Europe - excellent SMI short

[Tony Beckwith]

Hi to traders on the Eurex futures exchange

Yesterday saw a very nice example of MTPredictor's Decision Point (DP) trade set-up on the SMI Mar07 futures, 5 min. chart.

An invalid TS4 sell, however a valid Decision Point sell set-up (price higher high into DP resistance but STF indicator lower high - bearish divergence); red sell bar; risk/reward minimum +2.0x.

Result: +3.6x profit at the nearest downside DP target in an otherwise very quiet (yes, quiet) session.

{CHF 10 per point: minimum price movement 1 pt}

Thanks

Tony.

[tombtrader]

This DAX trade wasn't too shabby either. It ran through all the targets to give better than 4R.