Tuesday, 24 November 2009

3min TS3 sell.........


We did have to wait a while, but sure enough, late in the day we got a nice TS3 sell on the 3min ES chart.

The ES then declined into the first projected target, where the Standard Traders would have look to bank a nice +2.5R Profit (ignoring slippage and commission)

But do you all see how we set the larger degree trend first, then moved to the lower time frame for the individual trade entry...

Thanks, Steve