Australia - a free trade

[Tony Beckwith]

Hi to traders on the Australian markets

Here is a good example of getting into a free trade using MTPredictor EOD5 on Australian ASX200 component stocks (or any other markets on daily charts).

Standard sell set-up; simple ABC correction; price at Minimum price resistance; red sell bar; risk/reward at least +2x at 1st profit target...

Price just reached 100% risk (risk/reward 1:1), so the protective stop can be lowered to break-even - for a 'free' trade from now, whatever happens.

Thanks

Tony

[Tony Beckwith]

The result. Very tight risk control on all our trades, EOD and RT....

Thanks

Tony.