Russell helps out.

This is a good example of why I say to follow all 4 e-minis, because they do unfold differently. So with -2R on the 3min ES, this +2.2R Profit (ignoring slippage and commission) on the 3min Russell was welcome.

As you can see, the TS1 sell was “in line” with a red STF so was a Standard setup. Even at the first target, this was a nice +2.2R Profit (ignoring slippage and commission). Yes, there was a -1R loss earlier, but that still makes +1.1R Profit on the day for the 3min Russell. +1.2R helps offset the -2R from the ES, making yesterday only a slightly down day.

Thanks, Steve

PS, But the Advanced Traders among you should have spotted another lovely trade on the ES. Please see the Advanced Blog.

Cyclical Nature of Trading....

Hi Everybody,

You are all very well aware with the Cyclical Nature of Trading by now, so a quiet day yesterday should have come as no surprise, especially after the brilliant trades over the last few days.................

A good example is the 3min ES, where we had two (-1R) losing trades. It is important to show losses, as it is important to understand that losses can and do happen when trading............ But (and this is the important part) the losses were kept small.

But, if you were following all the 4 e-minis, like we suggest, then the TF (Russell Index) would have help make some of these losses back, see next post.

Thanks, Steve