Wednesday, 8 September 2010

The Holy Grail


Hi Everybody,

The 3min FTSE yesterday gave us another brilliant example of my favourite trade, where I look to play the Wave (3) swing, following an “initial correction (Wave 2) after the “initial rally” (Wave 1) off an “important low”. You have all seen this many times before, so you should be familiar with this play by now....

The result was amazing, with a massive +7R Profit (ignoring slippage and commission) as the 3min FTSE reached the Typical Wave (3) WPT.......... brilliant !

Thanks, Steve