Long from the low of the day !

[Steve Griffiths]

Hi Everybody,

Yesterday we were short from the high of the day, now, today we are long from the low of the day :)

Please see chart below, where the TS3 buy nailled the exact low of the day, the YM has rallied strongly since.

I just love this stuff :) :)

Steve

[Steve Griffiths]

As you can see, a very nice profit as the YM reaches the second profit target :)

Steve

[Steve Griffiths]

Hi Everybody,

Well, this second profit target turned out to be the high of the day. so here you were - long from the low of the day, to take profits near the high of the day ! That is about as good as it can get for a day trader :)

As such I hope that all the real-time traders amoung you nailled this trade...

Thanks

Steve

[tombtrader]

This was a great catch as was the Short from the low of the day the day before. However, one was on a 5 minute chart and the other was on a 3 minute chart.

What technique do you recommend so that most of these great signals are captured? Should a short time frame trader have a number of different charts open with different timeframes and watch for signals in each of them?