OK, now we get onto what I consider my favourite trade setup, and one that is covered in the Trading Course and one that I talk about a lot. Please take a look at the chart.
Step 1 – a Major low unfolded at DP support
Step2 – an “initial rally” off the low, this is Wave (1)
Step3 – we now look for the “initial correction” to unfolded as a lesser degree abc, this is the Wave (2) low
Step4 - we then target the Typical Wave (3) for a strong rally
As you can see, this is EXACTLY what unfolded yesterday on the 3min ES. So I have a question for you all, how many of you saw this and as such took this trade yesterday ? Please email in to me to let me know...
The result as a very nice +4.9R Profit (ignoring slippage and commission)
Thanks, Steve
Step 1 – a Major low unfolded at DP support
Step2 – an “initial rally” off the low, this is Wave (1)
Step3 – we now look for the “initial correction” to unfolded as a lesser degree abc, this is the Wave (2) low
Step4 - we then target the Typical Wave (3) for a strong rally
As you can see, this is EXACTLY what unfolded yesterday on the 3min ES. So I have a question for you all, how many of you saw this and as such took this trade yesterday ? Please email in to me to let me know...
The result as a very nice +4.9R Profit (ignoring slippage and commission)
Thanks, Steve
Posts
