Hi Everybody,
You should all be with what I call “My favourite setup” as I out detailed it many many times before. It is when I look for the “first correction” off a “initial rally” off an “important low” to unfold as an abc pattern. Well that is exactly what we got on the 3min ES yesterday.
As you will see in the Advanced Blog, there was good initial support from the 15min Chart, so when this TS3 buy unfolded it was a good one to consider, even though the STF was red at the time. The target was the Typical Wave 3 WPT. As you can see, there was a massive +8.4R Profit (ignoring slippage and commission) available as the Typical Wave 3 WPT target was reached !
This is why I love this setup so much, as it carries such a high profit potential.
Thanks, Steve
You should all be with what I call “My favourite setup” as I out detailed it many many times before. It is when I look for the “first correction” off a “initial rally” off an “important low” to unfold as an abc pattern. Well that is exactly what we got on the 3min ES yesterday.
As you will see in the Advanced Blog, there was good initial support from the 15min Chart, so when this TS3 buy unfolded it was a good one to consider, even though the STF was red at the time. The target was the Typical Wave 3 WPT. As you can see, there was a massive +8.4R Profit (ignoring slippage and commission) available as the Typical Wave 3 WPT target was reached !
This is why I love this setup so much, as it carries such a high profit potential.
Thanks, Steve
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