If you all remember last week I talked about using the DP from the minor minor Wave 4 swings as an “initial target” off the end of a Wave 5 Swing. Well, the same applies from the end of a Wave C from the minor Wave B swing. As we can see on the 3mon NQ yesterday, this nailed the low before the NQ reversed. So how can this be used ?
In this example, as you were short from the prior TS3 sell, you could have used this DP to lower your protective stop to at least break-even once the DP level was reached. AS you can see, this helped avoid what would otherwise have been a losing trade.
Again, all these techniques are in the Trading Course for you to study in your own time.
Thanks, Steve
In this example, as you were short from the prior TS3 sell, you could have used this DP to lower your protective stop to at least break-even once the DP level was reached. AS you can see, this helped avoid what would otherwise have been a losing trade.
Again, all these techniques are in the Trading Course for you to study in your own time.
Thanks, Steve
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