Wednesday, 21 April 2010

DP sell on 3min NQ


Hi Everybody,

Normally, the “Advanced Trader” does a lot better than the “Standard Trader”, however, yesterday was an exception............ The reason was that (for me anyway) the DP sell on the 3min NQ looked to be a good setup as it also fell at 15min DP resistance (not shown), so “should have” nailed the high and a decline “should have” followed..................... But this did not happen, with the NQ only chopping sideways off this high.

We do all have to remember that the market “always” has the last word, so no matter how clever we think we are or how good we think our analysis is, we always have to accept that the market sometimes will not do as we wish. That is just trading !

We have had some massive Profits over that last few days using Advanced Analysis, so we should not greedy :)

Thanks, Steve