Wednesday, 17 March 2010

Nice TSA3 buy on the 3min Chart


Early in the day we got a good looking TS3 buy on the 3min NQ.... As this was in the direction of the larger degree (15min) up trend, this was a good trade to consider.

As the STF strength band was strong as the first WPT target was reached, standard traders would have swapped to the ATRStop. The result was a nice +2.9R Profit (ignoring slippage and commission).

So far so good. But this is when the nice clear patterns then ran out, and the day got a lot harder as the pattern became less clear later in the day.

Steve