Hi Everybody,
A great example of how the 3 and 15min charts work in sync with each other has just unfolded on the FTSE today.
Please see the chart to the right, here you can see a TS3 buy, then a TS4 buy again later (if you missed the first TS3 buy). The STF was strong, so the Standard Traders among you would have then used the ATRStop to run the trade. The more Advanced Traders among you would have noticed that the FTSE had reached the Typical Wave 3 WPT, so maybe was a good idea to look to tighten stops.
The result was a nice +5.6R Profit at the Typical Wave 3 WPT (ignoring slippage and commission)
Thanks, Steve
A great example of how the 3 and 15min charts work in sync with each other has just unfolded on the FTSE today.
Please see the chart to the right, here you can see a TS3 buy, then a TS4 buy again later (if you missed the first TS3 buy). The STF was strong, so the Standard Traders among you would have then used the ATRStop to run the trade. The more Advanced Traders among you would have noticed that the FTSE had reached the Typical Wave 3 WPT, so maybe was a good idea to look to tighten stops.
The result was a nice +5.6R Profit at the Typical Wave 3 WPT (ignoring slippage and commission)
Thanks, Steve
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