OK, now we know that the larger degree trend was up, we could have avoided any sells and been on the lookout for buy setups
For those of you who have been following me for a while will know that my “favourite” set ups is off the “first correction” following an “initial rally” off an “important low”, in other words, a potential Elliott Wave (2). This is what we had on the 3min YM yesterday with the automatic TS4 buy setup.
Once the YM reached the first target, the STF was strong, so this then held the long trade into the close for a massive +8.5R Profit (ignoring slippage and commission)
This is what is possible, once you start to look at markets with experience and an Advanced understanding.
Thanks, Steve
For those of you who have been following me for a while will know that my “favourite” set ups is off the “first correction” following an “initial rally” off an “important low”, in other words, a potential Elliott Wave (2). This is what we had on the 3min YM yesterday with the automatic TS4 buy setup.
Once the YM reached the first target, the STF was strong, so this then held the long trade into the close for a massive +8.5R Profit (ignoring slippage and commission)
This is what is possible, once you start to look at markets with experience and an Advanced understanding.
Thanks, Steve
