OK, let’s start with a standard and automatic TS3 buy that unfolded later in the day on the Russell Index. This is for the Standard Traders among you out there.
OK, although the 15min TF was not coming off DP support, we did have a clear picture on the 15min YM, so when this TS3 buy came up at 14:51EST it would have been a good one to take.
Knowing the larger degree trend was up, you should have been looking to run any long trades further. Doing this would have held this long trade into the close for a nice +7R Profit (ignoring slippage and commission)
This is why I always suggest following all 4 minis, if you only follow just one market you are missing out on so many good trades like this one......
Thanks
Steve
OK, although the 15min TF was not coming off DP support, we did have a clear picture on the 15min YM, so when this TS3 buy came up at 14:51EST it would have been a good one to take.
Knowing the larger degree trend was up, you should have been looking to run any long trades further. Doing this would have held this long trade into the close for a nice +7R Profit (ignoring slippage and commission)
This is why I always suggest following all 4 minis, if you only follow just one market you are missing out on so many good trades like this one......
Thanks
Steve
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