ES – 15min Chart

Here is the 15min ES chart “at the time”, as you can see it did look “at the time” that the ES had turned down off DP resistance and as such the 15mion trend had now turned down. Therefore the 3min TS3 sell “at the time” was in the direction of this larger degree trend.

Again, most Amateurs simply do not understand that any analysis cannot be right all the time. Successful trading is about dealing with probabilities and keeping losses small when the trade does not work out as anticipated. Successful trading trading is not about trying to predict the future, it is about Risk control, and keeping the losses small and Profits large.

I still find it amazing the way so many amateur traders simply cannot understand this basic principle of successful trading.......... I guess that is why 97% of Amateurs fail...

Thanks, Steve