nailed BOTH the high and the low of the day for us. Absolutely amazing !
This is how well the DP’s work, and why we use them for the larger degree trend identification. Agreed, they don’t work all the time, but then nothing does, and that is not how to trade. That is why we use the “isolation approach” so we work with what is working “here and now”. This is what successful trading is all about and a skill all successful professional traders must learn.
In the DP’s you have one of the best support / resistance tools on the market, so use them :)
Thanks, Steve
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