A quiet day yesterday

Yesterday (Tuesday) was a quiet day. This can happen after such a big “gap open” where the markets opened sharply lower, before drifting sideways for the rest of the day.

But quiet days are OK, and just part of the Cyclical Nature of Trading. We had a good day on Monday, so a quiet day yesterday was OK.

Thanks, Steve

A good day on Monday

As we can see from the chart. The TS4 sell on the NQ “was valid” as the STF at the sell was black.

This then caught the fall into the close for a nice +4.5R Profit (ignoring slippage and commission).

Adding this to the +2.4R from the ES earlier in the day and Monday was a good day overall

Thanks, Steve

A good day on Monday

Hi Everybody,

Sorry I am posting the charts and comments for Monday a day late, but it was such a good day, I felt that they should be up.

It was an interesting day on the 3min ES, with a valid DP buy coming in around lunch time. This worked out nicely as the ES rallied into the first profit target, where a +2.4R Profit was available (ignoring slippage and commission)

This was a standard setup as the STF was Black. But the TS4 sell later in the day was “against” a blue STF so had to be avoided. But this was not the case on the NQ, see next post.

Thanks, Steve