Thursday, 20 May 2010

Larger degree trend


Hi Everybody.

Well here we are again, in a very similar position to yesterday, where the larger degree trend (15min Chart) was helping out with filtering out some losing trades for us.

As we can see, the trend was down into the lower DP, where a low was made around midday, and then a rally unfolded. So this DP turned the down trend to up. So let’s see what effect that had on our 3min trades.....

Thanks, Steve