15min NQ (again)

[Steve Griffiths]

Hi Everybody,

Have we reached a high on the 15min NQ ??

Steve

[Steve Griffiths]

Hi Everybody,

The 15min NQ continues was triggered and continues to decline, but the pattern on the lower time frame on some other markets is starting to worry me, please see bewlow (TS3 buy on a 5min AB).

The $TRIN is also decliing, which is worrying me on the NQ short as well.

Time to be cautious..........

Steve

[Steve Griffiths]

5min AB buy not triggered and the NQ continues lower..........phew :eek:

[Steve Griffiths]

Starting to worry again as the $TRIN drops shrply - looks like buying is entering the market. maybee time to sratch and get our of this short trade..........

Steve

[Steve Griffiths]

Hi Everybody,

Well, althought the origional set-up looked very good, the market just refused to decline.

The falling $TRIN was what gave it away for me (increasing buying entering the market) ........... as you can see, this avaoided the nast rally.

As you all know, not all trades are winners, and I hope this has been a good example of a trade that did not work out as anticipated ?

Thanks

Steve

[NHN123]

Steve,

Thanks for this. Very helpful indeed.

I took a 3 min ER2 trade today, which didn't work out. My question is, if the set up appears with a reversal bar, but the r/r is too small, and then another reversal bar comes up on the next bar, which improves the r/r, can you take the trade on the second reversal bar?

I took the trade on the bar outlined in white: