The first trade was based on one of our Advanced Modules (SOW), it was a short. It was immediately followed by a No Demand bar (pink bar) which further validated the weakness. This trade was exited and an opposing trade was opened long based of the yellow bar (Stopping Volume). This trade culminated in a Spinning Rowboat (Two bar pattern mentioned in an earlier post). The Spinning Rowboat is an excellent short/reversal setup and was exited after a very nice (although expected) move down at the close of the hot pink bar (Selling Climax)
SMART Trader identified and netted 153 pips on these trades alone. These trades all used our proprietary background scanners for verification as well.
Please keep in mind SMART Trader itself is painting these bars which makes these patterns and setups so much easier to spot.
For more information or if you have any questions about SMART Trader Volume Spread Analysis (VSA) Software please visit SMART Trader at pipbuilders.com
Good luck trading.
