Thursday, 7 January 2010

3min Chart for the trades


OK now we have established the larger degree trend, and how it changed from down to up on the 15min chart, let’s take a look at the 3min chart.

As you can see, there were a few setups yesterday and I have highlighted the results, including how the TS3 buy early in the day should have been avoided as it was “against” the down trend at the time

Thanks and I hope this has been a good example of how to use the larger degree trend on the 15min chart to then get the trades ion your shorter term 3 and 5min Charts.

Steve