Now let’s look at the 3min Chart...........
Can you all see that because the 15min (larger degree trend) was UP, the TS1 sell on this 3min chart was “against” this up trend so should not have been taken.......... As you can see, this avoided an otherwise loss.
Sometimes knowing when “not” to take a trade is more important that taking a trade.....
Steve
PS, notice how the VSA spike, at DP support, nailed the actual low of the day for you !! Then how the Dax rallied into the opposing DP – absolutely perfect :)
Can you all see that because the 15min (larger degree trend) was UP, the TS1 sell on this 3min chart was “against” this up trend so should not have been taken.......... As you can see, this avoided an otherwise loss.
Sometimes knowing when “not” to take a trade is more important that taking a trade.....
Steve
PS, notice how the VSA spike, at DP support, nailed the actual low of the day for you !! Then how the Dax rallied into the opposing DP – absolutely perfect :)
Posts
