OK, so far we have seen, the “larger degree” trend was up, for a DP low on the 15min NQ Chart. But now let’s take a closer look at the 3min ES, that had all those losing short trades in the afternoon.
As you can see, the 3min ES made a Wave 5 low, so the question is “where is the first target following a Wave 5 low” ? This is covered in Part 2 of the Trading Course, so I hope you have all read and studied the Course !
Exactly, the DP from the prior Wave 4 high. Combine this with a low on the 15min NQW chart and you would have had confidence that the new trend was UP off the Wave 5 low. This would have helped you avoid the losing sell setups as the ES rallied, exactly as anticipated.....
This is why I keep on encouraging you to study and learn, all the info you need is here, you just need to learn it ! Once you do you will learn an amazing ability to be able to anticipate the future far better than you would have ever believe was possible. Most people never get to this level, because they simply cannot be bothered to take the time and do the work necessary, they seen to expect to be given everything on a plate for them, and do not work. Well, the world is not like that, the best rewards are saved for those of you who are committed and willing to work the hardest.
Thanks, Steve
As you can see, the 3min ES made a Wave 5 low, so the question is “where is the first target following a Wave 5 low” ? This is covered in Part 2 of the Trading Course, so I hope you have all read and studied the Course !
Exactly, the DP from the prior Wave 4 high. Combine this with a low on the 15min NQW chart and you would have had confidence that the new trend was UP off the Wave 5 low. This would have helped you avoid the losing sell setups as the ES rallied, exactly as anticipated.....
This is why I keep on encouraging you to study and learn, all the info you need is here, you just need to learn it ! Once you do you will learn an amazing ability to be able to anticipate the future far better than you would have ever believe was possible. Most people never get to this level, because they simply cannot be bothered to take the time and do the work necessary, they seen to expect to be given everything on a plate for them, and do not work. Well, the world is not like that, the best rewards are saved for those of you who are committed and willing to work the hardest.
Thanks, Steve
