A brilliant start in Europe

Hi Everybody,

After the great end to the week last week in the USA (on the e-minis), Europe has continued the great run with a brilliant TS3 long trade that made a very nice +5R this morning on the 3min Dax (ignoring slippage and commission).

What a great start to the week :)

Thanks, Steve

3min TF

Then we had a nice ABC decline for a automatic TS3 buy that unfolded later in the day on the 3min Russell Index

Again, a standard trade, that was managed using the standard trade management guidelines, this time for a nice +4.4R Profit on the close (ignoring slippage and commission).

So, all in all, a good end to the week :)

Thanks, Steve

3min YM

Hi Everybody.

Well, in my last post I did say that we were now in the “good part” of the cycle in the Cyclical Nature of Trading, so another good day on Friday should have come as no surprise. We all have to remember about the Cyclical Nature of Trading, where Profits , losses and the quiet times all go in cycles, so the trick is keeping the losses small in the bad time so you are ready to maximise your profits in the good times, and this is where we are now.....

Both the YJ and Russell Index had good days, so let’s start with the YM

A standard trade, that was managed using the standard trade management guidelines for a nice +2.3R Profit (ignoring slippage and commission). There uis little else I can add, as the charts says it all

Thanks, Steve