Hi Everybody,
We have all see the TS2 sell on the 3min ES that nailed the high of the day (Standard Blog page), but it would have been nice to catch more of that sharp fall............ Well, this is where a look at the 15min (larger degree trend) will have helped....
Here we can see that as the TS2 sell reached its first profit targets, the 15min ES had bookend back down the current DP support level. This is Bearish, and a sign that the current down trend will continue..... With this in mind, it would have been a good idea to look to run the current TS2 short trade on the 3min chart further.
OK, onto the 3min Chart.
Thanks, Steve
We have all see the TS2 sell on the 3min ES that nailed the high of the day (Standard Blog page), but it would have been nice to catch more of that sharp fall............ Well, this is where a look at the 15min (larger degree trend) will have helped....
Here we can see that as the TS2 sell reached its first profit targets, the 15min ES had bookend back down the current DP support level. This is Bearish, and a sign that the current down trend will continue..... With this in mind, it would have been a good idea to look to run the current TS2 short trade on the 3min chart further.
OK, onto the 3min Chart.
Thanks, Steve
