Hi Everybody,
As we have already see, we started the day with a standard TS3 that banked a nice +4.3R Profit, but look where the market was as this Profit came in. Right at DP support AND then the NQ made a high Volume (VSA) bar. This was an absolutely perfect example of the DP / VSA setup that I teach. This nailed the low of the day for you !
Then NQ then rallied nicely to reach the “opposing” DP target, where +7.2R Profit (ignoring slippage and commission) was available. Amazing !
Now I can hear you asking, why take Profits at the DP target, when the STF was strong ? Well, (I will leave you to do this yourselves), it was because we were at 15min DP resistance, “and” the rally off the low unfolded as an ABC, which will lead to another nice trade, see next post.
But what an amazing example of the DP / VSA combination – I love it when it nails the very low (or high) of the day like this – Amazing !
Thanks, Steve
As we have already see, we started the day with a standard TS3 that banked a nice +4.3R Profit, but look where the market was as this Profit came in. Right at DP support AND then the NQ made a high Volume (VSA) bar. This was an absolutely perfect example of the DP / VSA setup that I teach. This nailed the low of the day for you !
Then NQ then rallied nicely to reach the “opposing” DP target, where +7.2R Profit (ignoring slippage and commission) was available. Amazing !
Now I can hear you asking, why take Profits at the DP target, when the STF was strong ? Well, (I will leave you to do this yourselves), it was because we were at 15min DP resistance, “and” the rally off the low unfolded as an ABC, which will lead to another nice trade, see next post.
But what an amazing example of the DP / VSA combination – I love it when it nails the very low (or high) of the day like this – Amazing !
Thanks, Steve
