Hi Everybody,
Here is another great example on the 60min Chart of the GBPJPY, where an automatic DP buy unfolded recently. The STF was strong as the first target was reached so the “standard” traders among you would have used the ATRStop from there.
The result – a very nice +7.4R Profit (ignoring slippage and commission)
But what of the larger degree trend ?
Steve
Here is another great example on the 60min Chart of the GBPJPY, where an automatic DP buy unfolded recently. The STF was strong as the first target was reached so the “standard” traders among you would have used the ATRStop from there.
The result – a very nice +7.4R Profit (ignoring slippage and commission)
But what of the larger degree trend ?
Steve
