Tony Beckwith
03-26-2008, 10:35 AM
Hi to traders on the Australian markets
WOW [ASX200 component stock], daily chart, gave an excellent Decision Point (DP) Buy a few days back - automatically found and alerted by the MTPredictor EOD Scanner as an in invalid TS4/Advanced ABC set-up...
However a vaild DP set-up with price down in DP support coupled with bullish divergence...
The protective stop can now be at break-even as price has exceeded the 100% risk level, so a free trade...
Training lesson: find these DP set-ups by scanning for Advanced ABCs and do a simple check for divergence yourself
Thanks
Tony.
WOW [ASX200 component stock], daily chart, gave an excellent Decision Point (DP) Buy a few days back - automatically found and alerted by the MTPredictor EOD Scanner as an in invalid TS4/Advanced ABC set-up...
However a vaild DP set-up with price down in DP support coupled with bullish divergence...
The protective stop can now be at break-even as price has exceeded the 100% risk level, so a free trade...
Training lesson: find these DP set-ups by scanning for Advanced ABCs and do a simple check for divergence yourself
Thanks
Tony.