Hi Everybody,
As we have already seen, there were a few losing trades on the 3min ES chart yesterday, but could these have been avoided ? Well this is where the 15min trend comes in.
As you will all have read in the Trading Course, the STF does a good job of the “larger degree trend” most of the time,. BUT (like all indicators) it is lagging in and around turns in the market. This when we use the DP’s and WPT’s. DP’s and WPT’s are “leading” indicators so they can be on the charts “before” the market even gets there, and as such can nail turns in the market beautifully.
Here we can see that the low on the 15min ES chart was nailed perfectly by the DP. This then set the 15min trend to up, therefore helping avoid the two losing 3min sells in the morning.......
Thanks, Steve
As we have already seen, there were a few losing trades on the 3min ES chart yesterday, but could these have been avoided ? Well this is where the 15min trend comes in.
As you will all have read in the Trading Course, the STF does a good job of the “larger degree trend” most of the time,. BUT (like all indicators) it is lagging in and around turns in the market. This when we use the DP’s and WPT’s. DP’s and WPT’s are “leading” indicators so they can be on the charts “before” the market even gets there, and as such can nail turns in the market beautifully.
Here we can see that the low on the 15min ES chart was nailed perfectly by the DP. This then set the 15min trend to up, therefore helping avoid the two losing 3min sells in the morning.......
Thanks, Steve
