Hi Everybody,
The 3min Russell Index yesterday made a classic high volume (VSA) spike reversal at double DP resistance top nail the very high of the day yesterday ! The Russell then decline into the opposing DP, where another high volume (VSA) spike unfolded, but this time the bar’s high was not exceeded, so your stop would have been trailed as the Russell continued lower.
The short trade would have eventually been stopped out for a massive +9R Profit (ignoring slippage and commission)
An amazing trade and a brilliant example of how the high volume (VSA) spike and DP combination can nail brilliant trades for you – in this example, short from the high of the day ?
Thanks, Steve
The 3min Russell Index yesterday made a classic high volume (VSA) spike reversal at double DP resistance top nail the very high of the day yesterday ! The Russell then decline into the opposing DP, where another high volume (VSA) spike unfolded, but this time the bar’s high was not exceeded, so your stop would have been trailed as the Russell continued lower.
The short trade would have eventually been stopped out for a massive +9R Profit (ignoring slippage and commission)
An amazing trade and a brilliant example of how the high volume (VSA) spike and DP combination can nail brilliant trades for you – in this example, short from the high of the day ?
Thanks, Steve
