Hi Everybody,
For those of you who have read the Trading Course and have followed this Blog for a while will already know that I like to look for a “Gap Open play”, where the markets makes a Gap open but then reverses immediately at DP support/resistance. Well, we had a brilliant example on the 3min NQ yesterday.
As you can see, this nailed the low, just before the sharp rally in the morning. As the STF was strong as the initial DP target was reached, Advanced Traders would have swapped to the ATRStop. This would have held the long into the highs of the day for a very nice +6R Profit (ignoring slippage and commission)
Thanks, Steve
For those of you who have read the Trading Course and have followed this Blog for a while will already know that I like to look for a “Gap Open play”, where the markets makes a Gap open but then reverses immediately at DP support/resistance. Well, we had a brilliant example on the 3min NQ yesterday.
As you can see, this nailed the low, just before the sharp rally in the morning. As the STF was strong as the initial DP target was reached, Advanced Traders would have swapped to the ATRStop. This would have held the long into the highs of the day for a very nice +6R Profit (ignoring slippage and commission)
Thanks, Steve
