Wednesday 6 October 2010

Lovely +4R Profit on the NQ


Hi Everybody,

Another good day on the US e-minis yesterday with a standard automatic TS buy setup on the 3min NQ, please see attached. As you can see, the NQ rallied nicely to reach the first projected profit target, where a nice +4R Profit was available. Note how the STF was weak (not past its strength band) indicating that the WPT targets should be used for the trade exit.

A completely standard trade managed using the standard management guidelines........

Thanks, Steve