Thursday, 4 March 2010

Larger degree trend


Hi Everybody,

Looking at the 15min Charts of the 4 US e-minis yesterday, the clearest picture was on the 15min YM. Where we made a high right at DP resistance. Then a decline followed into the opposing DP, where a low unfolded.....

This set the trend nicely to down into the lower DO, then up into the close.

So now let’s take a look at a 3min Chart to see how the automatic setups “fitted in” with this larger degree trend picture...

Thanks, Steve