Steve Griffiths
09-05-2006, 06:16 AM
Hi Everybody
As you can see, the 10:12EST TS1 buy set-up at caught the low of the day perfectly and got you into a long trade as the NQ rallied. This rally then continued to reach the first projected profit targets, which was actually the high of the day ! So here you were, (yet again) long from the very low of the day to take profits right at the very high of the day, this is absolutely the best any day-trader can hope for :)
As you can see, this would have turned an initial risk of approximately $390 (2% on a $20,000 account) into a profit of a whisker shy of $1,000, which in my opinion is a very nice trade especially on the day before a holiday !
Steve
As you can see, the 10:12EST TS1 buy set-up at caught the low of the day perfectly and got you into a long trade as the NQ rallied. This rally then continued to reach the first projected profit targets, which was actually the high of the day ! So here you were, (yet again) long from the very low of the day to take profits right at the very high of the day, this is absolutely the best any day-trader can hope for :)
As you can see, this would have turned an initial risk of approximately $390 (2% on a $20,000 account) into a profit of a whisker shy of $1,000, which in my opinion is a very nice trade especially on the day before a holiday !
Steve