Hi Everybody,
As the new MTPredictor V6.5 RT is getting closer to release I thought I would remind you all of how the Advanced Traders among you can use some of the more advanced tools and modules in the current V6.0 to help find additional trade setups. Here is a good example on the 5min YM, that nailed the high of the day for you on Friday.....
As you can see, the high unfolded at the minimum wave 5 WPT. But I also like how this was on a high volume (VSA) spike as well. This was a classic “blow off” top formation, where the move to new highs on very high volume failed and was just a “fake out” by the professional traders....
Please remember, that the Elliott module is an advanced technique. For Wave 5’s please see the Wave 5 help video at: http://www.mtpredictor.com/support/V6.php (bottom of the page).
The 5min YM then declined into the DP (from the prior Wave 4 low) perfectly for a nice +4.8R Profit (ignoring slippage and commission)
Thanks, Steve
As the new MTPredictor V6.5 RT is getting closer to release I thought I would remind you all of how the Advanced Traders among you can use some of the more advanced tools and modules in the current V6.0 to help find additional trade setups. Here is a good example on the 5min YM, that nailed the high of the day for you on Friday.....
As you can see, the high unfolded at the minimum wave 5 WPT. But I also like how this was on a high volume (VSA) spike as well. This was a classic “blow off” top formation, where the move to new highs on very high volume failed and was just a “fake out” by the professional traders....
Please remember, that the Elliott module is an advanced technique. For Wave 5’s please see the Wave 5 help video at: http://www.mtpredictor.com/support/V6.php (bottom of the page).
The 5min YM then declined into the DP (from the prior Wave 4 low) perfectly for a nice +4.8R Profit (ignoring slippage and commission)
Thanks, Steve
Posts
