OK, now we have established that the 15min larger degree trend was down, we should be focusing on sell setups, so the TS3 buy that unfolded in the morning should have been avoided. The only sell that Standard Traders should have considered was the sell in the afternoon.
The NQ did decline slightly from this TS3 sell, but only in an ABC pattern. Locking in a small Profit of +1R (ignoring slippage and commission)at the Wave C low was about the best you could have done.
Not all days have big winners, we should all know that by now, this is because of the “Cyclical Nature of Trading”. I have written a lot on this before, where profits, quiet times and losses goes though cycles. We have had some great trades last week, so it is no surprise to find us in the quiet period of the cycle at the moment. This is just how markets unfold in the real-world....
Thanks
Steve
The NQ did decline slightly from this TS3 sell, but only in an ABC pattern. Locking in a small Profit of +1R (ignoring slippage and commission)at the Wave C low was about the best you could have done.
Not all days have big winners, we should all know that by now, this is because of the “Cyclical Nature of Trading”. I have written a lot on this before, where profits, quiet times and losses goes though cycles. We have had some great trades last week, so it is no surprise to find us in the quiet period of the cycle at the moment. This is just how markets unfold in the real-world....
Thanks
Steve
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