Hi Everybody,
Again, yesterday was a good example of why I say to keep an eye on the 5min Charts as well as the 3min ones, as the best trades yesterday were on the 5min charts.
For the Standard Traders among you, the 5min NQ was the one to consider as the TS3 buy came in on a blue/black STF. The NQ then rallied nicely into the first project profit target, where a nice +3R Profit (ignoring slippage and commission) was available. (eSignal data in MTP v6.5)
But the markets did continue higher later in the day, so was there a way to take advantage of this ? Yes, and that is what I will look at in the Advanced Blog.
Thanks, Steve
Again, yesterday was a good example of why I say to keep an eye on the 5min Charts as well as the 3min ones, as the best trades yesterday were on the 5min charts.
For the Standard Traders among you, the 5min NQ was the one to consider as the TS3 buy came in on a blue/black STF. The NQ then rallied nicely into the first project profit target, where a nice +3R Profit (ignoring slippage and commission) was available. (eSignal data in MTP v6.5)
But the markets did continue higher later in the day, so was there a way to take advantage of this ? Yes, and that is what I will look at in the Advanced Blog.
Thanks, Steve
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