Thursday, 18 June 2009

3min YM Part 2


OK, now you are long off the TS2 buy at 12:54EST................ The YM rallies nicely bit then a DP sell unfolds at 13:45EST. As you all know, I don’t like DP’s unless they are at larger degree support/resistance or they are at the end of a good looking Wave 5.

Well, as we will see in the next post, this DP sell was also a perfect Wave 5 high, so time to stop and reverse again, banking another nice +3.6R Profit (ignoring slippage and commission)

Steve