Tuesday, 23 March 2010

Larger degree trend (15min Charts)


Hi Everybody,

As you will have already seen, the 3min NQ had some good trades. BUT could the Advanced Trader done better ?

Yes, the standard guidelines suggest simply trading with the STF colour, but if you look at the 15min NQ chart you can see that it was declining off DP resistance later in the day. So the Advanced Trader could have avoided the buy ate in the day.

All part of gaining more experience and as such learning how to trade above and beyond the standard trade setups

Thanks, Steve