ES – 3min DP

Hi Everybody,

The US e-minis started well yesterday with a nice DP buy shortly after the open on the 3min ES. This nailed the low of the day for you. The ES then rallied nicely. As the STF strength band was exceed we swap to the ATRStop for trade management. This held the long trade for a nice +4R Profit (ignoring slippage and commission).

After that, the markets went flat so the rest of the day was tricky and hard work. But we all know by know that markets can do this, so we should not worry about tricky times as we know they will usually not last long before some good trades come round again.

Thanks

Steve

French CAC40 – TS3 long, the result

Hi Everybody,

Here is the result of that TS3 long trade – a nice +8R Profit (ignoring slippage and commission).

This was managed using the standard guidelines of switching to the ATRStop once the STF strength band had been exceeded

Thanks

Steve

PS, just after this long trade was stopped out, we got another TS3 buy, that result in +4.9R Profit, so it has been a very good day on the CAC today :-)

French CAC40 – TS3 long

Hi Everybody,

One for the European traders here...............

Earlier this morning the CAC40 (French Stock market) gave a TS3 buy set-up. But what I also liked about this was that this was also on one of our high volume spike’s (VSA). This gave added weight to the trade.

So let’s see how this unfolds......

Thanks

Steve

FOREX – GBP 60min Chart

But this comes on the back of a nice TS4 buy we had a while ago. As you can see this made a nice profit of approx. +3.9R (ignoring slippage and commission) as profit was taken at the latest TS4 sell setup

Thanks

Steve

FOREX – GBP 60min Chart

Hi Everybody,

I was asked a question on a GBPUSD 60min chart and what to do when there is no clear trend on the larger degree chart (240 and 480 min in this case) ?

Well, when the larger degree chart is either flat (as in this case) or the trend is not clear you can play both sides of the market, but be a little more cautious. In other words look to bring your protective stop closer to the market quicker than normal. This usually means the 100% initial risk level.

In this case, the3 latest TS4 sell would have been stopped out for break-even.

Thanks

Steve

NQ DP Buy

Hi Everybody,

As I said below, there were so many good trades yesterday it has been hard deciding which one to talk about today. The one that interested me the most was the DP buy on the 3min NQ. The reason I liked this was that it came just after the open so was also one of our “Gap Open” plays as well.

The STF strength band was quickly exceeded so the trade management swapped to the ATRStop, which held the long as the rally continued, eventually stopping out the trade for a nice +6.5R Profit (ignoring slippage and commission)....

But do you all see what has happened here, we had a few hard and quieter days earlier in the week, but now we have come back to some brilliant and massive Profits. This came on the back of some massive profitable days last week. This is just the natural Cyclical nature of the markets. We all need the patience and discipline to sit though the hard days, because the good days will come round. So I hope me talking about this day after day, and showing you the cycle day after day has helped you understand how markets really unfold in the Real World !

Thanks, Steve

15min DAX long

I know we mainly look at 3 and 5min Chart and use the 15min for the longer time frames analysis, but I just want to remind you that you can still get some nice trades on the 15min Charts itself.

Here is a great example on the 15min DAX form just yesterday. As you can see, this nailed the low beautifully before the DAX rallied strongly. It has just reached the project profit target (as the STF is weak) where a profit of approx +8R (ignoring slippage and commission) was available.

As I said yesterday, there were just so many good trades yesterday I am finding it hard which once to tell you about in today’s Blog entries.....

Thanks, Steve