Tony Beckwith
02-01-2008, 04:44 AM
Hello traders on the UK markets
The daily chart of SHP [UK FTSE100 component stock] gave a superb sell set-up recently and is still open with an excellent profit.
Found automatically by using the Scanner: click the Advanced tab, the tick ABC and Minor.
A Minor ABC correction; price in Typical resistance; downtrend supported by a red/black STF; above +2x risk/reward potential.
Training lesson: keep it simple, do not try to trawl hundreds of markets. Use the Scanner settings to find great set-ups in small universes such as the FTSE100, CAC40, DAX30 and so on...
Result: currently +7.5x profit!!
Thanks
Tony.
The daily chart of SHP [UK FTSE100 component stock] gave a superb sell set-up recently and is still open with an excellent profit.
Found automatically by using the Scanner: click the Advanced tab, the tick ABC and Minor.
A Minor ABC correction; price in Typical resistance; downtrend supported by a red/black STF; above +2x risk/reward potential.
Training lesson: keep it simple, do not try to trawl hundreds of markets. Use the Scanner settings to find great set-ups in small universes such as the FTSE100, CAC40, DAX30 and so on...
Result: currently +7.5x profit!!
Thanks
Tony.