Tony Beckwith
10-17-2006, 05:15 AM
Hi everyone
This is a simple example from yesterday's session of how the Wave 1orA price target is often the first stopping point in a trade...
The UK FTSE100 cash index, 5 min. chart, forms a classic MTPredictor TS3 buy set-up.
The rally hits resistance right at the Wave 1orA Decision Point, which is still a healthy near+3x profit on the long.
When the 1st profit target is distant, partial profit-taking at the Wave 1orA makes sense.
Thanks
Tony.
This is a simple example from yesterday's session of how the Wave 1orA price target is often the first stopping point in a trade...
The UK FTSE100 cash index, 5 min. chart, forms a classic MTPredictor TS3 buy set-up.
The rally hits resistance right at the Wave 1orA Decision Point, which is still a healthy near+3x profit on the long.
When the 1st profit target is distant, partial profit-taking at the Wave 1orA makes sense.
Thanks
Tony.