OK, now we had a hint that the larger degree trend was down, from the 15min Russell Index chart, we could take the 3min TS3 sell on the Russell Index with confidence.
The NQ then declined nicely, and reached the DP form the prior Wave b low. At this point caution was advised – why ? Well, as we will see in a minute the 3 YM was setting up for a very good looking VSA buy and the 15min YM was making a TS3 buy and the 154min TF was at DP support. So locking in a very nice +3.8R Profit (ignoring slippage and commission) at this stage was sensible
Thanks,
Steve
The NQ then declined nicely, and reached the DP form the prior Wave b low. At this point caution was advised – why ? Well, as we will see in a minute the 3 YM was setting up for a very good looking VSA buy and the 15min YM was making a TS3 buy and the 154min TF was at DP support. So locking in a very nice +3.8R Profit (ignoring slippage and commission) at this stage was sensible
Thanks,
Steve
Posts
