My favourite trade setup

OK, now we get onto what I consider my favourite trade setup, and one that is covered in the Trading Course and one that I talk about a lot. Please take a look at the chart.

Step 1 – a Major low unfolded at DP support
Step2 – an “initial rally” off the low, this is Wave (1)
Step3 – we now look for the “initial correction” to unfolded as a lesser degree abc, this is the Wave (2) low
Step4 - we then target the Typical Wave (3) for a strong rally

As you can see, this is EXACTLY what unfolded yesterday on the 3min ES. So I have a question for you all, how many of you saw this and as such took this trade yesterday ? Please email in to me to let me know...

The result as a very nice +4.9R Profit (ignoring slippage and commission)

Thanks, Steve

high volume (VSA) spike

OK, before we get onto the mail setup yesterday, there was a brilliant high volume (VSA) spike buy that nailed the very low of the day on the 3min ES.

As you can see, this was a classic and perfect example of our VSA setup, where we had support at the DP, then got the high volume (VSA) signal on the volume with a blue (buy) bar nailing the low....

This nailed the very low of the day for you – amazing !

Thanks, Steve

As usual – larger degree trend first

Hi Everybody,

I am very excited about today’s posts as we will all see my favourite setup later. But first, let’s take a look at the 15min Chart.

As you can see, the day started with a 15min Down trend, until the 15min ES reached the DP level, where the market stopped and reversed perfectly. In fact we had an automatic DP buy at that low. So this then turned the trend to up for the rest of the day.

Amazing how well these DP’s levels work :)

Thanks, Steve