3min Chart for the trades

OK now we have established the larger degree trend, and how it changed from down to up on the 15min chart, let’s take a look at the 3min chart.

As you can see, there were a few setups yesterday and I have highlighted the results, including how the TS3 buy early in the day should have been avoided as it was “against” the down trend at the time

Thanks and I hope this has been a good example of how to use the larger degree trend on the 15min chart to then get the trades ion your shorter term 3 and 5min Charts.

Steve

As usual – larger degree trend first

Hi Everybody,

Let’s take a look at the 15min NQ chart, where we can see a perfect example yesterday of how to use the 15min Chart for the larger degree trend....

First the 15min NQ hit DP resistance, this set the trend (on the 3 and 5min Charts) to down, until we reached 15min DP support. This then changed the trend to up.

So bearing this in mind, let’s see what trades there were on the 3min chart

Thanks, Steve