Thursday, 4 March 2010

3min NQ Chart


The clearest signal was on the 3min NQ, where we had a TS3 sell early in the afternoon. But first notice how the buy (triangle) earlier would have been avoided as the larger degree trend was down at the time, and then how the sell at the end of the day would have been avoided, as there were also against the larger degree up trend at the time.

So the best signal, that also fell in line with the larger degree trend was the TS3 sell.............

The NQ declined into the first profit target where +2R Profit was available (ignoring slippage and commission).

Thanks, Steve