YM – 3min Chart

Here is the amazing bit................ Yesterday I was teaching about the 5 wave sequence in my customer advanced training webinar, and this 3min Chart gave us a perfect example. Just look at how the high of the day was right at the Typical Wave 5 WPT (as well as the 15min DP), so this allowed you to nail the high of the day absolutely perfectly yesterday ! Amazing !

What that did mean, is that now a high was in, you had to be careful about any automatic buys unfolding later on. For new traders that meant avoiding them, for more advanced traders that meant caution, and if taken, raising protective stops quicker than normal.

Either way, the tools in MTPredictor, the DP on the 15min Chart and Elliott Wave 5 high on the 3min chart nailed the high for you, therefore giving you the information you need to make informed choices about your trades................

Thanks

Steve

YM – 15min Chart

Hi Everybody,

Today I would like to start with the larger degree trend on the YM, so that means the 15min Chart

As you can see the larger degree trend was UP, into the DP when a high was made, but the important thing was “after” the YM started to decline from this 15min DP the trend had turned down, so this meant being careful about buys on the shorter 3 and 5min Charts in the afternoon yesterday.

OK, let move down to the shorter 3min charts.......

Thanks

Steve