Hi Everybody,
Friday was another good example of why all the Advanced Traders among you should always keep an eye on DP (and WPT) support and resistance areas on the 15min Chart./ Here we can see that the DP on the 15min ES nailed the low of the day beautifully. This set the “larger degree” trend to up. As such, not only should you have then be focusing on buy setups, but this also gave you permission to look for shorter-term buys as the 15min DP low was coming in...........
For this let’s look at the ES 5 min chart in the next post.
Thanks, Steve
Friday was another good example of why all the Advanced Traders among you should always keep an eye on DP (and WPT) support and resistance areas on the 15min Chart./ Here we can see that the DP on the 15min ES nailed the low of the day beautifully. This set the “larger degree” trend to up. As such, not only should you have then be focusing on buy setups, but this also gave you permission to look for shorter-term buys as the 15min DP low was coming in...........
For this let’s look at the ES 5 min chart in the next post.
Thanks, Steve
