3min ES Part 2

Here is a chart of the second TS4 sell that I talked about in the post before. As you can see, a nice +3.6R Profit (ignoring slippage and commission)

Thanks, Steve

3min ES

Hi Everybody,

After a few quiet days, we came back to a good day on the US e-minis yesterday. This is just the “Cyclical Nature of Trading”, that you all should know very well by now !

So let’s take a look at the 3min ES, which started with a sell early in the day, but this was “not valid” as it was against a blue STF (up trend). Then the ES decline into a TS4 buy, that was valid............. The ES then rallied into a TS3 Sell which was also valid (Black STF), this was a case for a “stop and reverse”, banking a small +0.9R Profit (ignoring slippage and commission) along the way.

Then we have two “history triangles”, but only one -1R loss (as they were a “double top”). Sp here you were +0.9r up and -1R down, so very pretty much break-even, when a nice TS4 sell came in. This nailed the high before the markets started a sharp decline.

The result of this last sell was a nice +3.6R Profit (ignoring slippage and commission), making the day a good one overall..............

Thanks, Steve