Friday, 1 May 2009


Here is the same TS3 buy setup that I looked at below, but using the 24hr session for the 3min YM.

As you can see, this had a smaller initial swing into the start of the pattern, therefore lowering the initial profits targets. The result was that the high unfolded right at the first profit target for a nice +2R Profit.

So the lesson here is when you get a big initial gap on the US e-minis, always do a quick check on the 24hr sessions to see if that changes the picture on any current analysis and targets.

Thanks, Steve