OK, now we have established that the larger degree trend was down, how should you have handled the TS3 buy that came in on the 3min Chart later morning ?
Well, as it was “against” the larger degree 15min down trend, Standard Traders should have ignored the trade. Any Advanced Traders who liked the look of it should have proceeded with caution and used the 100% initial risk guideline.
Yes, there was a -1R loss on a TS3 short trade later in the day, so overall it was a tricky day on the NQ yesterday
Thanks, Steve
Well, as it was “against” the larger degree 15min down trend, Standard Traders should have ignored the trade. Any Advanced Traders who liked the look of it should have proceeded with caution and used the 100% initial risk guideline.
Yes, there was a -1R loss on a TS3 short trade later in the day, so overall it was a tricky day on the NQ yesterday
Thanks, Steve
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