Thursday 16 September 2010

TS3 long on the 3min NQ


Hi Everybody,

The day ended well yesterday with a nice TS4 buy setups that unfolded on the 3min NQ (eSignal data on MTP v6.5). This was a completely standard setup with the TS4 buy coming when the STF was black. The trade then rallied into the first projected Profit target for a nice +3.2R Profit (ignoring slippage and commission).

I do have to remind people that because data can be different using different data sources that different Traders can and will get different setups. This is the same for “any” trading system, it just a fact of Trading life, and there is nothing we can do about it as Traders. Therefore, it is no good trying to compare your results with a friend, it is best to focus on your own trades. Few amateurs realize or fully appreciate how different data can be, and find it surprising that it is different, but it is.

Thanks, Steve