Tony Beckwith
02-11-2008, 04:20 AM
Good morning to all traders on the Europe/UK markets
This is an example of a simple sell set-up automatically alerted by the Scanner in MTPredictor EOD.
A standard ABC TS2 sell set-up; price up in Minimum price resistance; red sell bar; red trend indicator; above +2x profit potential.
Result: still open at +2.6x profit at the 1st profit target.
Training lessons:
1. keep it simple!
2. if using the displayed profit targets for exit strategy, the protective stop is now at break-even because price reached the 100% risk level (risk/reward 1:1)...so this is another free trade.
Thanks
Tony.
This is an example of a simple sell set-up automatically alerted by the Scanner in MTPredictor EOD.
A standard ABC TS2 sell set-up; price up in Minimum price resistance; red sell bar; red trend indicator; above +2x profit potential.
Result: still open at +2.6x profit at the 1st profit target.
Training lessons:
1. keep it simple!
2. if using the displayed profit targets for exit strategy, the protective stop is now at break-even because price reached the 100% risk level (risk/reward 1:1)...so this is another free trade.
Thanks
Tony.