Well, here is the answer..........

For those of you who read this blog regularly, you will know that it is always best to try and orient your trades so they fall “in the direction of” the larger degree trend. So let’s now look at the 15min Chart of the Russell.

Can you all see how the first 3min DP sell’s were not at the 15min DP resistance, but the second one (14:40 EST) was. In other words, the second 3min DP sell at 14:40 was the stronger signal because it was at the larger degree DP resistance.

And as you have seen in the post below, this 3min DP sell then made approx +8R Profit (ignoring slippage and commission) as the Russell declined nicely into the close.

Thanks

Steve