Friday, 9 July 2010

DP form prior Wave 4 high


Hi Everybody,

This is a “refresh” to check how many of you have read the Trading Course, especially as I coved this in the last few week as well :)

If you all remember, in the Course I teach how the “initial move” off a Wave 5 low is the DP from the Prior Wave 4 high. So when this DP “aligns” with the Wave C WPT’s after a 3-swing ABC move from the Wave 5 low, then this represents a “high confidence” trade.

Well, that is exactly what we got on the 3min ES yesterday, where the TS4 sell also fell at this DP resistance zone, this gave extra confidence in the TS4 sell

Thanks, Steve