A good day on the e-minis

OK, let’s also look at the 3min NQ...........

And here we can see that the STF was black at the time of the TS4 sell, so this could have been taken using the standard guidelines.

The NQ then declined nicely into the DP target, where a nice +3.9R Profit (ignoring slippage and commission) was banked. Add this to the +1.4R Profit form the ES and it was a good day on the e-minis yesterday..........

Thanks, Steve

A good day on the e-minis

Hi Everybody.....

Yesterday was a good example of why you all need to follow all 4 US e-minis, as we will see in the next post. But before we get there, let’s start with the 3min ES where we had a -1R loss. Yes this was only one -1R loss as the low was taken out after the first signal “before” it was filled so no trade. So only one -1R loss here.

Then we had a DP buy that nailed the low. The ES rallied nicely to reach the DP target where profit were taken (as the STF was weak) for a nice +2.4R Profit (ignoring slippage and commission).

It would have been nice to then “stop and reverse” to the TS4 sell, but the STF was blue. But, let’s look at the NQ in the next post.........

Thanks, Steve

PS, please also see the Advanced Blog, for an “experts” eye on the TS4 sell......