OK, now we know that we should be focusing on the short side, let’s take a look at the 3min Chart on the YM.
Instantly we can see a lovely TS3 sell that nailed the very high of the day for you ! But (this is the important part), because the larger degree (15min) chart was down, you should have been looking to “run” this short trade and avoid any buy setups.
As you can see, the YM declined sharply in late trading to reach the first projected Profit target, but as the STF was strong, this short should have been ridden into the close, where a very nice +6.4R Profit (ignoring slippage and commission) was available.
Thanks, Steve
Instantly we can see a lovely TS3 sell that nailed the very high of the day for you ! But (this is the important part), because the larger degree (15min) chart was down, you should have been looking to “run” this short trade and avoid any buy setups.
As you can see, the YM declined sharply in late trading to reach the first projected Profit target, but as the STF was strong, this short should have been ridden into the close, where a very nice +6.4R Profit (ignoring slippage and commission) was available.
Thanks, Steve
