Merry Christmas and Happy New Year

I just want to wish all MTPredictor users and friends of MTPredictor a very Merry Christmas and Happy New Year. I hope you can spend time with friends and family over the holiday season.....

This last year has been very good for MTPredictor as we continue to grow as a company, and that is thanks to you, our customers, so I would also like to express my thanks to all MTPredictor customers, who all help and support us and allow us to continually bring new and better versions of the MTPredictor software, so Thank You !

This last year we have been very busy, mainly with the release of the brand new MTPredictor v6.5 that has Real-Time capabilities. The new Blog has also been well received as it helps customers on a daily basis with many of the trading related questions that come from day to day. This Blog is a free service that is all part of the on-going and industry leading support we offer all our customers here at MTPredictor. I would also like to remind you all of the new 1-2-1 Training Service, with our new personal trainer Michael Black.

Lastly, MTPredictor would not be as good as it is without the team members, so I would also like to say a big Thank You to Tony on Sales and Marketing, Bruce on Support, Michael on personal training and Paul our programmer, all who have worked very very hard over the last year to help give all our customers the best support in the Industry.

So thanks you to all and a BIG Merry Christmas and Happy New Year

Steve Griffiths
Director and developer of MTPredictor.....

Now for the Advanced Traders...

OK, Now for a look at another trade the more Advanced Traders among you could have uncovered.

As we have already seen, the larger degree trend turned form down to up around midday, at that time a nice TS3 buy came in on the 3min NQ. This was backed by a high volume (VSA) spike as well.

Then NQ, then rallied, but rallied in a 5-wave sequence. Profits were protected as the Wave 5 high was coming in for a nice +4R Profit (ignoring slippage and commission).

As you can, see MTPredictor did a brilliant job yesterday, from controlling losses on the YM, to finding easy trades on the TF and now nailing a brilliant advanced trade on the NQ :)

Thanks, Steve

Now the easy one..................

OK, we have already seem that the YM was a hard day, BUT just look at the 3min Russell Index (TF), one trade, and one profit for a massive +5.7R Profit (ignoring slippage and commission).

So even though some markets were hard yesterday some were amazing easy, with a clear, clean and good-looking TS3 sell that returned a massive profit................ nice :-)

Thanks, Steve

A hard day on the 3min YM

Let’s start with the 3min YM, as this was a very hard day. As usual, we are not scared to look at the harder days here at MTPredictor, as professional traders we all know that some days are harder than others. Any software company that just shows you good trades, and not losses are not professional traders and as such should be viewed with caution.

Here we had 4 trades on the 3min YM, a losses then a +3R Profit, then we avoided the TS4 sell in the afternoon as it was against the trend, then had two further losses later in the day. 3 losses and 1 profit seems terrible, BUT, and this is the IMPORTANT POINT, even with 3 losses and only 1 profit you were actually “break-even” for the day. This was because the losses were kept small at just -1R and the Profits large at +3R.

This is so important, keeping losses small and profits larger during the bad times, Amateur traders simply do not understand that this is how to protect your valuable trading capital when the inevitable losses come though.

So here were are with (on the surface) a terrible day, but MTPredictor has preserved your trading capital for you. This is the true strength of good trading.....

Thanks, Steve

15min trend

As usual, let’s start with the larger degree trend.

This was easiest to see on the 15min ES chart, where we had the current down trend continuing form the day before, until DP support came in around midday.

So the trend was down in the first part of the day, then turned up for the afternoon.....

OK, onto the 3min Charts now.......

Thanks, Steve

TS3 sell on the 3min NQ

OK, now we know that the larger degree trend was down let’s move down to the 3min charts to see what there was. The NQ came up trumps with a nice TS3 sell that nailed the high before a decline started to unfold.

Trailing the stop 1 tick above the bars highs after reaching the first projected target locked in a very nice +7R Profit (ignoring slippage and commission)

I did say a few days again that the “Cyclical Nature if Trading” was overdue for some nice trades, well it looks they are starting to come in now :-)

Thanks, Steve

15min trend

Hi Everybody,

OK, let’s start with the 15m min “larger degree” trend on the US markets yesterday. The clearest picture was on the 15min ES as it hit DP resistance and then started to decline, This set the trend to down for the rest of the day.

