OK, as we have already seen, because the 15min Charts was at DP support, the Advanced Traders among you should have been looking for automatic buy setups. As you can see, this DP buy on the 5min ES nailed the low of the day perfectly !!
The ES then rallied nicely to reach the first projected Profit target, where a nice +3.5R Profit was available (ignoring slippage and commission).
But do you all see how this DP buy was OK to consider, even though the STF was red, because it was also at 15min (larger degree) DP support as well......
Thanks, Steve
The ES then rallied nicely to reach the first projected Profit target, where a nice +3.5R Profit was available (ignoring slippage and commission).
But do you all see how this DP buy was OK to consider, even though the STF was red, because it was also at 15min (larger degree) DP support as well......
Thanks, Steve
