3min FTSE winner

Hi Everybody,

It was not all doom and gloom yesterday, there was a very nice +12R Profit on the 3min FTSE, please click on the chart to the right, that I had a good look at in my training webinar (MTP customers only) yesterday. Here we saw how it was a good idea to look to “run” this short into the Typical Wave 3 WPT target on the 3min Chart, because this “fell in line” with what the larger degree 15min Chart was saying.

This is where the additional training of the MTPredictor customer webinars comes in. As you can see, a purchase of MTPredictor is not just the software, it includes lots of additional training as well, as we wish all our customers to get the most from the software......

Thanks

Steve

Again, Losses are important to include

Hi Everybody,

Again, I must stress how important it is to realize that losses can and will unfold in any trading. Too many Gurus just do not mention losses, and that annoys me. Anyway. After a couple of good “Gap Opening” plays over the last few days it was no surprise that one yesterday did not work, please see the chart to the right on the 3min NQ. But, and this is the important part, this loss was kept small at just -1R, which is small when compared to the Russell Gap open play of +6R Profit yesterday. This is the secret to successful trading, keeping the losses small (not avoiding them) and the profits large.

Otherwise, yesterday was a hard day on the US minis, which should come as no surprise, especially after such a brilliant few days recently. I hope you all remember the cyclical nature of trading :-)

Thanks

Steve