As usual, with the larger degree trend down,. We should be focusing on sell setups on the short-term 3 and 5min Charts

Thanks, Steve

High Volume (VSA) buy on the 3min Dax

Hi Everybody,

Just a quick reminder for the more Advanced Traders among you of the High Volume (VSA) trade setup. As you can see, we had a perfect example of this on the 3min DAX form earlier today. Notice how the DP nailed the low at the same time as the High Volume (VSA) signalled red on the volume indicator.

The Dax then rallied straight up into the opposing DP for a nice +4.8R Profit (ignoring slippage and commission).

A nice additional trade to all the profitable automatic setups ones earlier this morning on the Dax :)

Thanks, Steve

One for the European Traders.....

Hi Everybody,

The European Traders among you had a good morning this morning with a lovely +7.8R Profit (ignoring slippage and commission) on the 3min DAX.

The important point is how the Standard Traders among you swapped to the ATRStop to “run” the trade as soon as the STF strength band was exceeded. This is what allowed the Profit to grow as the Dax continued to rally.

Thanks, Steve

A perfect 5-wave Elliott pattern

As you al know, MTPredictor is far far far more than just the automatic setups. One of the more Advanced modules in the software is the Elliott Wave module.

As you can see, this nailed the rally on the 3min NQ yesterday with the two corrective lows unfolding right at their respective WPT support zones. Then the high came in right at the Typical Wave 5 WPT – this nailed the high absolutely perfectly !

Remember, only use Elliott Wave when the pattern is “clear and clean”, but when it is, MTPredictor will help you nail the turns perfectly. This is a part of the software that few Standard Traders ever see, but as you can see it is amazingly powerful. I do find it very sad that so few traders are willing to take the time and make the effort to learn how to trade better, because they are missing out on so much, particularly on how powerful MTPredictor really is.....

Thanks, Steve

TS3 buy on the Russell

As the trend was up yesterday, there were some other long trades to consider that unfolded later in the day. The best of these was on the 3min Russell Index.

As you can see, this returned a nice +2.5R Profit (ignoring slippage and commission). Again the DP target was used as the STF was weak. This is the Standard trade management guidelines....

A point to note is that because we have had some tricky and narrow range and choppy days recently, The Cyclical Nature of Trading would suggest that some good and much bigger trades are getting closer now.....

Thanks, Steve

Nails high and low of the day !

Hi Everybody,

Although it was a narrow range day on the ES yesterday, MTPredictor managed to nail both the high and low of the day for you !

The larger degree trend was up (not shown) so the TS3 buy early in the day was a good one to consider. This nailed the low of the day for you. The ES then rallied (albeit slowly) to reach the first projected profit target where a +2.3R Profit was available (ignoring slippage and commission). The WPT target was used by Standard Traders as the STF was “weak”. This nailed the high of the day for you !

So there you have it, MTPredictor nailed both the high and low of the day – brilliant :)

Thanks, Steve

Now for the Advanced Stuff

OK, Did any of you notice how I labelled a “minor ABC” high just after the TS3 buy in the morning ? And do you remember how I said that we should be looking for sell setups, as the larger degree trend was down ? Well, this is where the Advanced Trader among you could have used this minor Wave C high for a new short trade.

The pattern can be seen slightly easier by dropping down to the 2min chart. I do not suggest doing this all the time, but only when you have a clear idea of the larger degree picture and you are happy working with Elliott Wave Patterns.

The result was a nice +4.8R Profit (ignoring slippage and commission) as the NQ mad a minor 5-waev decline into a high volume (VSA) spike. This actually nailed the low of the day for you !

