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View Full Version : Current NQ long using new 'Trade module'


Tony Beckwith
04-06-2005, 01:14 PM
Chart shows this NQ 3 min. long trade now open, with the critical blue '2-3x risk' zone automatically adjusted upwards to take account of actual entry and stop levels 1 tick beyond the software triggers.

Position sizing (not shown) is then based on this actual trading info...

BTW the trend on this trade is UP...let's see what happens.

Thanks

Tony.

Tony Beckwith
04-06-2005, 02:07 PM
Here's a good lesson for everyone-
When you put the symbol, tick value and point value in 'Trade' in 'User Preferences' (for the first and only time) in order to use this T module...make sure you enter the correct values!
I mistakenly entered 0.25 as tick value for the NQ - should be 0.50 of course...
This means the blue 2-3x profit zone is NOT before the first profit target (Min Wave C), so the trade is AVOIDABLE.
SEE THE CHART!
A very good lesson...

Tony.