NQ DP Buy

Hi Everybody,

As I said below, there were so many good trades yesterday it has been hard deciding which one to talk about today. The one that interested me the most was the DP buy on the 3min NQ. The reason I liked this was that it came just after the open so was also one of our “Gap Open” plays as well.

The STF strength band was quickly exceeded so the trade management swapped to the ATRStop, which held the long as the rally continued, eventually stopping out the trade for a nice +6.5R Profit (ignoring slippage and commission)....

But do you all see what has happened here, we had a few hard and quieter days earlier in the week, but now we have come back to some brilliant and massive Profits. This came on the back of some massive profitable days last week. This is just the natural Cyclical nature of the markets. We all need the patience and discipline to sit though the hard days, because the good days will come round. So I hope me talking about this day after day, and showing you the cycle day after day has helped you understand how markets really unfold in the Real World !

Thanks, Steve

15min DAX long

I know we mainly look at 3 and 5min Chart and use the 15min for the longer time frames analysis, but I just want to remind you that you can still get some nice trades on the 15min Charts itself.

Here is a great example on the 15min DAX form just yesterday. As you can see, this nailed the low beautifully before the DAX rallied strongly. It has just reached the project profit target (as the STF is weak) where a profit of approx +8R (ignoring slippage and commission) was available.

As I said yesterday, there were just so many good trades yesterday I am finding it hard which once to tell you about in today’s Blog entries.....

Thanks, Steve

3min FTSE – TS3 sell

Hi Everybody.

Wow, where do I start, Thursday was an absolutely amazing day with profits on so many markets I simply do not have time to cover them all here. But seriously, this is yet again a perfect example of the Cyclical Nature of the markets, because after a quiet start to the week, we now have some brilliant profits coming though.

I would like to start with a perfect TS3 sell on the 3min FTSE, for the European traders among you. There is little for me to add to the chart as this was a standard TS3 trade setup that was managed using the standard trade management guidelines (ATRStop was used as the STF strength band was exceeded).

The result, a very nice +4.4R Profit (ignoring slippage and commission)

This was using the standard trade management guidelines. The Advanced Traders among you could have come out at the low for nearer +6R Profit as the 15min DAX was putting in a very nice ABC low (next post). But even +4.4R Profit using the standard guidelines is a very nice Profit

Thanks, Steve