Here is a good example of how you don’t need to “predict the future” to make money. This TS3 buy was “against” the larger degree trend “at the time” so the Advanced Traders among you should have used the 100% initial risk guideline to protect the trade quicker......
But what I liked about this setup was the nice symmetrical ABC pattern (much better looking than the ES one)going into the TS3 buy as well as the high volume (VSA) spike at the low. This made this a good one for the Advanced Traders among you to consider.....
The projected profit target then nailed the very high of the day for you ! for a nice +2.3R Profit (ignoring slippage and commission)
You have to remember that we are in the hard part of the cycle at the moment, it will not be long before we come back to the part when we get some easier trades and bigger profits.
Thanks, Steve
But what I liked about this setup was the nice symmetrical ABC pattern (much better looking than the ES one)going into the TS3 buy as well as the high volume (VSA) spike at the low. This made this a good one for the Advanced Traders among you to consider.....
The projected profit target then nailed the very high of the day for you ! for a nice +2.3R Profit (ignoring slippage and commission)
You have to remember that we are in the hard part of the cycle at the moment, it will not be long before we come back to the part when we get some easier trades and bigger profits.
Thanks, Steve
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