Tony Beckwith
02-14-2007, 05:48 AM
Hello to traders on the Indian National Stock Exchange
Today saw a lovely MTPredictor sell on the 5 minute chart of SBIN Feb07 futures [NSE]...
Standard TS3 sell; completing in Minimum price resistance; red sell bar; above +2x risk/reward at the 1st profit target...
Useful trading tip - as the 1st profit target is a very high potential Risk/Reward multiple, the Decision Point target can be used for at least a partial profit-take (if it is also a good R/R).
Result: +3.8x profit, for example turning a 10,000 rupees risk into a 38,000 rupees profit.
Contact MTPredictor authorised distributor Allied Softwares, Pune for information on trading the NSE profitably with MTPredictor: sales@alliedsoftwares.com
Thank you
Tony.
Today saw a lovely MTPredictor sell on the 5 minute chart of SBIN Feb07 futures [NSE]...
Standard TS3 sell; completing in Minimum price resistance; red sell bar; above +2x risk/reward at the 1st profit target...
Useful trading tip - as the 1st profit target is a very high potential Risk/Reward multiple, the Decision Point target can be used for at least a partial profit-take (if it is also a good R/R).
Result: +3.8x profit, for example turning a 10,000 rupees risk into a 38,000 rupees profit.
Contact MTPredictor authorised distributor Allied Softwares, Pune for information on trading the NSE profitably with MTPredictor: sales@alliedsoftwares.com
Thank you
Tony.