Tony Beckwith
11-23-2006, 09:13 AM
Hi everyone
This short unfolded beautifully over the last few hours, on the 3min. chart of the Dec 06 SMI futures (Swiss Market Index) on the Eurex exchange.
Standard ABC correction-to-trend, stopping in minimum resistance; red sell bar; strong risk/reward outlook; also confirmed by the red STF trend indicator (bottom window).
Result: +3.8x profit on MTP standard trade management guidelines.
{CHF 10/pt; minimum price movement 1 pt; check liquidity at the time}
Thanks
Tony.
This short unfolded beautifully over the last few hours, on the 3min. chart of the Dec 06 SMI futures (Swiss Market Index) on the Eurex exchange.
Standard ABC correction-to-trend, stopping in minimum resistance; red sell bar; strong risk/reward outlook; also confirmed by the red STF trend indicator (bottom window).
Result: +3.8x profit on MTP standard trade management guidelines.
{CHF 10/pt; minimum price movement 1 pt; check liquidity at the time}
Thanks
Tony.