Hi Everybody,
Today I would like to remind you all again not to forget the longer term charts. When day trading it s all too easy to get hung up on the 3min charts and then forget the 5min. But you can get some great setups on these, for example 3 out of the 4 US e-minis gave a buy setup on the 5miin chart just before the run up into the close yesterday.
Here is the trade on the 5min ES, as you can see, the result was a nice +3R Profit (ignoring slippage and commission) as the ES rallied strongly into the close. So a nice trade to catch :-)
Thanks
Steve
Today I would like to remind you all again not to forget the longer term charts. When day trading it s all too easy to get hung up on the 3min charts and then forget the 5min. But you can get some great setups on these, for example 3 out of the 4 US e-minis gave a buy setup on the 5miin chart just before the run up into the close yesterday.
Here is the trade on the 5min ES, as you can see, the result was a nice +3R Profit (ignoring slippage and commission) as the ES rallied strongly into the close. So a nice trade to catch :-)
Thanks
Steve
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