As you can see, once you become more experienced, you will be able to uncover so many more potential trade setups

Thanks, Steve

3min NQ Chart

OK, now we have established that the 15min larger degree trend was down, we should be focusing on sell setups, so the TS3 buy that unfolded in the morning should have been avoided. The only sell that Standard Traders should have considered was the sell in the afternoon.

The NQ did decline slightly from this TS3 sell, but only in an ABC pattern. Locking in a small Profit of +1R (ignoring slippage and commission)at the Wave C low was about the best you could have done.

Not all days have big winners, we should all know that by now, this is because of the “Cyclical Nature of Trading”. I have written a lot on this before, where profits, quiet times and losses goes though cycles. We have had some great trades last week, so it is no surprise to find us in the quiet period of the cycle at the moment. This is just how markets unfold in the real-world....

Thanks

Steve

Larger degree trend first

Hi Everybody,

As usual, let’s start with the later degree trend by looking at the 15min NQ Chart.

As we can see, the 15min NQ found resistance at the DP (which nailed the high of the day) and a decline then followed. This set the trend to down.

Now let’s look at the shorter term 3 and 5min charts to see what setups there were

Thanks

Steve

Big Profits and small losses

Yesterday was a very good example of how it is possible to have a number of losses and still make money overall. Here we had 4 short trades, two of which were losses and 2 profits. BUT because the losses were kept small at just -1R each and the Profits were larger than these at +2.4R and +3.4R, money was made overall, +2.4 -1 -1 +3.4 = +3.8R Profit overall.....

This is such an important point and it still amazes me why so many amateur traders still cannot understand this, you do not need to have a high % of winning trades to make money. What is important is keeping the inevitable losses small and Profits large.

Yesterday on the NQ was a perfect example of this, 2 losses and 2 profits and still you came out with a good profit at the end of the day.

Thanks, Steve

TS3 sell on the 3min NQ

TS3 sell on the 3min NQ

Later in the day we did have two -1R losing trades. As always, we do not hide the losses, and that is important, loses can and do happen, and as such all traders much know how to deal with them.....

But they we got a nice TS3 sell that nailed a high before a decline into the WPT target for a nice +3.4R Profit (ignoring slippage and commission).

A good end to what was a very choppy and narrow range day :)

Thanks, Steve

TS3 sell on the 3min NQ

The day started well with a TS3 sell. Notice how this was not stopped out, so even though it appears as a “history triangle” it was a valid short trade. This is why I always suggest you “analyze” the history triangles to see how they would have unfolded....

The result was a nice +2.4R Profit (ignoring slippage and commission).

But why did we not use the ATRStop here I hear you ask ? Well, as outlined in the Trading Course, the “day after” a big move, we anticipate a sideways and choppy day, so best to look to bank profits earlier using the WPT targets.

Thanks, Steve

NQ – 15min trend

As always we look at the 15min Charts for our “larger degree” Trend, and when we looked at the 15min NQ we can see that it hit the Typical Wave 3 WPT, This signalled that the prior rally was over and that a decline should follow. As such, this set the trend to down for the “shorter term” 3 and 5min Charts.

So now let’s take a look at the 3min NQ Chart

Lastly, notice how we are now on the March 2010 (H0) contract.....

Thanks, Steve

3min NQ

As the 15min trend (not shown) was up, it was a good idea to be looking mainly for long trade yesterday. Even when there is a clear trend direction, losses can and do happen, all professional traders know and accept this. And, unlike most vendors, we do talk about and show losses. For example on the 3min NQ where we had two -1R losses yesterday. BUT (and this is the important point), these where kept small, mush smaller than recent Profits. Small losses and Big profits, that is the key to long term successful trading.

For Advanced Traders, there was another opportunity for a long trade as support came in at the DP on Stochastic divergence. Just using the ATRStop would have ridden this long up for a nice +6.4R Profit (ignoring slippage and commission).

But do you all see how this one Profit at +6.4R was much much bigger than the two (-1R each) losses for a total of -2R. This is how professional Traders make money over time, it is the relative size of the Profits and losses, not their number, most Amateur Traders never fully appreciate or understand this ....

