3min AB trade

[Steve Griffiths]

Hi Everybody,

Here is a nice TS3 sell on a 3min AB (Russell Index) chart.

Pity the $TRIN was not more Bearish, but the markets are backing off from targets on the daily charts though.

Thanks

Steve

[BillVA]

Steve

What made this TS3 at 11:09 nicer than say the TS3 at 13:36 (sameday same chart)?

Thanks

Bill

[BillVA]

Steve

Other than the outcome!

Bill

[Steve Griffiths]

Hi Bill,

Excalty what I talk about in todays Daily report............ 2 trades, 1 profit and 1 loss, BUT the porfit is 5x larger than the loss, so you make money overall - this is what Position Sizing is all about. Please see my Daily reports from last week

I hope this helps ?

Thanks

Steve

[BillVA]

Steve

Yes, I am ok with position sizing which is simple objective maths, what is more difficult is the subjective (Black Art?) definition of an ABC setup as "Good" or "Nice", and I wondered if you considered both of the above mentioned as "Nice". Which from your Daily Report I now see you did.

I started to reply to your initial post before your daily report but it took me ages to hack bits off the esignal chart to get it to upload, I'll have to find an easy way to do it.

Thanks

Bill

[Steve Griffiths]

Hi Bill,

I usually reduce the size of the window (TS8 or eSignal), then take a screen shot using Snag-it. Reducing the size of the window first make things very easy indeed.

I hope this helps :)

Steve