Friday, 22 January 2010

Back to the 15min Chart


OK, so what of the 3min DP buy that we saw at the end of the last post. Well, this is where we go back to the 15min Chart and check the “larger degree” position.

When we do that, we can see that the 15min NQ is now at DP support, so this not only the logical place to start to banks profits on the prior DPO short trade, but also look to reverse to a new long trade....

Thanks, Steve