3min Dax

However, just because the US e-minis are quiet does not mean other markets are............

Here is a lovely +5R Profit (ignoring slippage and commission) that has just unfolded on the 3min DAX

Thanks

Steve

NQ on Sep 8 part 2

OK, let’s move down to the 3min Chart.

Here we had a TS1 sell early in the day, that was stopped out for a -1R loss. Yes losses can and do happen, the trick is keeping them small and under control.

Then, later in the day, just as the 15min TS3 buy was coming in, we had a high volume (VSA) spike that unfolded right at DP support. Yes this is a more Advanced technique, but I have shown it many times before. This nailed the low of the day for you !

It was just a pity that the rally off the low was not stronger, as the ATRStop closed the trade for only a small profit. But +1.5R Profit (ignoring slippage and commission) although small was still larger than the -1R loss earlier. As I have already said, a break-even or small profit on a day when the Cyclical Nature of Trading is in the hard part of the cycle is a good result, remember, this comes on the back of some huge profits last week.

Thanks, Steve

NQ on Sep 8

Hi Everybody,

The US E-minis have been brilliant last week and have given us some fantastic and huge profitable trades. In fact, there have so many profitable trades, that I was unable to look at them all in this Blog. But, as we all know form the Cyclical Nature of Trading, after such a good run, then we are overdue for the hard part of the cycle, and that looks to be what happened yesterday with a tracker and quieter day.

Let’s start by looking at the 15min Chart of the NQ, where a Wave 5 high unfolded almost (within a whisker) of DP resistance as well. That set the trend as down in the early part of the day, until the TS3 buy (ABC) low came in later in the day.

So the 15min trend was down in the first part of the day, then turned up later in the day............... Now, onto the 3min Chart.

Thanks, Steve