3min Chart of the Russell Index

The 3min Russell Index also got in on the act a bit later with a good looking TS4 buy setup. The Russell rallied nicely off this to reach the first project profit target where a nice +2.9R Profit (ignoring slippage and commission) was available.

Do you all see now how the larger degree trend was up (on the 15min Charts) so you should have avoided the sells and only taken the buy. The result was approx +5R Profit over the YM and TF buys. Compare this +5R Profit to the potential -0.4R loss the day before and now do you all see how MTPredictor does such a great job of keeping your losses small and Profits large. This is the key to long term success in this industry

Thanks, Steve

3min Chart of the YM

Exactly, as the 15min trend was up you should have avoided any sell set-ups and focused on the buys..........

And we got a nice TS2 buy later in the day that made +3.2R Profit (ignoring slippage and commission), please see the chart to the right.....

Steve

Trend again........

Hi Everybody

I hope you were all paying close attention to my comments in yesterday’s Blog posts, because yesterday was a perfect example of how to use the larger degree trend. So let’s take a closer look at the 15min YM chart as an example.............

Here we can see that the 15min YM put in a Wave 5 low, with the low right at the typical Wave 5 WPT. The YM then started to rally off this low. This set the larger degree trend to up for the rest of day as the 5min YM rallied up into DP resistance.

OK, with the 15min YM trend UP, what did that mean for the shorter-term 3 and 5min trades ?

Steve