Friday 30 April 2010

Always look at all 4 e-minis


Hi Everybody,

Yesterday was a great example of why I always suggest to look at all 4 of the US e-minis. As I suspected the trades were quiet yesterday (after a good few days), but there was a nice TS2 buy (that was “in line with” a blue STF) on the 3min Russell Index.

As you can see, this resulted in a nice +3R Profit (ignoring slippage and commission). But the point is that would have missed this nice trade if you only follow the ES of just one of the other e-minis. This is why I always suggest following all 4 of them.

We are going into a long holiday weekend here in the UK, so may I wish you all a good holiday and I will be back next Tuesday.

Thanks

Steve