Thursday 9 July 2009

3min NQ – DP Buy


But the NQ did not stop there.............

Later in the day, a DP buy appeared. As the larger degree trend was unsure, caution should have been used on this setup. This means skipping for newer traders, or for the more Advanced Traders among you, moving the stop to break-even quicker than normal.

But the end result was good, with a nice +2R Profit (ignoring slippage and commission) as the ATRStop was used for trade management.

Thanks, Steve