Hi Everybody,
Now do you all see why I stress the cyclical nature of trading so much ? After a few bad days last week, this week has been brilliant with +9R Profit on the 5min ES on Monday and now another brilliant trade for +3.7R Profit yesterday, again, on the 5min ES. This is what all amateurs traders must know, learn and then understand, trading goes in cycles, there will be quiet and bad times, but these will then be followed by the good and profitable times. We are seeing this yet again in the last few days...
Anyway, back to the nice TS3 buy on the 5min ES yesterday, As you can see form the chart to the right, this had you long from the low of the day. The ES then rallied to make the first projected profit target where +3.7R Profit was available. This was the high of the day. Long form the low of the day, the bank profits at the high of the day – that is a day traders dream
Thanks
Steve
Now do you all see why I stress the cyclical nature of trading so much ? After a few bad days last week, this week has been brilliant with +9R Profit on the 5min ES on Monday and now another brilliant trade for +3.7R Profit yesterday, again, on the 5min ES. This is what all amateurs traders must know, learn and then understand, trading goes in cycles, there will be quiet and bad times, but these will then be followed by the good and profitable times. We are seeing this yet again in the last few days...
Anyway, back to the nice TS3 buy on the 5min ES yesterday, As you can see form the chart to the right, this had you long from the low of the day. The ES then rallied to make the first projected profit target where +3.7R Profit was available. This was the high of the day. Long form the low of the day, the bank profits at the high of the day – that is a day traders dream
Thanks
Steve
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