Showcase: Trading the e-mini Dow Jones (YM) 22-06-20

1. Did a long trade (paper trading) on e-mini Dow Jones.

2. Reason for the long trade:
a) Price do a higher lower; a UT bar appears but the next bar overtake the UT.
b) Volume is supporting the upward move.
c) Strong support level at 29910 range.

3. Trade entered with SL @ 50pts and TP @ 75pts; as price move upwards with unrealised profit, the SL is revised upwards to minimise the losses and eventually lock-in the profit.

4. Price eventually do a pullback after breaking the recent Resistance (29966 range); our SL got hit and we exited with a realised profit of 24pts.

5. Price may move upwards from hereon; it is OK to exit with a small profit rather than be ambitious.
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