Hi Everybody,
I am often asked about the best way to trade shares, do you just trade them “in isolation”. I would say no, the best way is to always have an eye on the main Indices. So this Wave C low that unfolded on Lloyds (UK Bank) on March 9 was a perfect candidate to consider as it fell perfectly in line with the potential low on the FTSEE100 on Mar 9 (post below) as well.
As you can see, Lloyds has rallied nicely to reach the DP zone where a profit of approx +8R (ignoring slippage and commission) was available.
But the point is how the setup on the individual share also “fell in line with” the position on the Index.
Thanks, Steve
I am often asked about the best way to trade shares, do you just trade them “in isolation”. I would say no, the best way is to always have an eye on the main Indices. So this Wave C low that unfolded on Lloyds (UK Bank) on March 9 was a perfect candidate to consider as it fell perfectly in line with the potential low on the FTSEE100 on Mar 9 (post below) as well.
As you can see, Lloyds has rallied nicely to reach the DP zone where a profit of approx +8R (ignoring slippage and commission) was available.
But the point is how the setup on the individual share also “fell in line with” the position on the Index.
Thanks, Steve
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