3min DAX - Advanced

Then, and this is a perfect example of when to use the DP on the shorter time frame, can you see how the 15min rally stopped right at DP support.

So let’s now look at the 3min and we can see a perfect VSA high volume spike sell, this nailed the very high of the day for you !

All of these tools are available in the new MTPredictor v6.5 which has real-time capabilities as is launched today !

Steve

PS, yes you ignore the TS4 buy later as this was now "aginst" the new 15min down trend.....

15min trend

Yes, I know, you are all asking – “how did the 3min buy fit in with the larger degree 15min chart?”

Well, as you can see, “very well” is the answer as the 15min trend was strongly up (in DP resistance) at the time of the 3min TS3 buy

Steve

3min DAX

Hi Everybody

As we have seen many times before, just because the US e-minis are in a quiet part of the natural trading cycle, other markets are not. For example this beautiful TS3 buy on the 3min DAX this morning.............

+7R Profit (ignoring slippage and commission) using the ATRStop..........

Steve

Yes losses can unfold.

Hi Everybody.

First please re-read the post below, where I say “so what should we be starting to prepare for after a good (and very profitable) few days ? “ Exactly a few losses. As we all should know by now, this is just the natural Cyclical Nature of Trading and is how Profits and Losses unfold in the “Real World”. So don’t say that I did not warn you that a few losses were overdue .......

As you can see, the 3min ES had two losing trades, as shown by the history triangles in the new MTPredictor v6.5. BUT, and this is the important point, these losses were kept small at just -1R each, so -2R is a lot smaller than the +6R Profit that was possible on the ES the day before. And that is the key to successful trading, keeping the losses small (not avoiding them).

Again, unlike most Gurus and software vendors, we do show and talk about losses !

Thanks

Steve