This is for the more Advanced Traders among you.
What happens if you are in a 5min trade and you get a good looking opposing trade on the 3min ? For example the TS4 long on the 5min ES, when a lovely VSA sell appear on the 3min ?
Well, this is where you keep an eye on “correlated markets”. We have already seen that the 5min YM had already made its first target, and you were already sitting on +3R profit on the 5min ES long, so (and this is for the more Advanced Traders among you), yes (and only if the new setup is good enough) you can consider stopping and reversing.
Thanks
Steve
What happens if you are in a 5min trade and you get a good looking opposing trade on the 3min ? For example the TS4 long on the 5min ES, when a lovely VSA sell appear on the 3min ?
Well, this is where you keep an eye on “correlated markets”. We have already seen that the 5min YM had already made its first target, and you were already sitting on +3R profit on the 5min ES long, so (and this is for the more Advanced Traders among you), yes (and only if the new setup is good enough) you can consider stopping and reversing.
Thanks
Steve
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