Tony Beckwith
01-30-2008, 10:20 AM
Hi to traders on the UK markets
MTPredictor End-of-Day automatically found a Buy set-up on HMSO [UK FTSE100 component stock] on 10 January, as markets were falling....
It automatically alerted a Buy set-up which was invalid as a TS4/Advanced ABC (the prior trend was clearly not long enough) however was a perfectly valid Decision Point/DP set-up (price in DP support+STF bullish divergence+above 2x risk/reward potential).
Result: an excellent +5x profit as of yesterday's close, still open protected by the trailing stop or with +2.2x profit in the bank taking partial profits at the upside DP target.
Training lesson: find these set-ups by clicking Advanced and ticking ABC in the Scanner.
Thanks
Tony.
MTPredictor End-of-Day automatically found a Buy set-up on HMSO [UK FTSE100 component stock] on 10 January, as markets were falling....
It automatically alerted a Buy set-up which was invalid as a TS4/Advanced ABC (the prior trend was clearly not long enough) however was a perfectly valid Decision Point/DP set-up (price in DP support+STF bullish divergence+above 2x risk/reward potential).
Result: an excellent +5x profit as of yesterday's close, still open protected by the trailing stop or with +2.2x profit in the bank taking partial profits at the upside DP target.
Training lesson: find these set-ups by clicking Advanced and ticking ABC in the Scanner.
Thanks
Tony.