Wednesday, 9 December 2009

Now, onto the 3min Chart


As I said in the post below, initially a confusing picture with what looked like a lot of losing trades, until you took the larger degree, 15min, trend into account, and then all these losing trades should then have been avoided............... nice :-)

This left us with just one short, which was off the high of the day, that was held into the close for a nice +3.4R Profit (ignoring slippage and commission)

But do you all see how import staying “in the same direction as the larger degree trend” is, particularly on days like yesterday, where most of the losing trades could have then been avoided......

Thanks, Steve