Tuesday, 8 December 2009

Part 1 for the Advanced Traders


OK, the Advanced Traders among you could have spotted that the decline had reached the Typical Wave 3 WPT (placed on the chart manually, using the manual Elliot Wave count), as such decided to lock in a nice +4R Profit (ignoring slippage and commission) as the day was nearing an end....

If you look at the next post (3min) you will see why I was confident in this “manual” Elliott Wave count.

This just shows what is possible with the more advanced tools that are available in the software – short from the high of the day to lock in Profits at the low of the day – amazing !!

Thanks, Steve