A few days vacation

Wow, after a few such brilliant days on the markets with MTPredictor I am having a few days holiday. As such there will be no posts until the end of next week.....

Thanks

Steve

Now for the Advanced Traders

I was asked how you could have taken advantage of the strong rally later in the day. Well, as you can see the 3min ES did make a ABC correction (as found by the Elliott Wave module). This got you long into the 5-wave rally that then unfolded.

Tightening stops as the minimum Wave 5 WPT was reached would have taken profits at the high of the day ! for a very nice +7.7R Profit (ignoring slippage and commission). This long was backed by the larger degree (15min) up trend.............

What a day, a day in which MTP nailed the very low (DP buy), then the very high (minimum Wave 5 WPT) of the day for you – this shows the power of MTPredictor :-)

Steve

DP Buy nails low of the day !

OK, now we know the 15min Chart was at DP support, we could have been comfortable about the DP buy on the 3min Chart, this nailed the low of the day for you !!

The result, a nice +2.4R Profit at the first target (ignoring slippage and commission)

Steve

First the larger degree trend,

Hi Everybody,

As usual we start with the larger degree trend. As you can see the 15min DP nailed the low of the day on the ES beautifully yesterday. This set the larger degree trend to up for the rest of the day.

OK, onto the 3min Chart now

Steve