3min ES – TS3 sell

OK, now onto a perfect (and standard) TS3 sell that unfolded later in the day.

As you can see, this nailed the end of the Wave C correction just before a continued decline. The STF strength band was exceeded so we swap to the ATR Stop. The result was a nice +5.9R Profit (ignoring slippage and commission).

As this was a standard and automatic setup with the standard trade management guidelines, all MTPredictor users should have caught this one :-)

Thanks

Steve

3min ES – Gap Open play

Hi Everybody,

Wow, the good trades just keep on coming. But seriously, this is a direct response of the cyclical nature of trading and because we had such a few hard days at the end of last week. The cycle has now turned and we are in the 3rd straight good day on the US e-minis.

I would like start today with one for the Advanced Traders among you, and was call I made in my Sales Webinar yesterday. This was a “Gap open” play. I have shown this before, where we look for a reversal at the DP just after a gap open. The target is then the opposing DP level.

As you can see, the ES behaved perfectly gapping up into the DP, then reversing, entering a new short trade, then promptly falling into the opposing DP for a nice +3.3R Profit (ignoring slippage and commission) – perfect, especially as this was called “at the time” in my webinar.

Thanks

Steve