Wednesday, 13 January 2010

YM yesterday Part 3


OK, now we now that the YM has made a good low around midday, we should be on the lookout for ABC lows off which to take a long trade.

Although there were no automatic buy setups, there was a very good looking ABC low later in the day that was automatically found by the Elliott Wave module. The YM made a good rally off this Wave C into the close for a nice +3.4R Profit (ignoring slippage and commission)

Thanks, Steve