Tuesday, 13 October 2009

+5.8R on the 3min FTSE


Hi Everybody,

For those of you who read my post on the FOREX Blog on the TS1 setup this morning, well, here is another great example that unfolded on the 3min FTSE from just this morning..........

As you can see, the FTSE rallied up to the Typical Wave 3 WPT nicely where a Profit of +5.8R was available (ignoring slippage and commissions)

Thanks, Steve

PS, there was an opportunity to get short a little while later as a Wave 5 high came in to ride the sharp fall that is currently unfolding, but I will let you all look at that and how it “fitted in” with the larger degree trend perfectly..............

This stuff is absolutely amazing sometimes