Hi Everybody,
Friday was another example of the “Gap Open” play that I was talking about in my last post. As you can see, yet again the DP nailed the low just a few bars after the open off which a strong rally occurred. The only difference this time was that the gap was “closed” when the automatic TS3 sell came in, so this time it was a good idea to look to close the trade at the automatic signal. This was not the case the last time.
As you can see, this resulted in a nice +5R Profit (ignoring slippage and commission). Add that to all the other automatic trades that unfolded on Friday and Friday was a very good day indeed....
Thanks, Steve
Friday was another example of the “Gap Open” play that I was talking about in my last post. As you can see, yet again the DP nailed the low just a few bars after the open off which a strong rally occurred. The only difference this time was that the gap was “closed” when the automatic TS3 sell came in, so this time it was a good idea to look to close the trade at the automatic signal. This was not the case the last time.
As you can see, this resulted in a nice +5R Profit (ignoring slippage and commission). Add that to all the other automatic trades that unfolded on Friday and Friday was a very good day indeed....
Thanks, Steve
