Europe - UK Barclays rally

[Tony Beckwith]

Here is an excellent example of a risk-controlled MTPredictor Buy, on Barclays Bank [UK FTSE100 component stock], daily chart...

The MTPredictor End-of-Day Scanner found this automatically after the 12 Feb session close...
Simple ABC correction; price in support; blue buy bar; above +2x risk/reward potential.

Result: still open and above +1.6x profit currently trading +1.1% in London this morning.

Training lesson:
1) find these set-ups by clicking Advanced, clicking Minor, ticking ABC in the Scanner.
2) The red trend indicator is ignored because this is a TS1 buy set-up - the first correction to a move off a MAJOR low (when the STF will often still be red)

Thanks

Tony.

[Tony Beckwith]

UPDATE

A stop-and reverse (SAR) Short/Sell was automatically alerted at the end of the 26 Feb session last Tuesday...

See the chart - now a free trade and a good open profit this morning.

Training lesson: stay VERY flexible, especially in these markets and do not fall in love with a trade!!

Thanks

Tony.

[Tony Beckwith]

Update

See the chart and +8 at 470 in London now...

Tony.

[Tony Beckwith]

UPDATE

+3x profit at yesterday's close and a further -1.8% now in London....

Thanks

Tony.

[Tony Beckwith]

UPDATE

+4x profit at close yesterday in London ...

A further -3.6% now in London this morning ...

Risk-control all the way!

Thanks

Tony.