Also an ABC..........

But here is why I like this 5min YM DP sell, because the pattern was also a 3-swing ABC, and I like ABC patterns :-)

Thanks

Steve

Here is the 15min YM Chart.............

As you can see the 5min DP sell unfolded at the same time as the 15min Chart was giving a TS3 sell. So the 5min DP was “in the direction of” the 15min Chart, so was a good one to consider.

Thanks

Steve

Automatic DP sell on the 5min YM

Hi Everybody,

There were also some nice automatic trade setups on the US e-minis on Friday was well. The one that caught my eye was the DP sell on the 5min YM early afternoon. Normally I am very cautious of DP’s as I always like them to be with the larger degree charts, so they should be more of an Advanced technique. But this was a good one, because not only was it at a 15min TS3 sell (next post) but it was also an nice ABC pattern

Remember, always check the larger degree charts, particularly for the DP setups

Thanks

Steve

DP’s nailing the turns

Hi Everybody,

Wow, what a day on the 3min ES for the DP (Decision Point) on Friday. If you look at the chart to the right (click to enlarge) you can see how the DP tool in MTPredictor managed to nail virtually every high and low throughout the day on Friday............

Steve