3min YM part 2

Just for completeness, as I know some of you moan if I only show a good trade. But please remember, this Blog is not designed to be a “track Record”, I mainly show examples that are designed for training purposes to teach you all how to trade better. And I do show losing trades as well as winners.....

But to keep the moaners quiet let’s take a look at the rest of the 3min YM Chart yesterday. Although I don’t suggest taking all the trades, there were two other trades, a TS1 buy earlier in the day and a TS3 sell later in the day. Worst case these would have been two -1R losses, which is still a lot less than the one +4.5R Profit, best case they were break-even.

Thanks, Steve

PS, again for the moaners, I have not even mentioned the NQ in which there were some good and profitable trades yesterday, so yes I don’t always mention some potential good trades either. But of course, when you moan, you conveniently forget about all the good trades I don’t have time to mention either :-)

3min YM

Hi Everybody,

Well, it was not long before a nice trade came along, as you can see, the 3min YM gave us a beautiful TS3 buy – that nailed the very low of the day for you ! That resulted in a nice +4.5R Profit (ignoring slippage and commission). The Standard Trade management guidelines swapped to the ATRStop as the STF strength band was exceeded.

But the point is how this +4.5R profit was much larger than the two -1R losses on the ES form yesterday, small losses and big profits, this is the key to long term trading success....

Thanks, Steve