TS3 sell on the 3min NQ

OK, now we know that the larger degree trend was down let’s move down to the 3min charts to see what there was. The NQ came up trumps with a nice TS3 sell that nailed the high before a decline started to unfold.

Trailing the stop 1 tick above the bars highs after reaching the first projected target locked in a very nice +7R Profit (ignoring slippage and commission)

I did say a few days again that the “Cyclical Nature if Trading” was overdue for some nice trades, well it looks they are starting to come in now :-)

Thanks, Steve

15min trend

Hi Everybody,

OK, let’s start with the 15m min “larger degree” trend on the US markets yesterday. The clearest picture was on the 15min ES as it hit DP resistance and then started to decline, This set the trend to down for the rest of the day.

As usual, with the larger degree trend down,. We should be focusing on sell setups on the short-term 3 and 5min Charts

Thanks, Steve