3min NQ - VSA setup

OK, here is one for the Advanced Traders among you

At 11:45 EST the 3min NQ made a high volume reversal (VSA) signal. The Advanced Traders among you would have spotted that the NQ was both at DP support and on Stochastic divergence. Both signs for a potential low. All that was needed was a blue, buy, reversal bar. This unfolded the very next bar.

This nailed the low. The 3min NQ then rallied in a Elliott Wave 1,2,3 wave pattern, so tightening stops as the Typical Wave 3 WPT was reached would have been a good idea...........

As you can see, even in a quiet day, there are normally setups for the more experienced and Advanced Traders among you, those of you who have spent the time to learn and study the MTPredictor trading course....

Thanks, Steve

3min ES

Hi Everybody,

After a couple of brilliant (and very profitable) days it was no surprise to have a quieter day on the 3min ES. As you can see from the chart there was little going on. This is where the patience and discipline is required.

Having said that, the DP’s did nail most of the main turns during the day for you

Thanks

Steve

One for the European Traders....

Hi Everybody,

Here is a great trade on the FTSE 3min, to show that the European Traders among you are also having some nice trades....

A standard TS3 buy setups, that went to the first profit target. As the STF was weak, the WPT target was used (standard trade management guidelines). This resulted in a nice +7R Profit (ignoring slippage and commission).

All in all a perfect and completely standard trade setup

Thanks

Steve