+10.9R Profit on the 3min YM !

The ES was not the only market yesterday that has brilliant trades, the YM also had a TS3 sell setup, please see the chart. Here the profit at the first target was a massive +10.9R (ignoring slippage and commission) !

What a brilliant day on Friday !!

Thanks, Steve

A brilliant day

Hi Everybody,

Well I did say that it would not be long before we had a few good days . This is just how the Cyclical Nature of Trading unfolds in the real world. And Friday was another good day. If we first look at the 3min ES, we can see how we got a TS3 sell in the morning. This nailed the high nicely, before the ES started to drift lower. This decline kept of going and going, until it reached the first projected profit target, where standard traders would have banked a very nice +6.4R Profit (ignoring slippage and commission).

This just goes to show how we should understand the Cyclical Nature of Trading. After a bad day on Wednesday it was all too easy to give up. But then you would have missed two brilliant days on Thursday and Friday where some big profits came through....

Thanks, Steve