Hi Everybody,
This was a slightly tricky call, as it would have been a lot easier if the STF was strong, but then the market does now always give us what we want all the time !
But if you look at the 3min Chart, the market did shows signs of strength as it continued “above” the DP target level. Remember the DP stands for “decision point”, i.e. the point the market will make a decision to reverse or continue. Strength “beyond” a DP level usually indicates a continued trend.
With this in mind, you could have decided to let al least “part” of your long trade run with the ATRStop.
I know you had to make this decision “before” you got confirmation of strength beyond the DP, so was there anything else that would have help, lets take a look at the 5min chart in the next post.....
Thanks, Steve
This was a slightly tricky call, as it would have been a lot easier if the STF was strong, but then the market does now always give us what we want all the time !
But if you look at the 3min Chart, the market did shows signs of strength as it continued “above” the DP target level. Remember the DP stands for “decision point”, i.e. the point the market will make a decision to reverse or continue. Strength “beyond” a DP level usually indicates a continued trend.
With this in mind, you could have decided to let al least “part” of your long trade run with the ATRStop.
I know you had to make this decision “before” you got confirmation of strength beyond the DP, so was there anything else that would have help, lets take a look at the 5min chart in the next post.....
Thanks, Steve
