Wednesday, 10 March 2010

The Holy Grail of setups Part 2


It would have been nice if the automatic setup came in on the 3min YM chart, but we did get an automatic TS1 sell setup on the 3min NQ. Again, this is a good example of why I always follow all 4 US e-minis. There was a minor abc on the 3min YM, using the Elliot Wave module, but the 3min NQ was the more obvious setup

As you can see, this nailed the high perfectly before a sharp fall...........

As the STF was strong, the ATR was used for a nice +8.4R Profit (ignoring slippage and commission)

There are some brilliant setups unfolding on markets each and every day, day after day, I just hope that you all have done your homework so you know what to look for :)

Thanks, Steve