What a start to today

[Steve Griffiths]

Hi Everybody,

What a great start to todays trading - a great TS1 long from the opening, please see below.

This comes right on the back of another profitable trade going into the close on Friday ................. nice :)

Steve

[Steve Griffiths]

Hello again,

Sorry, but I could not resit posting what happend after profit was taken on this trade............... As you can the ES then fell like a stone leaving the WPT target nailling the high of the day - what a brillinat place to bank profits :)

Steve

[jjc]

Steve,

As a new user, will you do me a huge favor and show me 'exactly' where you anchor the price to get your risk and reward? I've viewed your videos and I'm still confused. :D

On your trade today, July 25, of the ES on a 5min chart, did you anchor the first point at the low of 1263.75 and the second point at high of 1265.50 (on the second blue at 9:45est) and then anchor the third point at the bottom of the megenta box at 1271.50?

If anyone else would care to answer my question that too would be appreciated.

[Steve Griffiths]

Hi,

RR button on, then Click 1 above the high of the blue (buy) bar, click 2 below the low of the reversal low, click 3 at the target............... easy :)

I hope this helps ?

Steve

[jjc]

Steve,

Thank you for the reply.

One more question...on your trade this morning of July 25 I notice you have the nretracelimit and nbarlimit and nbarconditions in the mtpv5 disabled. Do you always disable them?

tia

[Steve Griffiths]

No,

Please leave the pattern restictions Enabled........

Thanks

Steve

[Eddo]

No,

Please leave the pattern restictions Enabled........

Thanks

Steve

Steve,

For what its worth I didn't get this setup on the $SPX but after reading your post on I disabled all the restrictions and hey ho up came the trade ! Now thats two in two days we eSignal users have missed because of the default restrictions ......... I would be interested in your views ............. my thoughts are to now leave them off and use my own 'brain' to work out if the pattern looks right ?

Chris

[Steve Griffiths]

Hi Chris,

Depends, with an experienced user like you, then you can remove the pattern restrictions, because you have the experience to be able to filter the trades for the best looking set-ups yourself.

However, particularly for new users I would suggest keeping these on, because although some trade can be missed, overall it will be far better because it will help avoid the less than ideal set-ups.

I hope this helps ?

Steve