Hi Everybody,
As we have already seen, there were a number of losing trades on the 3min YM Chart (Main Blog post) BUT, what happens when we look at the “larger degree” trend on the 15min YNM chart ?
Well, as you can see, the 15min YM made a high at DP resistance, and then started to decline, this set the larger degree trend to down for you. So, you have guessed it, this means that we should have been “favouring” the short trades and avoiding the buys.
In fact this DP nailed then very high of the day for you - Amazing !!
Thanks, Steve
As we have already seen, there were a number of losing trades on the 3min YM Chart (Main Blog post) BUT, what happens when we look at the “larger degree” trend on the 15min YNM chart ?
Well, as you can see, the 15min YM made a high at DP resistance, and then started to decline, this set the larger degree trend to down for you. So, you have guessed it, this means that we should have been “favouring” the short trades and avoiding the buys.
In fact this DP nailed then very high of the day for you - Amazing !!
Thanks, Steve
