Hi Everybody,
I have said it before, you should follow all 4 US e-minis. This is because you can get a setup on one of them and not the others. A great example is yesterday, where the best trade unfolded on the 3min Russell Index (TF). As you can see, we got a lovely TS3 sell just before the sharp fall yesterday.
Yes, Standard Traders would have come out at the first target, as the STF was weak, but this still banked a very nice +4.2R Profit (ignoring slippage and commission). As I have been saying over the3 last few days, this profit is much larger than the losses (at -1R) and this is what makes a successful trader...
Thanks, Steve
PS, I know you are all looking to catch the whole fall that unfolded yesterday, so let’s take a look in the Advanced Blog.
I have said it before, you should follow all 4 US e-minis. This is because you can get a setup on one of them and not the others. A great example is yesterday, where the best trade unfolded on the 3min Russell Index (TF). As you can see, we got a lovely TS3 sell just before the sharp fall yesterday.
Yes, Standard Traders would have come out at the first target, as the STF was weak, but this still banked a very nice +4.2R Profit (ignoring slippage and commission). As I have been saying over the3 last few days, this profit is much larger than the losses (at -1R) and this is what makes a successful trader...
Thanks, Steve
PS, I know you are all looking to catch the whole fall that unfolded yesterday, so let’s take a look in the Advanced Blog.
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