Hi Everybody,
Before you start today’s post, please take a look at the normal Day Trading Blog to see how yesterday on the 3min ES we had a number of losing buy setups that unfolded in the afternoon............... So our job is to see how this “fitted in” with the larger degree, 15min Chart.
As you can see, the 15min ES made a high at DP resistance and started to decline about lunch time. So in the afternoon the “larger degree trend” was down, so you should have avoided the 3min buy setups......
You see this again and again, day after day – how using the 15min Charts to show the larger degree trend will help you decide which shorter term (3 and 5min Charts) setups to take. I cannot stress this enough, in that always keep an eye on the larger degree 15min charts it will help you loads
Thanks, Steve
PS, there were some amazing other setups yesterday that I don’t have time to go into, but needleless to say, once you take the step to Advanced Trader, a whole new world of trade opportunities will open up for you !
Before you start today’s post, please take a look at the normal Day Trading Blog to see how yesterday on the 3min ES we had a number of losing buy setups that unfolded in the afternoon............... So our job is to see how this “fitted in” with the larger degree, 15min Chart.
As you can see, the 15min ES made a high at DP resistance and started to decline about lunch time. So in the afternoon the “larger degree trend” was down, so you should have avoided the 3min buy setups......
You see this again and again, day after day – how using the 15min Charts to show the larger degree trend will help you decide which shorter term (3 and 5min Charts) setups to take. I cannot stress this enough, in that always keep an eye on the larger degree 15min charts it will help you loads
Thanks, Steve
PS, there were some amazing other setups yesterday that I don’t have time to go into, but needleless to say, once you take the step to Advanced Trader, a whole new world of trade opportunities will open up for you !
