Russell Index – TS4 sell

The 3min Russell Index also got in on the short trades yesterday with a nice TS4 sell earlier in the day

Advanced Traders would have used the High Volume (VSA) Spike to new lows to protect a nice +3.6R Profit (ignoring commission and slippage)

So, overall, this was a good start to the week :-)

Thanks, Steve

3min TS3 sell.........

We did have to wait a while, but sure enough, late in the day we got a nice TS3 sell on the 3min ES chart.

The ES then declined into the first projected target, where the Standard Traders would have look to bank a nice +2.5R Profit (ignoring slippage and commission)

But do you all see how we set the larger degree trend first, then moved to the lower time frame for the individual trade entry...

Thanks, Steve

Larger degree trend....

Hi Everybody,

As usual, we start with the “larger degree” trend.... As you can see, the 15min ES rally to the DP, where the rally was stopped in its tracks, and a decline started. As such, this set the larger degree trend to down........

So let’s now move to the 3min charts to see if any sell setups unfolded....

Thanks

Steve