Thanks, Steve

High Volume (VSA) spike and DP support

Hi Everybody,

Shortly after the open yesterday the 3min YM made a high volume (VSA) spike that unfolded at DP support, this was the sign that a low was unfolding and cue to take a new long trade. The YM then rallied nicely to just exceed the first DP target. Normally I would suggest swapping to the ATRStop at this point, however, other markets were at DP resistance as well and showing signs of the high (see NQ chart in the next post), so locking in a nice +2.4R Profit (ignoring slippage and commission) was a good idea.

As such, this was a nice start to the day :)

Thanks, Steve

DP and High Volume (VSA)

Hi Everybody,

I would like to start today with a look at the 3min YM shortly after the open when a nice high volume (VSA) spike unfolded at DP support. This was sign that a low was unfolding and a long trade should be considered.

The YM then rallied nice and started to exceed the initial DP target. Usually I would suggest swapping to the ATRStop at this p9ont, but we had resistance coming in on other markets, see the NQ chart i my next post, so looking to lock in a quick +2.4R Profit (ignoring slippage and commission) was a good idea.

This was a nice start to the day :)

Thanks, Steve

FTSE – nails high and low of the day !

Hi Everybody,

First today I would like to wrap up the Analysis on the FTSE I posted yesterday. As you have already seen, we managed to nail the exact high of the day, as the markets declined after the Pre Budget Speech. But what I found absolutely amazing was where this decline stopped - right at DP support.

So here we were on a day where the markets were being pushed around by an adverse reaction to Alistair Darlings Pre Budget Speech, BUT MTPredictor nailed the EXACT high and low of the day – now, I find that amazing, and shows the power of the tools in MTPredictor !

Thanks, Steve

Massive +24R Profit !

Hi Everybody,

Here is the result of that TS3 sell on the 3min Dax, a massive +24R Profit (ignoring slippage and commission) !!

Absolutely amazing :)

Steve

Bad news for the FTSE - Good news for MTPredictor

Hi Everybody,

As you can see from the attached chart, all MTPredictor users knew exactly how the UK Pre Budget Speech would go down in the city - with a 5 wave high unfolding right at DP resistance, the only way was DOWN...........

As you can see, we nailed the high in the FTSE absolutely perfectly.............. A pity Alistair Darling does not have a copy of the MTPredictor software, then he would have known how badly the city would have reacted to his speach :)

We don't care though, because we nailed the high absolutely perfectly, so MTPredictor comes up trumps again :)

Steve

Massive +13R on the Dax

High Everybody,

A massive trade has just unfolded on the 3min Dax. The “initial target” was the DP from the prior low, which coincided with the typical Wave 3 WPT. As such, this was the perfect place to look for an "initial target".

With the market just reaching this area and sitting on +13R Profit (ignoring slippage and commission), this is turning out to be a brilliant trade................ And the DAX is still declining as I write :-)

Thanks, Steve

3min NQ TS2 sell

The Russell and ES also had sells at the same time as the YM, but I do not have space to include them all here. But one I would like to include was the TS2 sell on the 3min NQ that unfolded later in the day.

This gave you the chance to add another +4.3R Profit (ignoring slippage and commission) as the NQ made a nice decline into the close

So on the surface a confusing day yesterday, but once the larger degree trend was taken into account is was in reality a very profitable day.....

Thanks, Steve

Now, onto the 3min Chart

As I said in the post below, initially a confusing picture with what looked like a lot of losing trades, until you took the larger degree, 15min, trend into account, and then all these losing trades should then have been avoided............... nice :-)

This left us with just one short, which was off the high of the day, that was held into the close for a nice +3.4R Profit (ignoring slippage and commission)

But do you all see how import staying “in the same direction as the larger degree trend” is, particularly on days like yesterday, where most of the losing trades could have then been avoided......

Thanks, Steve

As usual – 15min trend first

Hi Everybody,

On the surface, yesterday was a confusing day on the 3 and 5min US e-minis, “until” you took into account the larger degree trend using the 15min chart, then everything because clearer.

