As profit was being taken on the 3min NQ short, a TS3 buy was coming in on the 5min Chart. The first one of these buys ended up as a -1R loss, but the second nailed the low perfectly. The NQ then rallied strongly for the rest of the day. The result was a nice +4.1R Profit (ignoring slippage and commission). So even after the -1R loss earlier, this mean +3R Profit overall. Yet again, a brilliant example of how small losses and big profits can make you money overall.
So overall it was a very good day on the US e-minis and is yet another example of how the good days will follow some harder days that unfolded midweek. This is just the natural cyclical nature of the markets and something all professional traders know and understand.
Thanks, Steve
So overall it was a very good day on the US e-minis and is yet another example of how the good days will follow some harder days that unfolded midweek. This is just the natural cyclical nature of the markets and something all professional traders know and understand.
Thanks, Steve
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