Thursday, 2 July 2009

YM – 15min Chart


Hi Everybody,

Today I would like to start with the larger degree trend on the YM, so that means the 15min Chart

As you can see the larger degree trend was UP, into the DP when a high was made, but the important thing was “after” the YM started to decline from this 15min DP the trend had turned down, so this meant being careful about buys on the shorter 3 and 5min Charts in the afternoon yesterday.

OK, let move down to the shorter 3min charts.......

Thanks

Steve