Tuesday, 8 February 2011
Larger degree trend
Hi Everybody,
I am often asked when MTPredictor users can go “against” the STF tend. Well, the answer is when you are at “larger degree” support or resistance.
http://www.youtube.com/watch?v=rz0X--Xuhjc
Here is a great example of a 5min DP sell on the 6B (GBP/USD) that also fell at 15min DP support……………… The result was a nice +8R Profit (ignoring slippage and commission)
Thanks, Steve
I am often asked when MTPredictor users can go “against” the STF tend. Well, the answer is when you are at “larger degree” support or resistance.
http://www.youtube.com/watch?v=rz0X--Xuhjc
Here is a great example of a 5min DP sell on the 6B (GBP/USD) that also fell at 15min DP support……………… The result was a nice +8R Profit (ignoring slippage and commission)
Thanks, Steve