Steve Griffiths
01-10-2005, 10:39 AM
Hi Everybody,
Here is a great TS3 sell set-up on a 5min AB chart. Notice how the swings are nice and clean and how the red (sell) bar unfolded right at the minimum Wave C WPT (upper orange band).
The AB then declined sharply to reach the first porjected porfit target on the close on Friday. This would have resulted in a porfit of nearly 7x the initial risk (ignoring sliappge and commission).
Another great MTP trade................
Steve
Here is a great TS3 sell set-up on a 5min AB chart. Notice how the swings are nice and clean and how the red (sell) bar unfolded right at the minimum Wave C WPT (upper orange band).
The AB then declined sharply to reach the first porjected porfit target on the close on Friday. This would have resulted in a porfit of nearly 7x the initial risk (ignoring sliappge and commission).
Another great MTP trade................
Steve