Thursday, 22 October 2009

DP sell nails the high of the day !


First, we had a DP sell on the 3min ES. As we have already seen, this was at 15min DP resistance, so was OK to consider. This actually nailed the very high of the day for you !!

The reason it was market with a triangle was because of the two bars having the same highs. I suggest you review the History Signals video for more info ion this. But the result was a sell from the very bar of the high for a nice +2.4R Profit (ignoring slippage and commission). A nice start to the day.......

Then we had a potential TS4 buy. But the larger degree trend was now down, so this buy was best avoided.

Steve