Tuesday, 25 August 2009

How the 3min Charts “fitted in” to the 5min


But what I found the most interesting of all, was how these two 3min TS3 sells (abc corrections) unfolded at Wave (2) and Wave (4) corrections on the 5min Chart. With the low of the day at the minimum Wave 5 WPT, this all “fitted together perfectly.............

Notice how there was a nice DP sell, that nailed the high of the day for you. The ES (3 and 5min) had the same, so that could have netted yet another massive profitable trade for you yesterday...........

So all in all, yesterday was a massive day. But then this was only to be expected as the e-minis have been quiet for the last few days so we were overdue for a massive day. This is why I talk so much about the Cyclical Nature of Trading. I just hope you all had the patience and disciple to wait and then make the most of yesterday, as the trades were there for you !

Steve