Be sure to scroll all the way down and get the lesson in this post!
Many will not use the Execution/Target Zones as targets. Only as places to execute. I have found that those people usually don't last long. There is a reason why it says "let trades run to their true targets" on the website. If you are only using the Execution/Target Zones for Executions you are missing 1/2 of the plan.
Today's YM (and ES) plan called for positioning keyed to the day's LIS and targeting the Execution/Target Zones. That if we held under LIS we would likely want to test Range Long and potentially Highest Odds Long FTD.
Well, that is exactly what happened on Monday.
YM TS TradePlan E-mini Dow Chart Review - Monday August 3, 2015
(shown annotated and with the Contract Notes from TS Tradeplan)
|Charts shown with the TS TradePlan Indicator for NinjaTrader|