Tony Beckwith
10-02-2006, 05:25 AM
Hi everyone
An example of how using the weekly STF (Strong Trend Filter) on a daily stock chart can help avoid an unnecessary loss...
A standard MTpredictor sell set-up on Lloyds TSB Bank [UK FTSE stock], within a whisker of the minimum resistance and a minimum potential risk/reward of +2x...
However, the STF is blue - not red (or even neutral black)...
Conservative traders avoid a loss...
Thanks
Tony.
An example of how using the weekly STF (Strong Trend Filter) on a daily stock chart can help avoid an unnecessary loss...
A standard MTpredictor sell set-up on Lloyds TSB Bank [UK FTSE stock], within a whisker of the minimum resistance and a minimum potential risk/reward of +2x...
However, the STF is blue - not red (or even neutral black)...
Conservative traders avoid a loss...
Thanks
Tony.