Tuesday, 8 December 2009

Don’t forget the 5min Charts !


I have said this before, but I will say it again – don’t forget the 5min Charts. Here we had a lovely automatic sell on a 5min NQ charts that nailed the high of the day !

The NQ declined nicely, going through the first projected profit target, where shortly after the STF strength band was exceeded. Standard Traders then used the ATRStop for a very nice +2.8R (ignoring slippage and commisison) Profit.

Thanks, Steve