Tony Beckwith
05-30-2008, 04:13 AM
Here is what is happening now to one of the trades discussed in the special web presentation to Paritech Australia customers on Wednesday 28th...
CMR [ASX 200 component stock], daily chart, is a superb example of a Decision Point (DP) trade, with the set-up found and alerted automatically on the red sell bar on Tuesday 20th.
In the EOD Scanner, click the Advanced tab, then tick ABC...CMR is found however the prior trend found by the software is too short and can clearly not be extended back far enough for the ABC to be correcting it...
BUT...price is up in a DP resistance zone and the STF indicator is showing bearish divergence and the risk/reward is at least +2x to the opposing DP target.
Result: an excellent +4.1x profit at the Sydney close today.
Tony.
CMR [ASX 200 component stock], daily chart, is a superb example of a Decision Point (DP) trade, with the set-up found and alerted automatically on the red sell bar on Tuesday 20th.
In the EOD Scanner, click the Advanced tab, then tick ABC...CMR is found however the prior trend found by the software is too short and can clearly not be extended back far enough for the ABC to be correcting it...
BUT...price is up in a DP resistance zone and the STF indicator is showing bearish divergence and the risk/reward is at least +2x to the opposing DP target.
Result: an excellent +4.1x profit at the Sydney close today.
Tony.