Wednesday, 17 March 2010

The day started well


Hi Everybody,

The day started well yesterday, with a clear up trend, this can be clearly seen on the 15min NQ where the market was rallying from DP to DP. So early in the day yesterday the larger degree trend was up....

A word of note on using the longer (15 and 60min) charts over the “Roll over period”. When we chart across the Roll Over the longer charts can get distorted because of the price difference between the last and current contract month. This can skew your 15min charts a bit. This is just something to be aware of....

OK, onto the 3min NQ Chart now

Steve