How the 3min Charts “fitted in” to the 5min

But what I found the most interesting of all, was how these two 3min TS3 sells (abc corrections) unfolded at Wave (2) and Wave (4) corrections on the 5min Chart. With the low of the day at the minimum Wave 5 WPT, this all “fitted together perfectly.............

Notice how there was a nice DP sell, that nailed the high of the day for you. The ES (3 and 5min) had the same, so that could have netted yet another massive profitable trade for you yesterday...........

So all in all, yesterday was a massive day. But then this was only to be expected as the e-minis have been quiet for the last few days so we were overdue for a massive day. This is why I talk so much about the Cyclical Nature of Trading. I just hope you all had the patience and disciple to wait and then make the most of yesterday, as the trades were there for you !

Steve

Then, later in the day, another TS3 sell appear. The difference here was that the STF was weak, so you should only have looked to the first profit target.

This was OK, as it brought in another +2.8R Profit (ignoring slippage and commission)

Steve

What a day !!

Hi Everybody

What an amazing day yesterday on the US e-minis. With so many great, and hugely profitable, trades, it is hard to know where to start.

The 3min YM was the star of the day with 2 beautiful sells on the 3min Chart. The first of which declined nicely into the Typical Wave 3 WPT target zone. The Advanced Traders among you would have know to start to lock in profits (by trailing your stop) at this level, especially when this was locking in a massive profit of over +8R (ignoring slippage and commission)

But the YM did not stop there............... next post.

Steve