Hi Everybody,
We have already seen how the TS1 sell made a nice +6.9R Profit for the Standard Traders, but would Advanced Analysis helped us even more ?
Well, yes, as you can see, the 15min ES was declining form a good looking Wave 5 high, so we should already have “been preparing for” short trades as a decline as anticipated. So the Advanced Traders among you should have been all over the TS1 sell on the 5min ES as it came it............
But then (and this is amazing), just look where the decline stopped.................. right at the Typical Wave 3 WPT on the 15min ES chart. This would have helped in Trade Management of the 5min short (next post).
Thanks, Steve
We have already seen how the TS1 sell made a nice +6.9R Profit for the Standard Traders, but would Advanced Analysis helped us even more ?
Well, yes, as you can see, the 15min ES was declining form a good looking Wave 5 high, so we should already have “been preparing for” short trades as a decline as anticipated. So the Advanced Traders among you should have been all over the TS1 sell on the 5min ES as it came it............
But then (and this is amazing), just look where the decline stopped.................. right at the Typical Wave 3 WPT on the 15min ES chart. This would have helped in Trade Management of the 5min short (next post).
Thanks, Steve
