Friday, 14 May 2010

DP nails the high !


OK, now we have seen that the 15min Chart was signalling a potential high, lets zoom down to the 3min Chart to take a closer look.

Here we can see that the YM made a reversal right at DP resistance and on Stochastic divergence. This (as it fell in line with the 15min Chart), means that this was a good short trade to consider. This nailed the high of the day for you !

The YM then declined nicely and a +4R Profit (ignoring slippage and commission) was available as the TS3 buy came in............. a very nice addition to the other Profits that came in later in the day.

Thanks, Steve