Monday, 23 November 2009

Now for the Advanced Traders


What amazed me on Friday was how the rally off the DP low unfolded in such a perfect Elliott Wave pattern. Notice how we had an ABC correction, which was then followed by a 5-wave rally into the high. The Elliott Wave module in MTPredictor v6.5 automatically identified both of these patterns for you.

This allowed the Advanced Trader to come out nearer the high for a nice +3.3R Profit (ignoring slippage and commission)

Thanks, Steve