3min ES longs

OK, now we know that the trend was up let’s take a look at the buys on the 3min ES.

The day did not start well with 2 -1R losses. As all professional traders know, losses can and do happen, but the trick is keeping them small.

Then we got a lovely (more on this later) DP buy that nailed the low of the day. With the STF strong, standard traders would have swapped to the ATRStop, which help the long trade into the close for a nice +3R Profit (ignoring slippage and commission)

But do you all see the important point here, even with two losses you make money overall, because the losses were kept small at just -1R each and the profit was much larger than this at +3R. This is the trick to successful trading – keeping the losses small and Profits larger, and that is what MTPredictor does for you :)

Thanks, Steve

Larger degree trend

After a few easier days at the end of last week, the Cyclical Nature of Trading is beginning to push round to the harder part of the cycle, and that was evident in the larger degree trend yesterday, which was not as clear as I would have liked. This does happen and is something we must all be aware of.....

For me, the biases was to the upside yesterday, so longs were to order of the day for the Standard Traders among you.

So with that in mind, let’s move onto the 3min ES chart in the next post

Thanks, Steve

A brilliant start in Europe

Hi Everybody,

After the great end to the week last week in the USA (on the e-minis), Europe has continued the great run with a brilliant TS3 long trade that made a very nice +5R this morning on the 3min Dax (ignoring slippage and commission).

What a great start to the week :)

Thanks, Steve

3min TF

Then we had a nice ABC decline for a automatic TS3 buy that unfolded later in the day on the 3min Russell Index

Again, a standard trade, that was managed using the standard trade management guidelines, this time for a nice +4.4R Profit on the close (ignoring slippage and commission).

So, all in all, a good end to the week :)

Thanks, Steve

3min YM

Hi Everybody.

Well, in my last post I did say that we were now in the “good part” of the cycle in the Cyclical Nature of Trading, so another good day on Friday should have come as no surprise. We all have to remember about the Cyclical Nature of Trading, where Profits , losses and the quiet times all go in cycles, so the trick is keeping the losses small in the bad time so you are ready to maximise your profits in the good times, and this is where we are now.....

Both the YJ and Russell Index had good days, so let’s start with the YM

A standard trade, that was managed using the standard trade management guidelines for a nice +2.3R Profit (ignoring slippage and commission). There uis little else I can add, as the charts says it all

Thanks, Steve

Now to the 3min Chart for the trades

OK, now we know that the larger degree trend was up, lets move down to the 3min Chart.

Here we have two buys and one sell yesterday. As the trend was clear up, the Standard Traders among you would have focused on the two buys.

The first of these would have been break-even, but the second was the best trade, with a Profit of approx +5R on the Close (ignoring slippage and commission).

This char is worth a few more comments for the more experienced traders among you, in that the second (TS3) buy was a lot “clearer” with nice clean swings than the TS1 earlier. You have heard be talk before about only trading when the “pattern is clear” and this is a good example, and why I (personally) would have preferred just the TS3 buy as it had a clearer pattern.

Thanks, Steve

Larger degree trend on 15min Chart

Hi Everybody,

We all know about the Cyclical Nature of Trading by now, and it is nice to see that after a hard and tricky period, we are back in the good times with another good day, particularly on the NQ yesterday....

But lets start with the 15min NQ chart, for the larger degree trend. And this was a lot easier yesterday with a TS4 low catching the low, and as such seting the trend to be up for the rest of the day.

I like it when patterns are nice clear, clean and obvious.

Thanks, Steve