+7R Profit on the 3min Dax

But now compare the ES trade (post below) to a TS3 buy on the 3min DAX at the same time............

Here the DAX rallied nicely to reach the first profited profit target, where standard traders would have banked a nice +7R Profit (ignoring slippage and commission).

This just goes to show why it is a good idea to follow more than just one market, and how the same set, at the same time, on deferent markets can work out very differently

Thanks, Steve

3min ES

Hi Everybody,

Sometimes days can just be hard work and frustrating. For example, if you look at this 3min ES chart, you can see that we got a TS3 buy at 11.42EST. But the ES just went sideways for the rest of the day, and this trade would have been ultimately closed on the close for a +2.2R Profit (ignoring slippage and commission).

Yes this was a profit, but it was certainly a frustrating trade.................. But as professional traders, we have to accept that sometime trading can be hard work. This is just life !

BTW, the reason the TS3 is shown as a “history triangle” is that the ES made a “double bottom” a few bars later, so the pivot moved over ......... But the long trade was never stopped out.

Thanks, Steve