Thursday, 19 November 2009

VSA buy on the Russell


But for me, the best (and most obvious) trade yesterday was the VSA (high volume spike) Buy at the low of the day at DP support on the 3min Russell Index. As you can see, this fell in line nicely with a potential 15min Wave C low. This nailed the low of the day for you !

The Russell then rallied for the rest of the day for a nice +3.2R Profit (ignoring slippage and commission).

What I also liked, was because you were already in this nice long trade (with confidence), you could have ignored the potential sells later in the day on the 3min NQ

Steve