3min FTSE – TS3 sell

Hi Everybody,

While us UK traders wait for Murray to take Centre Court this afternoon, there was a nice TS3 sell on the 3min FTSE to get us in the mood.

The result a nice +3.8R Profit using the standard trade management guidelines............

Good luck to Murray, It would be nice to have a brit in the Wimbledon Final after so many years !

Steve

ES – 3min Chart

Hi Everybody

As far as individual trades on the shorter-term, 3 min charts, it looks like we are in the difficult part of the cycle. You all know and understand about the Cyclical Nature of Trading now :-)

As you can see form the chart, yesterday was a horrible day with only small choppy swings producing just a sideways day. Very very hard to try and trade so best to avoid days like this....

Thanks

Steve

YM – 15min Chart

Hi Everybody

Well, yesterday’s sharp fall in the US should have come as no surprise to anybody, especially as I spent so much time looking at the high on the YM (15min) yesterday. As you can see form the chart today, the fall actually went further than our initial targets, but the point is that the fall did continue from the high called a few days ago...

Thanks

Steve