OK, now let’s take a look at the 3min NQ. We already know that we should have been looking for long trades, as the 15min NQ was at WPT support.................... And we now know that we should be protecting any longs as the 15min TS3 sell came in.........
As you can see, we did indeed get a good looking TS4 buy on the 3min NQ chart, off which a rally unfolded. But this rally looked weak with divergence as new highs came in. So this is why I suggest being more aggressive and protecting the +3.4R Profit (ignoring slippage and commission) later in the day.
A tricky day, but then this was to be expected....
Thanks
Steve
As you can see, we did indeed get a good looking TS4 buy on the 3min NQ chart, off which a rally unfolded. But this rally looked weak with divergence as new highs came in. So this is why I suggest being more aggressive and protecting the +3.4R Profit (ignoring slippage and commission) later in the day.
A tricky day, but then this was to be expected....
Thanks
Steve
Posts