As you can see, the 15min YM started by rallying off DP support – so the 15 trend was up (just buys on 3min charts), then along came a TS2 sell so the 15min trend now turned down (just sells now).

So with this in mind, lets now turn to the 3min YM chart to see what unfolded, but more importantly, what trades should have been avoided as they were against the Up, then down 15min trend.

Thanks, Steve

Another massive trade for Advanced Traders

Hi Everybody,

While we are on the topic of Advanced Traders and what they can do with the software. Here is a brilliant example on the 5min DAX from this morning. On the 5min Chart, Stochastic divergence was coming in at DP resistance, this was the sign that a high was unfolding, so a short trade was in order.

The Dax then collapsed, declining straight through the initial target, and is now the ATR Stop is protecting a massive +22R Profit (ignoring slippage and commission).

Another brilliant example of what is possible once you gain the experience to use the tools in MTPredictor to their full potential !

Thanks, Steve

Part 2 for the Advanced Traders - Pyramiding

OK, as we say in the last post the Advanced Traders could have used a “manual” Elliott Wave count to hep their analysis, but was anything else possible ?

Well, I have talked about pyramiding a week or so ago, but yesterday was another opportunity, as the EW pattern as so clean to add additional short positions as the Wave [2] ABC high was ending. Remember if you are considering pyramiding then stops on all current open positions should be at break-even, so you don’t increase your initial risk.

This would have added +3.5R Profit (ignoring slippage and commission) making this a + 7.5R day on the NQ

I hope you are all starting to see how powerful MTPredictor is once you have taken the time to learn the more advanced capabilities of the software...........

Thanks, Steve

Part 1 for the Advanced Traders

OK, the Advanced Traders among you could have spotted that the decline had reached the Typical Wave 3 WPT (placed on the chart manually, using the manual Elliot Wave count), as such decided to lock in a nice +4R Profit (ignoring slippage and commission) as the day was nearing an end....

If you look at the next post (3min) you will see why I was confident in this “manual” Elliott Wave count.

This just shows what is possible with the more advanced tools that are available in the software – short from the high of the day to lock in Profits at the low of the day – amazing !!

Thanks, Steve

Don’t forget the 5min Charts !

I have said this before, but I will say it again – don’t forget the 5min Charts. Here we had a lovely automatic sell on a 5min NQ charts that nailed the high of the day !

The NQ declined nicely, going through the first projected profit target, where shortly after the STF strength band was exceeded. Standard Traders then used the ATRStop for a very nice +2.8R (ignoring slippage and commisison) Profit.

Thanks, Steve

15min NQ – Larger degree trend

Hi Everybody,

OK, as usual, let’s start with the larger degree trend, and take a look at the 15min NQ chart. Here then 15min NQ made a high right at the typical Wave 3 WPT, as found by the “Elliott Waves module”. This set the trend to down for the rest of the day...

OK, onto the shorter 3 and 5 min charts

Thanks, Steve

Amazing +12R Profit on the FTSE !

Hi Everybody,

One for the European Traders among you here................

A beautiful ABC correction into a TS3 buy automatically unfolded on the 3min FTSE this morning. The FTSE then rallied nicely to reach the first projected profit target, where Standard Traders would have looked to bank Profits for a massive +12R Profit ! (Ignoring slippage and commission)..

Yes, massive trades like this can and do unfold............... and I hope that some of the European Traders among you managed to catch this one :-)

Thanks, Steve

Yes, losses can happen

Even though we nail both the high and the low of the day on Friday, which was absolutely amazing ! And had already banked a nice +7R Profit (on the Russell), it does not mean that losses still do not unfold.

It is important to understand that losses can and do unfold, even when you have a clear larger degree picture. BUT (and this is the important part) the losses are kept small., A -1R loss on the 3min NQ (see chart) is still very small when compared to the +7R Profit on the Russell.

I am still amazed at how many Amateur Traders simply do not understand that it is not the “number” of Profits or losses, that is important it is their related “size” that is important. Big Profits and small losses, that is the secret to long term success in this industry.....

