Massive +22R Profit on the 3min DAX

Hi Everybody,

What a day for the European Traders among you............

As you can see, the 3min DAX gave us a DP sell that nailed the high of the day for you ! But that is not the amazing bit, the Dax then collapsed from there. The STF was string so Standard Traders swapped to the ATRStop. This held you short as the fall continued........

The only thing I would say, is once you get wide range bars down (on high volume) “and” you are sitting on such a massive Profit (+22R) then the sensible course of action is to look to lock this in. As you can see, this was then stopped our for a massive +22R Profit (ignoring slippage and commission) !!

Yes such massive trades like this do occur, and yes MTPredictor does catch them........... the question is, did you :-)

Steve

Set the larger degree trend

Hi Everybody,

OK, let’s start with the larger degree trend on the 15min ES yesterday. As you can see, the 15min ES made a low right at WPT support. This was a similar situation to a few days ago, where we had reached a Wave 3 target, so while I do not suggest trading “against” a Wave 3 on that time frame, on the “shorter time frame” a counter trend swing usually unfolds, and that is what we look to catch on the shorter, 3 and 5min Charts.

OK, so now we have established that the 15min trade was up off this WPT support zone, let move down to the 3min ES Chart

Thanks

Steve