Hi Everybody,
Isn’t the Cyclical Nature of Trading amazing ! Here we are, after a few hard days, then we get a beautiful TS3 sell on the 3min Russell Index. The reason I liked this one over the YM was because the ABC pattern was a lot more symmetrical.
As you can see, the Russell declined sharply from the TS3 sell (which nailed the very bar of the high !) Once the STF strength band was exceeded we swap to the ATRStop, which held the short trade until it was stopped out for a very nice +6.3R Profit (ignoring slippage and commission).
This particular trade was why I designed MTPredictor in the first place, to look for the ABC correction “inside” a larger degree wave (2) (look at the 5min for this), off which a strong Wave (3) swing unfolds. This is the best trade in the book !!
Steve
Isn’t the Cyclical Nature of Trading amazing ! Here we are, after a few hard days, then we get a beautiful TS3 sell on the 3min Russell Index. The reason I liked this one over the YM was because the ABC pattern was a lot more symmetrical.
As you can see, the Russell declined sharply from the TS3 sell (which nailed the very bar of the high !) Once the STF strength band was exceeded we swap to the ATRStop, which held the short trade until it was stopped out for a very nice +6.3R Profit (ignoring slippage and commission).
This particular trade was why I designed MTPredictor in the first place, to look for the ABC correction “inside” a larger degree wave (2) (look at the 5min for this), off which a strong Wave (3) swing unfolds. This is the best trade in the book !!
Steve
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