Hi Everybody,
As we have already seen from the main blog, we had a massive +10.8R Profit on the 3min ES as the markets collapsed into the close, so did the 15min Chart help us here ?
Well, the answer is a definite yes. If you look at the 15min ES, you can see how we had a TS3 sell earlier in the day. This set the “larger degree trend” to down. This then gave us extra confidence in the 3min TS1 short trade and also would have told us that because the larger degree trend was down to look to “run” any short trades.
The larger degree trend picture is not always clear, but when it is (like yesterday) make the best of it. It is not every day that we get massive +10R trades !
Thanks, Steve
As we have already seen from the main blog, we had a massive +10.8R Profit on the 3min ES as the markets collapsed into the close, so did the 15min Chart help us here ?
Well, the answer is a definite yes. If you look at the 15min ES, you can see how we had a TS3 sell earlier in the day. This set the “larger degree trend” to down. This then gave us extra confidence in the 3min TS1 short trade and also would have told us that because the larger degree trend was down to look to “run” any short trades.
The larger degree trend picture is not always clear, but when it is (like yesterday) make the best of it. It is not every day that we get massive +10R trades !
Thanks, Steve
