OK, now we have seen that we should be looking for sell setups and (just as important) avoid any buy setups, this DP sell on the 3min NQ was a good one to consider. As you can see, this nailed the very high of the day for you !!
The NQ declined into the first projected profit target where the STF was strong. So standard trade management swapped to the ATRStop. This ran the trade a little further, for a nice +3.6R Profit (ignoring slippage and commission)
As a PS here, if the ATRStop “swaps” side quickly and you are in a trade, then simply start to trail the stop 1 tick beyond the bars highs, this is what happened in this example.
So there we are, short from the high of the day for a nice +3.6R Profit (ignoring slip[page and commission), which is a good result, especially after having been quiet for the last few days. But then this is just the Cyclical Nature of Trading, and something I talk to you about regularly..
Thanks, Steve
The NQ declined into the first projected profit target where the STF was strong. So standard trade management swapped to the ATRStop. This ran the trade a little further, for a nice +3.6R Profit (ignoring slippage and commission)
As a PS here, if the ATRStop “swaps” side quickly and you are in a trade, then simply start to trail the stop 1 tick beyond the bars highs, this is what happened in this example.
So there we are, short from the high of the day for a nice +3.6R Profit (ignoring slip[page and commission), which is a good result, especially after having been quiet for the last few days. But then this is just the Cyclical Nature of Trading, and something I talk to you about regularly..
Thanks, Steve
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