OK, but what of the larger degree 15min Chart I hear you all say ?
Well, if you look at the chart on the right, you can all see how this manual DP sell on the 3min Chart was actually coming off DP resistance on the 15min Chart as well. This is why I always say to keep an eye on the 15min Charts during the day as well. This set up the larger degree trend reversal so gave permission for the lovely 3min sell.
The rest is history, as the NQ collapsed into the close.
But do you all see how patience and disciple would have brought you though the last few days, just treading water, protecting your trading capital, so you were then ready to take full advantage of this massive trade. This is what professional trading is all about.............
Steve
Well, if you look at the chart on the right, you can all see how this manual DP sell on the 3min Chart was actually coming off DP resistance on the 15min Chart as well. This is why I always say to keep an eye on the 15min Charts during the day as well. This set up the larger degree trend reversal so gave permission for the lovely 3min sell.
The rest is history, as the NQ collapsed into the close.
But do you all see how patience and disciple would have brought you though the last few days, just treading water, protecting your trading capital, so you were then ready to take full advantage of this massive trade. This is what professional trading is all about.............
Steve
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