Tuesday Morning Hybrid Trades

Below is the DAX chart showing the trades for the European morning.

You can see Flo's auto entries and I have annotated how I managed them. The power of entering a trade exactly the way I have written it in my trading plan cannot be overstated.

Managing those trades provides a lot of options. As you can see from the chart, I trade "within" the Flo trade. If I exit before Flo, I can manually re-enter the trade at a better price, as long as the trade picture supports it. My overall profitability can be multiples of what I otherwise would have made. Of course there are trades that don't work and you can see an example of one below. The benefit of hybrid is that I don't take a full stop on a trade as I stop myself out manually at a more advantageous price as soon as I see the trade is unlikely to work.