A good day yesterday.... Part 2

After a god start to the day on the 3min ES, the 3min NQ got in on the act with a YS3 buy later in the day, that made approx. +1.8R Profit (ignoring slippage and commission) on the close. Add this to the +2.8R Profit from the ES earlier, and you had a good day yesterday..............

Notice how the STF was blue all day, so sells were avoided....

This is why I keep on taking about the Cyclical Nature of Trading, and why it is so important to keep the losses small during the bad times, because the good days, with good profitable trades will come around again, and you must be ready to catch them.....

Thanks, Steve

A good day yesterday....

Hi Everybody,

Yesterday was a good day for the Standard Traders among you, which started with a nice S3 buy in the morning on the 3min ES.....

As you can see, the ES rallied nicely to reach the first projected profit target – that nailed the high of the day for you ! For a nice +2.8R Profit (ignoring slippage and commission).

Notice how this TS3 long did not get stopped out as the ES made a “double bottom” a few bars after the entry...........

Thanks, Steve