Hi Everybody,
As usual, let’s start with the larger degree trend by looking at the 15min ES Chart.
I admit, this picture is less than perfectly clear as the last DP has been breached and the 15min ES was pushing higher. This would suggest the trend was up.
As such, we should be looking for buys on the 3 and 5min Charts, but because the picture was less than “perfect” I would suggest a little caution, by using the 100% initial risk guideline.
Thanks, Steve
As usual, let’s start with the larger degree trend by looking at the 15min ES Chart.
I admit, this picture is less than perfectly clear as the last DP has been breached and the 15min ES was pushing higher. This would suggest the trend was up.
As such, we should be looking for buys on the 3 and 5min Charts, but because the picture was less than “perfect” I would suggest a little caution, by using the 100% initial risk guideline.
Thanks, Steve
Posts
