Hi Everybody,
I know I have mentioned it before, but it is important to not only follow all 4 of the US e-minis (ES, YM, NQ and TF) but also on the 5 as well as 3min Charts.
Friday was a perfect example, as the best trade came on the 5min Russell Index (TF). As you can see, early in the afternoon the 5min TF made a lovely ABC correction that setup an automatic TS3 buy setup. This nailed the low nicely and the Russell rallied into then close, where a nice +3.2R Profit was made (ignoring slippage and commission) ....
Yes there was a valid -1R loss earlier in the day, but the +3.2R Profit more than made up for this making money overall on the 5min TF. As usual, small loss and Big Profits is what successful trading is all about............
So the message here, is not to not only follow all 4 of the US e-minis (ES, YM, NQ and TF) but also on the 5 as well as 3min Charts.
Thanks, Steve
I know I have mentioned it before, but it is important to not only follow all 4 of the US e-minis (ES, YM, NQ and TF) but also on the 5 as well as 3min Charts.
Friday was a perfect example, as the best trade came on the 5min Russell Index (TF). As you can see, early in the afternoon the 5min TF made a lovely ABC correction that setup an automatic TS3 buy setup. This nailed the low nicely and the Russell rallied into then close, where a nice +3.2R Profit was made (ignoring slippage and commission) ....
Yes there was a valid -1R loss earlier in the day, but the +3.2R Profit more than made up for this making money overall on the 5min TF. As usual, small loss and Big Profits is what successful trading is all about............
So the message here, is not to not only follow all 4 of the US e-minis (ES, YM, NQ and TF) but also on the 5 as well as 3min Charts.
Thanks, Steve
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