Larger degree tend on the 15min Chart

Here is the 15min ES chart, which as you can see made an automatic TS4 buy setup at the low of the day. This set the trend to UP for the rest of the day................ Therefore, as we have already seen, the two sells on the 3min YM charts were “against” this 15min up trend, so should have been avoided......

This was a good example and I hope has helped you all to see how to use the larger degree trend to filter your actual setups on the shorter term chart..

This applies equally well to 240 and 480min charts when trading on 60min Forex, to weekly charts when trading on Daily Stocks. It is the same principle and us using the 15min charts for trades on the 3 and 5min charts, as we do regularly here on this Blog.

Thanks, Steve