As we have already seen, the US e-minis were hard yesterday as the markets crept higher without giving us any buy set-ups. BUT this is why it is so important to follow other “correlated” markets.
If you look at the chart, you can see how the 3min DAX (German stock market) made a very good looking TS3 buy at 14:00EST so was very tradable by European traders and American traders alike. As you can see, this made a massive +7.8R Profit (ignoring slippage and commission) !
So when the US e-minis were not giving any buy and were creeping higher, the buy on the Dax gave the perfect opportunity to trade advantage of this rally in world markets..... There are just too many people that only follow just one market, and as such are missing out on great profits like this
Thanks, Steve
If you look at the chart, you can see how the 3min DAX (German stock market) made a very good looking TS3 buy at 14:00EST so was very tradable by European traders and American traders alike. As you can see, this made a massive +7.8R Profit (ignoring slippage and commission) !
So when the US e-minis were not giving any buy and were creeping higher, the buy on the Dax gave the perfect opportunity to trade advantage of this rally in world markets..... There are just too many people that only follow just one market, and as such are missing out on great profits like this
Thanks, Steve
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