Russell in on the action later

Also, for those of you who follow the Russell Index, we had a nice TS3 sell later in the day that made a nice +2.2R Profit (ignoring slippage and commission) as well.

So a bit like the day before, on the surface a hard day, but with Patience and Discipline you should have some out OK

Lastly, if you would like to see how amazing MTPredictor really is, please take a look at the Advanced Blog for a trade I was following myself yesterday for a massive +10R !!

Thanks, Steve

Mind the Gap... Part 2

But notice the difference on the 3min YM. Here the TS3 sell was “within a whisker” of filling the gap. And on the YM, the short trade was not stopped out, and went on to reach the DP support zone for a nice +4.3R Profit (ignoring slippage and commission).

Please note, I am not saying that this always will work, but most experience traders will always be aware of “Gaps” and how the markets likes to fill them..........

Thanks, Steve

Mind the Gap...

Hi Everybody,

Yesterday was a hard day, but there was one trade that I would like to look at in a bit more detail. And that was the TS3 sell at 10:54 on the ES and YM.

But first, let’s look at the Gap Down on the open. As the more experienced traders among you will know, gaps will normally “get filled”. So taking a trade where the market is trying to “fill the gap” as we had on the ES yesterday should always be vieww3de with caution. So this was the first sell on the 3min ES yesterday and was just the second one as well.

But this leads me nicely onto how markets do unfold differently. On the ES the 10:54 sell had “not quite” filed the gap, so let’s look at the YM in the next post.

Thanks, Steve