Thanks, Steve

DP support nails the low of the day !

Here is the position of the 3min YM, which shows how the VSA (high volume) bar ws unfolding at DP support. This is why it was a good idea to look to protect a nice +7R Profit on the 3nin TF short.

This is why it is always a good idea to keep an eye on all the 4 US e-minis, even if you are not in a trade.

Thanks

Steve

DP sell nails the high of the day !

Hi Everybody,

Today I would like to start with the 3min Russell Index on Friday.

As you can see, we got an automatic DP sell that nailed the high of the day for you ! I will let you all take a look at the 15mion Charts yourself, but needless to say, this was also at 15min DP resistance, so was a good trade to take. The Russell decline nicely, so the only question was when to get out.

This is why I always keep an eye on other related markets. As the high vole (VSA) bar came in, the YM (in particular) was at DP support. This was an indication that a low was unfolding. So it was sensible to look to lock in a nice +7R Profit (ignoring slippage and commission) at that stage......

Thanks

Steve

Don’t forget the 5min Charts............

I said it a number of time before, but yesterday was a brilliant example of this – dint forget the 5min charts ! As there are very often brilliant trades in this time frames that do not appear on the 3min Charts.

As you can see, on this 5min TF Chart yesterday, there was a perfect TS3 sell, that got you short just before the sharp fall later in the day. As we have also see, this “was in the direction of” the larger degree down trend as well. So all in all, a perfect setup :-)

Standard Traders would have swapped to the ATRStop for trade management as the STF strength band was exceeded. This held the short trade into the close for a massive +12.8R Profit (ignoring slippage and commission) !

Massive trades like this do unfold, you just have to be ready to take them.... Especially when they were are perfect as this one !!

Thanks, Steve

As usual – Larger degree trend first

Hi Everybody,

Today I want to look at the Russell Index (TF), as usual, let’s start with the 15min Chart.

As you can see, the Russell made a high, right at DP resistance (this actually the very high of the day for you !). The Russell then declined to reach the opposing DP late in the afternoon.

As such, the 15min trend was down for all of the day..............

Thanks, Steve

DP nails the high of the day !

One for the Advanced Traders among you !

This is a trade that I know a lot of you caught, in that you saw the 15min highs coming in, but then moved down to the 3min chart for a new short trade entry.....

The exit would have been on the high volume (VSA) spike for a very nice +4.3R Profit (ignoring slippage and commission). In fact this had you short from the high of the day, into the low of the day – this is very best a day-trader could ask for

But this does show what is possible once you become more experienced.....

Thanks, Steve

3min NQ

OK, now we have established that the larger degree trend was down, how should you have handled the TS3 buy that came in on the 3min Chart later morning ?

Well, as it was “against” the larger degree 15min down trend, Standard Traders should have ignored the trade. Any Advanced Traders who liked the look of it should have proceeded with caution and used the 100% initial risk guideline.

Yes, there was a -1R loss on a TS3 short trade later in the day, so overall it was a tricky day on the NQ yesterday

Thanks, Steve

15min NQ

Hi Everybody,

As usual, let’s look at the 15min Charts for the “larger degree trend”, most of the US e-minis were making highs at 15min DP resistance yesterday, so this set the trend to down for the 3 and 5min Charts

See chart........

OK, now onto the 3 min NQ chart

Thanks, Steve

Trades on the 3min Chart

OK, let’s now look at the 3min YM chart.

As I have already said, we had two automatic Buy setups, but can you see the difference, now you have seen the “larger degree trend” on the 15min Chart ? The first (TS3 buy) was “with” the up trend, at the time, into the 15min DP. But (and this is important), the second (TS4 buy) was “against” a new down trend as the 15min Chart found resistance at the 15min DP.

So the first trade was a good one to consider, while the second was best avoided.......

This has been a good example for you all to see how to use the 15in chart for the “larger degree trend”....

Thanks, Steve

15min Trend on YM

Hi Everybody,

The YM yesterday was a great example of how the 15min trend turned from up to down as the 15min chart hit DP resistance. This can be clearly seen on the chart to the right.

