OK, now lets move over to the 5min Chart. As the STF was red, we should have been looking for just sell setups, and we got three of these later in the day. The first of these was “at the same time” as the -1R loss on the 3min Chart, so should not be counted here, on the 5min Chart. We then had a valid -1R loss just before the TS4 sell nailed the high perfectly.
The ES then declined into the close, where a nice +4.1R Profit (ignoring slippage and commission) was available.
So -1R plus +4.1R makes a nice +3.1R Profit for the day. But as we have seen, this came from the 5min chart, when the 3min signals were flat
Thanks, Steve
PS, please take a look at the Advance Blog for why this last TS4 sell was a “high confidence” trade.
The ES then declined into the close, where a nice +4.1R Profit (ignoring slippage and commission) was available.
So -1R plus +4.1R makes a nice +3.1R Profit for the day. But as we have seen, this came from the 5min chart, when the 3min signals were flat
Thanks, Steve
PS, please take a look at the Advance Blog for why this last TS4 sell was a “high confidence” trade.
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