3min ES follows the Dax

We have already seen that the 3min Dax gave us a lovely TS4 sell at 8:54EST. So let’s take a look at the 3min ES, using 24hr data and see what unfolded around then. As you can see, the 3min ES did indeed follow suite with an automatic TS4 sell unfolding at 9:06EST.

Normally I use the “day session” times for the US e-minis (9:30 - 16:15EST), but we can get some nice setups just before the open, and that is when having a look at the 24hr data can come in.

As we can see, the ES followed the Dax down, resulting in a nice +7R Profit as DP support came in. For the Advanced Traders among you, notice how this decline unfolded as a minor 5-waves, with the low at the Typical Wave 5 WPT. Also, notice the Stochastic divergence on the entry as well as the exit. For the Advanced Traders among you this was a perfect trade ! And one that I hope the newer traders among you can start to fid for yourselves. Again, all the tools are in MTPredictor and the setups are there, it is just up to you whether you which to take the time to learn how to find them......

Thanks, Steve

Holy Grail trade on the 3min Dax

Hi Everybody,

The 3min Dax had another brilliant “Holy Grail” trade yesterday. Please remember that just because there is a History Triangle, it does not mean that it was a losing trade. In this example, the Dax made a double top, so the initial TS4 short trade was not stopped out.

As you can see, this nailed the high, just before the Dax collapsed. With +14.4R Profit (ignoring slippage and commission) available as DP support came in, this was another amazing trade. If you would like to see how this TS4 sell came in at a “larger degree” Wave (2) please see the Advanced Blog, where I take a more detailed look at this setup.

I know that some of you don’t trade the Dax, so in the next post I will take a look at the 3min ES (using 24hr data) to see what unfolded at the same time as this Dax sell setup

Thanks, Steve