Wednesday 29 July 2009

Larger degree trend on the 15min NQ


OK, here is the 15min NQ chart, as you can see the 3min DP Buy was right at the “larger degree” 15min DP support zone. As such giving the 3min DP added weight.

The 15min NQ then rallied nicely to the “opposing” DP.

Things do not fall all into place this well all the time, but when they do, it is worth maximising your profits on the trades you have. Which brings me nicely onto whether the Advanced Traders among you could have squeezed any more profit out of that 3min long trade. Let’s see in the next post.....

Thanks, Steve