TS4 sell on the 3min TF (Russell Index)

OK, now we have established that the new larger degree trend was down, this TS4 sell on the 3min TF (Russell Index) was a perfect one to look to take, and then even let run.

As you can see, letting this one run (as it was “with” the larger degree down trend) into the close gave a potential +5R Profit (ignoring slippage and commission), making a good end to a very good day yesterday

Thanks, Steve

What of the larger degree trend ?

As you all know, you should always be aware of the larger degree trend, and this is a good example of why I follow all 4 of the US e-minis (ES, YM, NQ and TF). Here the 15min ES made DP resistance about midday, so what do you think the new larger degree trend was now ?

Exactly, down, so looking for shorts was needed.

Yes I did highlight a -1R loss on a TS3 buy on the chart of the 3min NQ in the post below, but do you see how this was now “against” this 15min DP resistance even though this was on the NQ and the 15min resistance was on the ES.

Thanks, Steve

DP Nails low of day on the NQ !!

Hi Everybody,

For the 4th day running MTPredictor has nailed the exact high or low of the day on one of the 4 US e-minis. I think that is pretty fantastic !

Here we can see a automatic DP buy on the 3min NQ. The NQ then rallied strongly. Using the ATRStop would have held the trade for a nice +4.7R Profit (ignoring slippage and commission).

I know a number of you caught this very trade as you emailed me on it yesterday, so very well done.......

Thanks, Steve