Tony Beckwith
01-04-2008, 04:11 AM
Hi to traders on the Australian markets
The recent automatic Buy on AWC [ASX200 component stock], daily chart, illustrates MTPredictor's risk-control superbly -
As price has exceeded the 100% risk level (in other words, a risk/reward of 1:1), the initial protective stop can be raised from 5.88 to break-even (6.08).
This is now a free trade, which is what all professional traders aim for.
Closing today on an open risk/reward of 1.7:1, we do not know if it will reach the Decision Point target above...what we do know is that the risk is tightly controlled and according to plan.
{note: users - click Advanced and tick ABC in the Scanner to find trades like this. If the prior trend cannot be extended far enough, check for STF divergence + price in the Decision Point level, for a DP trade, as here}
Thanks
Tony.
The recent automatic Buy on AWC [ASX200 component stock], daily chart, illustrates MTPredictor's risk-control superbly -
As price has exceeded the 100% risk level (in other words, a risk/reward of 1:1), the initial protective stop can be raised from 5.88 to break-even (6.08).
This is now a free trade, which is what all professional traders aim for.
Closing today on an open risk/reward of 1.7:1, we do not know if it will reach the Decision Point target above...what we do know is that the risk is tightly controlled and according to plan.
{note: users - click Advanced and tick ABC in the Scanner to find trades like this. If the prior trend cannot be extended far enough, check for STF divergence + price in the Decision Point level, for a DP trade, as here}
Thanks
Tony.