Hi Everybody,
Here is a chart of the 3min YM from yesterday. As you can see there were two losing sells as the YM rallied. Yes there were only two sells as there was a double top with the second history triangle and the TS4 label so there was only one trade there. So the question arises – was there a way to avoid these losing trades ?
As always, the answer is in the larger degree trend, which we will see was UP in the next post.
So this was a good example of how using the “larger degree trend” helped avid what otherwise would have been two -1R losses.
Thanks, Steve
Here is a chart of the 3min YM from yesterday. As you can see there were two losing sells as the YM rallied. Yes there were only two sells as there was a double top with the second history triangle and the TS4 label so there was only one trade there. So the question arises – was there a way to avoid these losing trades ?
As always, the answer is in the larger degree trend, which we will see was UP in the next post.
So this was a good example of how using the “larger degree trend” helped avid what otherwise would have been two -1R losses.
Thanks, Steve
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