Tony Beckwith
10-16-2006, 04:26 AM
Hi everyone
Thought this 3min. long in the Dec 06 DAX index future was worth posting - namely because it shows how the market would only give us a smaller profit than anticipated...
A great-looking TS1 buy trade set-up, stopping at the Typical price support, trend-confirmed and with a +2x minimum potential risk/reward...
On our standard trade management guidelines, it reaches the 1st profit target and the stop is raised to 1 tick below that bar...out on the next bar...
Result: +1.6x profit (with the market drifting down from here).
{Note: Euros 25 per pt; min. price movement = 0.5 pts; traded on the huge EUREX exchange}
Thanks
Tony.
Thought this 3min. long in the Dec 06 DAX index future was worth posting - namely because it shows how the market would only give us a smaller profit than anticipated...
A great-looking TS1 buy trade set-up, stopping at the Typical price support, trend-confirmed and with a +2x minimum potential risk/reward...
On our standard trade management guidelines, it reaches the 1st profit target and the stop is raised to 1 tick below that bar...out on the next bar...
Result: +1.6x profit (with the market drifting down from here).
{Note: Euros 25 per pt; min. price movement = 0.5 pts; traded on the huge EUREX exchange}
Thanks
Tony.