Monday, 4 May 2009

Automatic DP sell on the 5min YM


Hi Everybody,

There were also some nice automatic trade setups on the US e-minis on Friday was well. The one that caught my eye was the DP sell on the 5min YM early afternoon. Normally I am very cautious of DP’s as I always like them to be with the larger degree charts, so they should be more of an Advanced technique. But this was a good one, because not only was it at a 15min TS3 sell (next post) but it was also an nice ABC pattern

Remember, always check the larger degree charts, particularly for the DP setups

Thanks

Steve