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

A good day for the US e-minis - Part 2

But it was when this DP buy came in later in the day on the 3min NQ, which added a nice +2.6R Profit (ignoring slippage and commission), that the day started to look good.

Again, this DP buy was a standard setup as it unfolded on a black STF (Dec contract, with eSignal data), and the hit the initial target with a weak STF.

Thanks, Steve

A good day for the US e-minis - Part 1

Hi Everybody,

After a quiet day on Wednesday, yesterday was a good day. Let’s start by looking at the 3min YM. But first, I hope you all remembered to move forward to the Dec contracts yesterday, as they are now the “front month”.

On the 3min YM, you had to wait until late in the day for the TS2 sell, that gave you the best profit of the day. This was a standard setup, on a red STF. Although the Profit was small at +2.4R (ignoring slippage and commission), it more than made up for the -1R loss earlier in the day.

Thanks, Steve

+9R Profit on the DAX

Hi Everybody,

Just because the US e-minis have been quiet, it does not mean that all markets have been. Here is a brilliant long trade off an automatic DP buy that has just made +9R Profit on the 3min Dax just this morning !

As you can see, first we had a -1R loss. But (as usual) this loss was kept small and under control, then the automatic DP had you long from the low, after which a strong rally unfolded. As the first target was reached, the STF was strong, so standard traders would have swapped to the ATRStop. This held you long as the Dax continued to rally.....

The result was a massive +9.2R Profit (ignoring slippage and commission).........

Amazing – and all from a standard and automatic setup !!

A quiet day

Hi Everybody,

It was a quiet day on the US e-minis yesterday, but as we all know, because of the Cyclical Nature of Trading quiet days do unfold.

On quiet days I look to use more “manual” and “Advanced” techniques to uncover additional trades. Please see the Advanced Blog to see a High Volume (VSA) spike trade that I was following myself on the 3min FTSE yesterday. This shows what is possible with the tools you already have in the software.......

Thanks, Steve

Russell does the job

Hi Everybody,

I still find it amazing how different the individual e-minis (ES, NQ, YM and TF) move. You would have thought that they all move together but they don’t, there are differences. A great example is on the 3min Russell Index from yesterday, where we had a massive +8R Profit (ignoring slippage and commission) which did not unfold on the other e-minis. This is why I suggest that you need to look at all 4 of the US e-minis, as you can get a setup on one market that is not the same as on another.

Either way, the TS3 sell on the Russell was completely standard (red STF) as well as the trade management (STF weak, so take profits at the WPT target), so was a very nice Profit indeed.......

Thanks, Steve

The Profits come in !

Hi Everybody,

Well, I did say in yesterdays post that we were now overdue for some nice profits, and that is exactly what we got on the 3min YM ! As you can see, this TS4 buy setup nailed the low of the day for you. The YM then rallied all day to reach the first target just before close, but as the STF was strong, the ATRStop was used to hold the long trade into the close.

One trade and one bib profit of +5.4R (ignoring slippage and commission) – brilliant !

Now are you all starting to understand the Cyclical Nature of Trading, and how profits and losses go in cycles. I have seen this day after day for over 20 years. This is why I spend so much time trying to educate you all how the markets unfold in the “real world”. That is why yesterday I knew that after a harder period we were due for a nice profit – and that is exactly what unfolded !

Thanks, Steve