Wednesday, 30 September 2009

3min NQ


Sorry to go on about this, but I do find it very annoying when I get emails from people moaning that I have not mentioned a particular losing trade in my posts. I simply cannot include every trade. These post are for education to help you become better trades.

But what annoys me most is the moaners are all too quick to “have a go” at a particular losing trade I did not mention, but “all too conveniently” seem to forget about all the brilliant and profitable trades that I also don’t have time to mention.

Here is a great example on the 3min NQ from yesterday. A DP buy that nailed the low of the day for you. Then Advanced Traders would have used the Elliott Wave module to see that the rally was past the typical Wave 3 WPT so would have started to tail the stop. The result was a nice +4R Profit (ignoring slippage and commission).

So please if you are going to moan, then why don’t you moan about all the good trades that I do not have time to mention :-)

Thanks, Steve