+3.5R on the NQ.....

So far so good, even after the small -1R loss, you should have been +2R Profit on the ES. But as the low on the ES came in the 3min NQ gave TS1 buy (MTP v6.5) that nailed the low.

The NQ rallied into the first Profit target, where +3.5R Profit was available (ignoring slippage and commission).

Add this to the profits earlier on the ES and it was a good day yesterday................. And I have not even had time to mention the TS3 sell on Russell (TF) that came in later in the day that added further profits. Making yesterday a very good day indeed !

Thanks, Steve

A small loss later.

So far so good, you were up +3R, but then you had a -1R loss. But as usual this loss was small when compared to the prior +3R Profit. Then we had a TS2 sell that made a double top a few bars later (so was not stopped out). This short trade then started to decline nicely.

As you would have been on a small profits, you should have had your stop “at least” at break-even, making this a break-even trade.

But the day did not stop there, as the low on the ES was coming in, let’s take a look at the NQ in the next post.

Thanks, Steve

Yet another good day............

Hi Everybody,

Yesterday was yet another good day, that started with a lovely TS1 sell in the 3min ES. As you can see, the STF was Black, so this was OK to take. The ES then declined nicely to reach the first projected Profit target, where the STF was weak, so profits were taken at the WPT target. This is all text book stuff and all using the standard guidelines.

The result was a quick +3R Profit (ignoring slippage and commission). A nice start to the day !

Thanks, Steve