This had a direct impact on the 3min chart as we had two buy setups, but the first was “with” the 15min up trend into the 15min DP in the morning, the second was “against a new down trend as the 15 YM declined off DP resistance.

Let’s take a closer look in the next post....

Thanks, Steve

Pyramiding ?

OK, we already know that we should have avoided the sells, but what of the TS3 buy that came up later in the day ? The problem, is that you were already long off the DP low, so is there anything you can do ?

Adding to positions is called Pyramiding, and is not something I talk about a lot as it is an Advanced technique. But what you can do, is when you have confidence in the larger degree trend, then Advanced Traders can consider taking “additional” positions in the same direction. BUT, always make sure that you have protective stops locking in at least a small Profit on your first position if you consider this.

The Result was a nice +5.1R Profit (ignoring slippage and commission) at the Typical Wave 3 WPT. This was uses over the ATRStop as it was so close to the end of the trading day.

The result was an “additional +5.1R Profit to add to your +3.9R from your first trade, making it a +9R day on the 3min NQ yesterday, which was brilliant.

Thanks, Steve

DP Buy nails the low of the day....

OK, now we know that we should be looking for Buys, we can see how we got a DP buy that nailed the very low of the day for you !

Although the rally off the lows did not reach the first projected target, there was a nice +3.9R Profit (ignoring slippage and commission) available on the close.

Thanks, Steve

As usual, first the larger degree trend....

Hi Everybody,

The NQ gave a great example of this yesterday. If you look at the chart, you can see, how we got a TS3 buy yesterday on the 15min Chart, this then set the 15 trend as UP for the rest of the day.

As such, you should have been looking for Buys (and ignoring sells) on your shorter-term 3 and 5min Charts.

So now, let’s take a look at the 3min NQ and see what we get.....

Thanks, Steve

TS3 Buy on the 3min ES

OK, Now we have established that we should be looking for buy setups on the shorter term 3 and 5minn Charts, what unfolded on Friday ?

Well, we did get a TS3 buy in the afternoon, please see chart. But, the market only rallied slightly. I hope you have all read the Trading Course ? Because if you have, the you will all know that the most likely place a trade can fail (if it is going to fail) is at the DP from the prior Wave b swing. And that is exactly what happened here.

You all have to remember, that we are still in the harder part of the cycle. You should all know about the “Cyclical Nature of Trading” by now, so we should not anticipate big trades at the moment these will come back soon...

Thanks, Steve

First, the Larger Degree trend

Hi Everybody....

As usual, let’s start by looking at the “larger degree” trend on the 15min ES Chart. This will then set our “position direction” for the actual trades on the shorter-term 3 and 5min Charts.

As you can see, the 15min ES made a low right at DP support on Friday, this then set the trend to up.......

Thanks, Steve

Happy Thanksgiving

Happy Thanksgiving for Thursday 26th

I just want to wish a very happy Thanksgiving to all our USA customers and friends of MTPredictor from myself and all the team here at MTPredictor.

I hope you all have a good day off with friends and family..................

Steve and all the team at MTPredictor

High Volume (VSA) trade on the Russell

Hi Everybody,

Here is a nice example of the High Volume (VSA) trade setup that I know some of the more Advanced Traders among you follow.

I particularly liked this one as it was a clear “snap back” at the DP support on a high volume (VSA) spike. The 5min chart was also showing a ABC low at this same point, which added weight to the “pattern” at this low.

As you can see, MTPredictor is so much more than simply a collection of “automatic setups” that can take the more Advanced Trader to higher levels in their trading......

Thanks, Steve

Advanced Traders - DP sell nails high of Day

The Advanced Traders among you could have used the DP to nail the high of the day yesterday. The short of this high made approx +1.5R Profit (ignoring slippage and commission).

Yes, this was only a small profit, but it would have made up for the -1R loss earlier and put you into Profit for the day overall, which is always good news

Thanks

Steve