Tony Beckwith
05-12-2008, 04:16 AM
Hi to traders on world markets
This is another great example of a Decision Point (DP) trade on end-of-day charts...
The EOD Scanner finds an Advanced ABC set-up, however it is invlaid because the prior trend is too short...
But price is down in DP support and there is bullish divergence on the STF indicator (shown); risk/reward is also > +2x at the opposing DP target...
Result: +2.2x profit at the Friday close, with the protective stop at break-even - a free trade.
Tony.
This is another great example of a Decision Point (DP) trade on end-of-day charts...
The EOD Scanner finds an Advanced ABC set-up, however it is invlaid because the prior trend is too short...
But price is down in DP support and there is bullish divergence on the STF indicator (shown); risk/reward is also > +2x at the opposing DP target...
Result: +2.2x profit at the Friday close, with the protective stop at break-even - a free trade.
Tony.