Wednesday, 20 January 2010

15min Trend up, so looking for Buys


OK, now we know that the 15min trend was up we should have been looking for buy setups, and that is exactly what we got on the 3min YM chart.

The YM then rallied nicely to reach the first projected profit target later in the day. Profit was taken here as the STF was weak, as per the standard trade management guidelines. The result was a very nice +6.4R Profit (ignoring slippage and commission)

A beautiful example of a standard and automatic MTPredictor trade :)

Steve