OK, continuing................
Now let’s take a look at the shorter term 3 and 5min charts, bearing in mind the larger degree 15min chart was in a nice uptrend.
Well, the 5min ES gave us a very nice TS3 buy setup early in the day. So was this one good one to consider ? Yes, exactly, as the 15min trend was up..........
You should have also been thinking that because the 15min trend was up, not to bail out of this TS3 long trade too early, and even look to run the long trade, until (at least) the 15min DP was reached (as outlined in my post below).
Well, that is exactly what happened, the TS3 long reached the second projected profit target (which was also in the same area as the larger degree 15min DP), so was a good time to tighten stops. The result, a very nice +6.5R Profit.
But do you all see, how this was a nice trade because it was “in the direction of” the larger degree, 15min Chart.
Steve
Now let’s take a look at the shorter term 3 and 5min charts, bearing in mind the larger degree 15min chart was in a nice uptrend.
Well, the 5min ES gave us a very nice TS3 buy setup early in the day. So was this one good one to consider ? Yes, exactly, as the 15min trend was up..........
You should have also been thinking that because the 15min trend was up, not to bail out of this TS3 long trade too early, and even look to run the long trade, until (at least) the 15min DP was reached (as outlined in my post below).
Well, that is exactly what happened, the TS3 long reached the second projected profit target (which was also in the same area as the larger degree 15min DP), so was a good time to tighten stops. The result, a very nice +6.5R Profit.
But do you all see, how this was a nice trade because it was “in the direction of” the larger degree, 15min Chart.
Steve
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