12-21-2005, 07:49 AM
This chart on ES#f shows a setup
As youi see that one is a Double TOP
As traders generally we SELL DT and BUY DB wit a SAR in the case the market goes on thge otehr way and being able to take profit from the BO.
[color="Red"]Here the Soft is even taking in consideration that IS a DT or a sensible level, so puts the profit JUST a tick above the max and the intermediate profit just 2 ticks below.[/color]
So if you are with more cts, scale ouit at the first TGT, than wait the final. If the final came will be much likely a FAKEOUT ( more than 70 PCT of the BO are Fakeout) so will let you get your profit vand go down....
Amazing....
As youi see that one is a Double TOP
As traders generally we SELL DT and BUY DB wit a SAR in the case the market goes on thge otehr way and being able to take profit from the BO.
[color="Red"]Here the Soft is even taking in consideration that IS a DT or a sensible level, so puts the profit JUST a tick above the max and the intermediate profit just 2 ticks below.[/color]
So if you are with more cts, scale ouit at the first TGT, than wait the final. If the final came will be much likely a FAKEOUT ( more than 70 PCT of the BO are Fakeout) so will let you get your profit vand go down....
Amazing....