Tony Beckwith
09-11-2007, 04:17 AM
Hi to traders on the UK markets
Liberty [FTSE100 component stock] gave a great automatic sell in the EOD5 scanner, a perfect example of an Advanced ABC or TS4 set-up - automatically found....
Simple ABC correction, with the prior trend extendable to above the C extreme high; Typical price resistance; red sell bar; more than +2x risk/reward potential at the 1st profit target...
Result: still open at +3.8x profit.
Reminder: make sure you click the Advanced tab and tick ABC in your Scanner to find these trades in small universes (such as the FTSE100, CAC40, SDAX30, South Africa Top40, ASX200 and so on...)
Thanks
Tony.
Liberty [FTSE100 component stock] gave a great automatic sell in the EOD5 scanner, a perfect example of an Advanced ABC or TS4 set-up - automatically found....
Simple ABC correction, with the prior trend extendable to above the C extreme high; Typical price resistance; red sell bar; more than +2x risk/reward potential at the 1st profit target...
Result: still open at +3.8x profit.
Reminder: make sure you click the Advanced tab and tick ABC in your Scanner to find these trades in small universes (such as the FTSE100, CAC40, SDAX30, South Africa Top40, ASX200 and so on...)
Thanks
Tony.