As you all know, you should always be aware of the larger degree trend, and this is a good example of why I follow all 4 of the US e-minis (ES, YM, NQ and TF). Here the 15min ES made DP resistance about midday, so what do you think the new larger degree trend was now ?
Exactly, down, so looking for shorts was needed.
Yes I did highlight a -1R loss on a TS3 buy on the chart of the 3min NQ in the post below, but do you see how this was now “against” this 15min DP resistance even though this was on the NQ and the 15min resistance was on the ES.
Thanks, Steve
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