Hi Everybody,
OK, let’s start with some standard trade setups on the 3min ES from Friday.
The day started with a perfect TS3 sell setup. (I will say more about this in the next post for the Advanced Traders), but it was a standard TS3 sell. The standard trade management guidelines would then have swapped to the ATRStop once the STF Strength band was exceeded. The result was a nice +4.3R Profit (ignoring slippage and commission)
Please note: as the 15min (larger degree chart) was unclear or even up on Friday, any short trades should have been protected quicker by using the 100% initial risk guideline. This mean that we would have had a -1R loss later in the day (as shown by the history triangle), then a break even (using the 100% initial risk guideline) TS4 sell later in the day.
PS. I know that some of you think that I only show the “good” trades, but in V6.5RT we have the new History Signals, which show “all” the filled trades, so everybody can see all the signals that were filled as generated by the software. In this way nobody can say they we are hiding anything as all the signals are there on the chart for you to see. So on Friday, this meant +4.3R then -1R then +0R for a +3.3R day on the 3min ES “if” you had taken all 3 sells.
PPS. But remember we don’t ever suggest just taking all the trades, they are there for advisement based on the larger degree trend.
Thanks, Steve
OK, let’s start with some standard trade setups on the 3min ES from Friday.
The day started with a perfect TS3 sell setup. (I will say more about this in the next post for the Advanced Traders), but it was a standard TS3 sell. The standard trade management guidelines would then have swapped to the ATRStop once the STF Strength band was exceeded. The result was a nice +4.3R Profit (ignoring slippage and commission)
Please note: as the 15min (larger degree chart) was unclear or even up on Friday, any short trades should have been protected quicker by using the 100% initial risk guideline. This mean that we would have had a -1R loss later in the day (as shown by the history triangle), then a break even (using the 100% initial risk guideline) TS4 sell later in the day.
PS. I know that some of you think that I only show the “good” trades, but in V6.5RT we have the new History Signals, which show “all” the filled trades, so everybody can see all the signals that were filled as generated by the software. In this way nobody can say they we are hiding anything as all the signals are there on the chart for you to see. So on Friday, this meant +4.3R then -1R then +0R for a +3.3R day on the 3min ES “if” you had taken all 3 sells.
PPS. But remember we don’t ever suggest just taking all the trades, they are there for advisement based on the larger degree trend.
Thanks, Steve
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