RDC – US Stock – Wave 5 high

Hi Everybody,

Here is another good example of the 5-wave sequence.

Yes there was a -1R loss on June 8 on the first attempt at the high, but this second attempt is unfolding nicely.

Again, all the pieces are in pace for a good looking Elliott 5-wave pattern

Thanks

Steve

NWL – US Stock Wave 5 high

Hi Everybody,

Here is a great example of the Wave 5 sequence that I was talking about last week in my Customer only Advanced Training.

Here this US Stock, NWL made a good looking 5 wave advance, with the high reversing right at the minimum Wave 5 WPT. All the pieces were in place, exactly as outlined in the training webinar last week. So let’s see whether it can continue down into the initial target of the DP (form the prior Wave 4 low)

Thanks

Steve

3min ES - Advanced analysis

Now for the Advanced Traders among you............

I am not going to say much, just give you a chart showing how the Advanced Traders among you could have uncovered some nice trades with the more advanced routines in MTPredictor.

As you can see, these is so much more that you can grow into with MTPredictor, to make you a better trader...

Thanks

Steve

3min TF

OK, let’s start with a standard and automatic TS3 buy that unfolded later in the day on the Russell Index. This is for the Standard Traders among you out there.

OK, although the 15min TF was not coming off DP support, we did have a clear picture on the 15min YM, so when this TS3 buy came up at 14:51EST it would have been a good one to take.

Knowing the larger degree trend was up, you should have been looking to run any long trades further. Doing this would have held this long trade into the close for a nice +7R Profit (ignoring slippage and commission)

This is why I always suggest following all 4 minis, if you only follow just one market you are missing out on so many good trades like this one......

Thanks

Steve

YM – 15min

Hi Everybody,

As usual, all you Day Traders should start with the major support levels on your larger degree charts, in this case, the 15min. If you had all done that, you would have seen support coming in at the DP on the 15min YM. That then set the trend as up for the rest of the day, so you then know that you should have been focusing on longs on your 3 and 5min charts

So let’s now take a look at these to see what we have.........

But I still think it is amazing how well the DP works, here the DP on this 15min YM chart just nailed the low absolutely perfectly – amazing !

Thanks

Steve