Now a question ?

Here is a DP sell that is just staring to unfold on this same 3min FTSE chart. BUT (as I have already said in the post below), the 15min Chart is up, and we are not at a nice clear 15min DP resistance zone. So should you consider taking this DP sell or not ?

Hopefully you should all say No to this question. As such, this has been a good example of how to screen your automatic setups so that they fall “in the direction of” the larger degree trend.

Thanks, Steve

TS4 buy on the 3min FTSE

Hi Everybody,

I have been talking a lot recently about the more advanced analysis and techniques, but we must all remember that MTPredictor has a number of purely automatic setups. A great example was this TS4 buy that has just unfolded on the 3min FTSE. Please remember to always check the automatic setups with the direction of the larger degree trend on the 15min Charts. In this example the 15min chart was up, so this was a good setup to consider.

The trade management was using the WPT targets, as the STF was weak (not above the strength band)

The result was a nice +2.7R Profit (ignoring slippage and commission)

Thanks, Steve