VSA – High Volume Spikes

Hi Everybody

I just wanted to remind you that MTPredictor is not just automatic setups based on the TS1,2,3 and 4 routines. For those of you who study the Trading Course will know that we teach other setups, for example a very nice High Volume Spike (VSA) setup that when combined with a reversal at DP support or resistance can highlight very nice trades for you.

A great example has just unfolded on the 3min DAX, as you can see this nailed the high perfectly, before a sharp fall right into the lower DP support zone where +3.9R Profit was available (ignoring slippage and commission).

As you can see, for the experienced and Advanced Trader, MTPredictor has to tools to identify some very nice tradable opportunities.......

Thanks, Steve

Elliott Wave - my Isolation Approach

Hi Everybody,

In my Advanced Customer Training webinar tomorrow I will be talking about some of the other Elliott Wave patterns we look at in MTPredictor. In particular the Wave 5. Please remember that the way I do Elliott wave (my unique isolation approach) is unique and different to the more traditional Elliott Wave analysis as taught by the standard books. So I will take a look at the difference and why I developed and use Elliott Wave in the way that I do.

A good example has recently unfolded on a UK share – BP, where the Wave 5 high unfolded right at the Typical Wave 5 WPT, which was followed by a decline into the DP from the prior wave 4. Which is exactly as taught in the MTPredictor Trading Course

Thanks

Steve

ES – 3min DP

Hi Everybody,

The US e-minis started well yesterday with a nice DP buy shortly after the open on the 3min ES. This nailed the low of the day for you. The ES then rallied nicely. As the STF strength band was exceed we swap to the ATRStop for trade management. This held the long trade for a nice +4R Profit (ignoring slippage and commission).

After that, the markets went flat so the rest of the day was tricky and hard work. But we all know by know that markets can do this, so we should not worry about tricky times as we know they will usually not last long before some good trades come round again.

Thanks

Steve