A good start for the European Traders...

Hi Everybody,

The European Traders among you had a very good start to the week, with a very nice TS3 buy setup on the 3min Dax just this morning.....

As you can see, this was a completely standard TS3 buy setup as it was on a blue STF. Profit were taken at the first target as the STF was weak, all for a very good +5.9R Profit (ignoring slippage and commission.

What a great start to the week !

Thanks, Steve

Don’t forget the 5min Charts

Hi Everybody,

I have mentioned this before, but please do not forget the 5min Charts, as they very often have some lovely setups. Here is a great example from Friday on the 5min NQ chart, where a TS4 sell gave us a very nice +3.3R Profit (ignoring slippage and commission).

As you can see, the first projected profits target nailed the very low of the day, so was the perfect place to look to bank profits.

It is all too easy to look for shorter and shorter time frames and forget that that slightly longer (5min) charts very often give us smoother swings and as such very nice setups.

Thanks, Steve