Daily S&P update

Hi Everybody,

It is nice to see the S&P continue its rally off the March 6th low, that came in at our DP support zone........

Will the rally continue up into the 900 area where the next DP lies in wait ?

Steve

3min ES trade for +3.9R Profit

Hi Everybody,

Here is a good example of an Advanced Trade setup (for the Advanced Traders only, as the TS3 buy was against a red STF) that unfolded on the 3min ES yesterday (Monday April 13th).

As you can see, the ES rallied nicely to reach the first projected profit targets. There was also DP resistance in this area as well. As the STF was weak at this time, it would have been a good idea to look to bank the +3.9R Profit at that time.

Yes the markets did rally higher later in the day, but “at that time” the sensible course of action would have been to bank the good +3.9R Profit.

Thanks

Steve

Hi Everybody,

As Friday April 10 and Monday April 13 were holidays (Easter) here in the UK, there were no posts

Thanks

Steve