Thursday, 17 December 2009

TS3 sell on the 3min NQ


OK, now we know that the larger degree trend was down let’s move down to the 3min charts to see what there was. The NQ came up trumps with a nice TS3 sell that nailed the high before a decline started to unfold.

Trailing the stop 1 tick above the bars highs after reaching the first projected target locked in a very nice +7R Profit (ignoring slippage and commission)

I did say a few days again that the “Cyclical Nature if Trading” was overdue for some nice trades, well it looks they are starting to come in now :-)

Thanks, Steve