As one of my mentor's told me a long time ago, "If you can't sleep, trade..."
Here we have a 3 minute Euro Futures Chart which has 3 perfect trade setups from the overnight hours on April 11. First we have 2 perfect False Bar Stochastics Trades confirmed with XTL Blue and Black bars. While the XTL is not mandatory to trade the Stochastics I always like to have it in my favor.
At the end of each Stochastics trade we check the Oscillator to see if we have divergence for a potential counter trend trade. After the completion of the second Stochastics trade we see divergence and along with an Elliott Wave 5 we can short this market. Our target is the MOB which we are approaching now (4:38AM ET). At this point in the trade we should be locked into profits and have a stop in place at some point after our entry.
Ron Wheeler
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