Friday, 18 December 2009

Now for the Advanced Traders...


OK, Now for a look at another trade the more Advanced Traders among you could have uncovered.

As we have already seen, the larger degree trend turned form down to up around midday, at that time a nice TS3 buy came in on the 3min NQ. This was backed by a high volume (VSA) spike as well.

Then NQ, then rallied, but rallied in a 5-wave sequence. Profits were protected as the Wave 5 high was coming in for a nice +4R Profit (ignoring slippage and commission).

As you can, see MTPredictor did a brilliant job yesterday, from controlling losses on the YM, to finding easy trades on the TF and now nailing a brilliant advanced trade on the NQ :)

Thanks, Steve