Friday, 5 March 2010

Onto the 3min Chart


OK, now we know that we should have been focusing on the buy setups, let’s take a look at the 3min Russell Index (TF)...........

As you can see, we did get a nice TS4 buy around lunch time.....

Using the Standard trade management guidelines meant swapping to the ATRStop as the first profit target was reached (and the STF was strong). Yes, it was a bumpy ride, but the result was a nice +4R Profit (ignoring slippage and commission) on the close.

Thanks, Steve