Hi Everybody,
Just a reminder that “Standard Traders” should only trade “in the direction of” the STF colour, so that is blue/black for a buy and red/black for a sell. Only “Advanced traders” should consider going against this, when they use the larger degree 15min charts. But to keep it simple for the newer traders among you please just trade with the STF colour. Once you become more experienced you can look to use the 15min charts and then you will be taking trades against the STF.
So this mean ignoring the two sells early in the day on the 3min NQ. But then taking the TS3 buy at 14:33, but this resulted in a -1R loss. Losses are OK, because straight after we got another TS3 buy, this one nailed the low.
The NQ then rallied nicely to reach the first projected profit target, where a profit of +3.7R (ignoring slippage and commission) was made. But do you see the important part here ? The Profit was much much larger than the loss. This is what makes money over time – big Profits and small losses. And that is what MTPredictor helps you achieve.
Thanks, Steve
Just a reminder that “Standard Traders” should only trade “in the direction of” the STF colour, so that is blue/black for a buy and red/black for a sell. Only “Advanced traders” should consider going against this, when they use the larger degree 15min charts. But to keep it simple for the newer traders among you please just trade with the STF colour. Once you become more experienced you can look to use the 15min charts and then you will be taking trades against the STF.
So this mean ignoring the two sells early in the day on the 3min NQ. But then taking the TS3 buy at 14:33, but this resulted in a -1R loss. Losses are OK, because straight after we got another TS3 buy, this one nailed the low.
The NQ then rallied nicely to reach the first projected profit target, where a profit of +3.7R (ignoring slippage and commission) was made. But do you see the important part here ? The Profit was much much larger than the loss. This is what makes money over time – big Profits and small losses. And that is what MTPredictor helps you achieve.
Thanks, Steve
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