As I suggested in my last post, just as the YM was making a -1R loss, the Russell Index gave us a nice TS3 buy setup. This is where Amateurs (who get frustrated at losses) would have missed this long trade. Which is why many Amateurs never make it as professional as they get too emotionally involved with the markets. This is sad, as this means they miss out on great trades and never make a success of trading.
As we can see, this TS3 long when onto make a very nice +3.3R Profit (ignoring slippage and commission). In fact, profits were taken as the high of the day came in – Amazing !!
As a PS for the Advanced Traders among you, please go over to the Advanced Blog to see how a “stop and reverse” at this high would have added another great profit to the day.......
Thanks, Steve
As we can see, this TS3 long when onto make a very nice +3.3R Profit (ignoring slippage and commission). In fact, profits were taken as the high of the day came in – Amazing !!
As a PS for the Advanced Traders among you, please go over to the Advanced Blog to see how a “stop and reverse” at this high would have added another great profit to the day.......
Thanks, Steve
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