As it turns out, looking at it now, The Flip did indeed...well...
Flip.
- .US500.H1itdidindeedFLIP19thApril18.png (34.93 KiB) Viewed 2444 times
For the record, there were two other ways this could have been been played.
In the first, I would have ignored the long head-fake and taken the break of the low. As noted before, if the fake happens, it usually means there will be a good-sized continuation. I didn't do this because of that Demand Zone below. It wasn't
really close but it was close enough to warrant attention.
The other option would have seen me take the initial long trigger. That was a head-fake and a bust, so as it dropped down and into the low break, I would have triggered a counter-trade. That would have locked in a ''floating'' loss. I would then have waited for my next major trigger to begin unwinding the hedge.
That next trigger would have been the play I actually ran - the bounce off the Demand Zone. So once that kicked in, I would have closed out the counter trade (the short) in profit and now have my faded longs immediately in profit (or as near as dammit) and the earlier one a loss reducing steadily in size.
That is then played out as far as I want it to go. Either until it gets ''enough'' profit overall, or until all three longs go green. Today, you could have managed that.
As an aside, that last option is exactly how I traded my morning DAX trade today...
exactly.
) and still got the profit.
