Another perfect example of Patience Part 2

Here is the ES 15min Chart.

As you can see, the 3min TS4 buy came at a 15min TS2 buy. Then the 15min ES was moving up to a Wave 5 high. That was why you should have looked to hold your 3min TS4 longs and not look to swap to shorts as 3min sells came in, because the 15min trend was clearly up at that time.......

Thanks

Steve

Another perfect example of Patience

Hi Everybody,

Amazing how yesterday gave us another perfect example of an almost identical trade from the day before. As you can see, after a -1R loss, then we had a TS4 buy, that nailed the low of the day (we have now done this for 2 days running !). The ES then crept higher until the DP target was reached, where the STF was strong, so we swapped to the ATRStop for a very nice +3.8R Profit (ignoring slippage and commission).

So again, and absolutely perfect example of where patience to let the trade unfold and mature was needed.

The only question camas as some sells unfolded along the way..... But these were “against” the 15min Up trend (next post) so should have been ignored...

So again, the lesson is patience............

Steve