Hi Everybody,
I have mentioned this before, but please do not forget the 5min Charts, as they very often have some lovely setups. Here is a great example from Friday on the 5min NQ chart, where a TS4 sell gave us a very nice +3.3R Profit (ignoring slippage and commission).
As you can see, the first projected profits target nailed the very low of the day, so was the perfect place to look to bank profits.
It is all too easy to look for shorter and shorter time frames and forget that that slightly longer (5min) charts very often give us smoother swings and as such very nice setups.
Thanks, Steve
I have mentioned this before, but please do not forget the 5min Charts, as they very often have some lovely setups. Here is a great example from Friday on the 5min NQ chart, where a TS4 sell gave us a very nice +3.3R Profit (ignoring slippage and commission).
As you can see, the first projected profits target nailed the very low of the day, so was the perfect place to look to bank profits.
It is all too easy to look for shorter and shorter time frames and forget that that slightly longer (5min) charts very often give us smoother swings and as such very nice setups.
Thanks, Steve
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