Hi Everybody.....
Yesterday was a good example of why you all need to follow all 4 US e-minis, as we will see in the next post. But before we get there, let’s start with the 3min ES where we had a -1R loss. Yes this was only one -1R loss as the low was taken out after the first signal “before” it was filled so no trade. So only one -1R loss here.
Then we had a DP buy that nailed the low. The ES rallied nicely to reach the DP target where profit were taken (as the STF was weak) for a nice +2.4R Profit (ignoring slippage and commission).
It would have been nice to then “stop and reverse” to the TS4 sell, but the STF was blue. But, let’s look at the NQ in the next post.........
Thanks, Steve
PS, please also see the Advanced Blog, for an “experts” eye on the TS4 sell......
Yesterday was a good example of why you all need to follow all 4 US e-minis, as we will see in the next post. But before we get there, let’s start with the 3min ES where we had a -1R loss. Yes this was only one -1R loss as the low was taken out after the first signal “before” it was filled so no trade. So only one -1R loss here.
Then we had a DP buy that nailed the low. The ES rallied nicely to reach the DP target where profit were taken (as the STF was weak) for a nice +2.4R Profit (ignoring slippage and commission).
It would have been nice to then “stop and reverse” to the TS4 sell, but the STF was blue. But, let’s look at the NQ in the next post.........
Thanks, Steve
PS, please also see the Advanced Blog, for an “experts” eye on the TS4 sell......
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