Another small profit later in the day

For the Advanced Traders among you, there was a nice high volume (VSA) sell later in the day. But as we have already seen, because the markets were only making small swings yesterday, the profit was small, but it was a profit

Thanks

Steve

First minor target (again)

Hi Everybody,

Yesterday I looked at using the DP form the prior Wave b swing as a “first minor” target when the markets are only making small swings. Well, another example unfolded on the 3min NQ again yesterday.

As you can see, the decline from the TS3 sell early in the day did decline, buy only slightly, but, just look where the low came in, right at the DP from the prior Wave b low. Just as I outlined in my Blog entry yesterday......

BTW, it is no surprise that we are only getting small profits at the moment and this is because we are just in that part of the cycle and the markets are only making small swings at the moment. You should all know about the Cyclical Nature of Trading by now, as I mention it regularly. As you all know, this will change as we move back onto the big profits part of the cycle soon.

Thanks

Steve