Tony Beckwith
12-28-2007, 05:32 AM
Hi to traders on the Australian markets
MTPredictor EOD found this Decision Point Buy on CSR [ASX200 component stock], which is a great example of how to get into a FREE TRADE...
This trade is found automatically by the Scanner (click Advanced tab, then tick ABC).
Although the prior trend cannot be extended lower to below 'C', price is at DP support and has bullish STF divergence - and, with above +2x risk/reward potential at the upside target, is a valid Decision Point Buy.
Price has exceeded 100% risk (1:1 risk/reward) so the protective stop can be raised to break-even - a free trade.
We have achieved what professional traders aim for - a free trade, given that no-one knows the future.
Thanks
Tony.
MTPredictor EOD found this Decision Point Buy on CSR [ASX200 component stock], which is a great example of how to get into a FREE TRADE...
This trade is found automatically by the Scanner (click Advanced tab, then tick ABC).
Although the prior trend cannot be extended lower to below 'C', price is at DP support and has bullish STF divergence - and, with above +2x risk/reward potential at the upside target, is a valid Decision Point Buy.
Price has exceeded 100% risk (1:1 risk/reward) so the protective stop can be raised to break-even - a free trade.
We have achieved what professional traders aim for - a free trade, given that no-one knows the future.
Thanks
Tony.