Friday 19 November 2010

VSA and DP’s


Hi Everybody,

There we a number of lovely VSA / DP setups on the 3min YM yesterday, for almost +7R Profit. I just hope that the advanced traders among you made the most of these great setups.

Here is a chart of the last setup. I particularly liked this one as it had the added confirmation of a minor 5 wave low coming in at the DP support as well. As you can see, this nailed the low perfectly to take advantage of the sharp rally into the close for a very nice +3R Profit (ignoring slippage and commission).

I just hope that you are all making use of these tools in the software, to uncover great trades like these !

Thanks, Steve