Tony Beckwith
01-26-2007, 04:46 AM
Hi to traders on the UK FTSE stock index - cash, futures or spreadbetting...
Yesterday's session gave an absolutely superb Decision Point sell on the FTSE100 index...
An invalid TS4 set-up but perfectly valid DP set-up...a higher high for price, however a lower high for the STF indicator (bearish divergence); resistance in the DP target; red sell bar; above 2x risk/reward potential at the opposing, downside DP target...
Result: over +8x profit versus initial money risked.
After a very quiet Wednesday, a phenomenal Thursday.....the nature of trading.
Thanks
Tony.
Yesterday's session gave an absolutely superb Decision Point sell on the FTSE100 index...
An invalid TS4 set-up but perfectly valid DP set-up...a higher high for price, however a lower high for the STF indicator (bearish divergence); resistance in the DP target; red sell bar; above 2x risk/reward potential at the opposing, downside DP target...
Result: over +8x profit versus initial money risked.
After a very quiet Wednesday, a phenomenal Thursday.....the nature of trading.
Thanks
Tony.