Hi Everybody,
we have already seen from the standard blog that the 3min YM gave us a nice +4.2R and +3.9R Profit, so the standard traders were already doing well on Friday. But, it was as the low of the day came in that the Advanced Traders had two more amazing trades.
First, there was the automatic DP buy that nailed the low of the day. This was not just a DP buy, it was also a Wave 5 low (at WPT support), as well as a perfect high volume (VSA) buy. So all the Advanced Traders among you should have been all over this low !
The YM then rallied strongly to reach the initial DP taerget5, where the STF was sting, so we look to “run” the trades further. Normally this means this ATRStop, but when we get such a huge profit as the Typical Wave 3 WPT is reached it seems sensible to lock in the massive +8.7R Profit (ignoring slippage and commission).
But the good trades do not stop there !!
Thanks, Steve
we have already seen from the standard blog that the 3min YM gave us a nice +4.2R and +3.9R Profit, so the standard traders were already doing well on Friday. But, it was as the low of the day came in that the Advanced Traders had two more amazing trades.
First, there was the automatic DP buy that nailed the low of the day. This was not just a DP buy, it was also a Wave 5 low (at WPT support), as well as a perfect high volume (VSA) buy. So all the Advanced Traders among you should have been all over this low !
The YM then rallied strongly to reach the initial DP taerget5, where the STF was sting, so we look to “run” the trades further. Normally this means this ATRStop, but when we get such a huge profit as the Typical Wave 3 WPT is reached it seems sensible to lock in the massive +8.7R Profit (ignoring slippage and commission).
But the good trades do not stop there !!
Thanks, Steve
