Hi Everybody,
As we have already seen, form the Standard Blog, the losing trades were on the short side yesterday and the Profits were on the long side. So could the 15min Charts have helped us ?
The answer is defiantly YES !
The 15min DP support just after the open can be clearly seen on the 15mion chart, where not only did the low come in at DPO support, but also we had an automatic DP buy setup. So this set the “larger degree” 15min trend to UP.
Therefore Advanced Traders among you would have avoided the losing short trades yesterday and also look to “run” and maximise the long trades
Thanks, Steve
PS, This has been a good example of how to use the 15min charts for the “larger degree trend” for your 3 and 5min trades.
As we have already seen, form the Standard Blog, the losing trades were on the short side yesterday and the Profits were on the long side. So could the 15min Charts have helped us ?
The answer is defiantly YES !
The 15min DP support just after the open can be clearly seen on the 15mion chart, where not only did the low come in at DPO support, but also we had an automatic DP buy setup. So this set the “larger degree” 15min trend to UP.
Therefore Advanced Traders among you would have avoided the losing short trades yesterday and also look to “run” and maximise the long trades
Thanks, Steve
PS, This has been a good example of how to use the 15min charts for the “larger degree trend” for your 3 and 5min trades.
