Be sure to scroll all the way down and get the lesson in this post!
YM TS TradePlan E-mini Dow Chart Review - Monday August 3, 2015
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.
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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 |
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