OK, let’s now look at the 3min YM chart.
As I have already said, we had two automatic Buy setups, but can you see the difference, now you have seen the “larger degree trend” on the 15min Chart ? The first (TS3 buy) was “with” the up trend, at the time, into the 15min DP. But (and this is important), the second (TS4 buy) was “against” a new down trend as the 15min Chart found resistance at the 15min DP.
So the first trade was a good one to consider, while the second was best avoided.......
This has been a good example for you all to see how to use the 15in chart for the “larger degree trend”....
Thanks, Steve
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