Trade of the Day for Dec 7

[Steve Griffiths]

Hi Everybody,

I hope you all saw the perfect TS3 sell set-up on a 3min NQ Chart, especially as it was automatically identified by the software and found in the RT Scanner.

As you can see from the chart, this positioned you short just before the sharp decline. Using the standard trade mangement guidelines would have resulted in a profit of 9x the initial risk (ignoring slippage and commission), and using multiple uinits would have added an additional short at 14x profit.

So all in all a spectacular trade.... and all automatically found and identified by the software, so I hope you all maximised your porfits on this one !

Thanks

Steve

[Steve Griffiths]

Hi Everybody,

I would like to add an additional comment on this trade for advanced traders who utalise the advanced trade mangement guidelines outlined in the Trading Course. One of these is the use of the 20 period moving avearge. As you can see from the chart below, this held the short trade untill the close. This would have resulted ina massive profit of 21x the initial risk (ignoring slippage and commission).

Therefore this was not only a great example of a TS3 set-up but alos demonstarted the use of the standard and advanced trade management guidelines.

Thanks

Steve