We have already seen that the 3min Dax gave us a lovely TS4 sell at 8:54EST. So let’s take a look at the 3min ES, using 24hr data and see what unfolded around then. As you can see, the 3min ES did indeed follow suite with an automatic TS4 sell unfolding at 9:06EST.
Normally I use the “day session” times for the US e-minis (9:30 - 16:15EST), but we can get some nice setups just before the open, and that is when having a look at the 24hr data can come in.
As we can see, the ES followed the Dax down, resulting in a nice +7R Profit as DP support came in. For the Advanced Traders among you, notice how this decline unfolded as a minor 5-waves, with the low at the Typical Wave 5 WPT. Also, notice the Stochastic divergence on the entry as well as the exit. For the Advanced Traders among you this was a perfect trade ! And one that I hope the newer traders among you can start to fid for yourselves. Again, all the tools are in MTPredictor and the setups are there, it is just up to you whether you which to take the time to learn how to find them......
Thanks, Steve
Normally I use the “day session” times for the US e-minis (9:30 - 16:15EST), but we can get some nice setups just before the open, and that is when having a look at the 24hr data can come in.
As we can see, the ES followed the Dax down, resulting in a nice +7R Profit as DP support came in. For the Advanced Traders among you, notice how this decline unfolded as a minor 5-waves, with the low at the Typical Wave 5 WPT. Also, notice the Stochastic divergence on the entry as well as the exit. For the Advanced Traders among you this was a perfect trade ! And one that I hope the newer traders among you can start to fid for yourselves. Again, all the tools are in MTPredictor and the setups are there, it is just up to you whether you which to take the time to learn how to find them......
Thanks, Steve
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