I was asked how you could have taken advantage of the strong rally later in the day. Well, as you can see the 3min ES did make a ABC correction (as found by the Elliott Wave module). This got you long into the 5-wave rally that then unfolded.
Tightening stops as the minimum Wave 5 WPT was reached would have taken profits at the high of the day ! for a very nice +7.7R Profit (ignoring slippage and commission). This long was backed by the larger degree (15min) up trend.............
What a day, a day in which MTP nailed the very low (DP buy), then the very high (minimum Wave 5 WPT) of the day for you – this shows the power of MTPredictor :-)
Steve
Tightening stops as the minimum Wave 5 WPT was reached would have taken profits at the high of the day ! for a very nice +7.7R Profit (ignoring slippage and commission). This long was backed by the larger degree (15min) up trend.............
What a day, a day in which MTP nailed the very low (DP buy), then the very high (minimum Wave 5 WPT) of the day for you – this shows the power of MTPredictor :-)
Steve
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