Trade of the day

[robert]

Matt or Steve
Do we have any trade setups on MTPRT this morning?
Robert

[Steve Griffiths]

Hi Robert,

We certinally do, I am just uploading a great 30min Forex example from this morning..............

Thanks

Steve

[Matt Bowen]

Hi Robert,

Yes, I'm currently managing a short from the 3-minute NASDAQ.

All the best,

[robert]

Nice trade Matt. Hope you got out at the 2 times risk point.
If you did then you made your money for the day and should go and play.
I missed this morning trade, so I'm now watching for an ideal setup.
robert

[Steve Griffiths]

Hi Robert,

Exactly. It is amazing how many times a trade gets to the improtatnt 2-3 profit zone before reversing..................

Steve

[Matt Bowen]

Robert,

Thanks for the vote of confidence!
Yes, that's the plan... Steve is right about the 2-3 profit target levels. If you sit here and watch 6 months of 3-minute and 5-minute trades you will see many of them go right into the 2-3 profit target and then reverse...and that's exactly why I adjust the trade at that level...I've had enough of them get away from to learn the hard way.

I missed the ES trade at 10:09am because I was preoccupied with the other trade, but another good setup.