Happy Thanksgiving for Thursday 26th
I just want to wish a very happy Thanksgiving to all our USA customers and friends of MTPredictor from myself and all the team here at MTPredictor.
I hope you all have a good day off with friends and family..................
Steve and all the team at MTPredictor
Wednesday, 25 November 2009
High Volume (VSA) trade on the Russell
Hi Everybody,
Here is a nice example of the High Volume (VSA) trade setup that I know some of the more Advanced Traders among you follow.
I particularly liked this one as it was a clear “snap back” at the DP support on a high volume (VSA) spike. The 5min chart was also showing a ABC low at this same point, which added weight to the “pattern” at this low.
As you can see, MTPredictor is so much more than simply a collection of “automatic setups” that can take the more Advanced Trader to higher levels in their trading......
Thanks, Steve
Here is a nice example of the High Volume (VSA) trade setup that I know some of the more Advanced Traders among you follow.
I particularly liked this one as it was a clear “snap back” at the DP support on a high volume (VSA) spike. The 5min chart was also showing a ABC low at this same point, which added weight to the “pattern” at this low.
As you can see, MTPredictor is so much more than simply a collection of “automatic setups” that can take the more Advanced Trader to higher levels in their trading......
Thanks, Steve
Advanced Traders - DP sell nails high of Day
The Advanced Traders among you could have used the DP to nail the high of the day yesterday. The short of this high made approx +1.5R Profit (ignoring slippage and commission).
Yes, this was only a small profit, but it would have made up for the -1R loss earlier and put you into Profit for the day overall, which is always good news
Thanks
Steve
Yes, this was only a small profit, but it would have made up for the -1R loss earlier and put you into Profit for the day overall, which is always good news
Thanks
Steve
Cyclical Nature of Trading....
Hi Everybody,
After a nice run if good and profitable trades, it should have been no surprise that we have now enter the difficult part of the trading cycle, As you should all know by now, this is just the “Natural Cyclical Nature of Trading”.
The larger degree trend was not that clear on the 15min ES yesterday, although a down basis as favoured. The 3min ES had a number of sells, the first would have at least been break-even. The second, later in the day, would have been a -1R loss. Yes loss can and do occur when trading. Any vendor who does not mention Loss is not a real trader !
So, Yes, yesterday was a hard day, these do happen when trading. At MTPredictor we look at the “Good, the Bad, and the Ugly” of trading, i.e. the way it unfolds in the “real world”. Very few vendors do this.....
Thanks
Steve
After a nice run if good and profitable trades, it should have been no surprise that we have now enter the difficult part of the trading cycle, As you should all know by now, this is just the “Natural Cyclical Nature of Trading”.
The larger degree trend was not that clear on the 15min ES yesterday, although a down basis as favoured. The 3min ES had a number of sells, the first would have at least been break-even. The second, later in the day, would have been a -1R loss. Yes loss can and do occur when trading. Any vendor who does not mention Loss is not a real trader !
So, Yes, yesterday was a hard day, these do happen when trading. At MTPredictor we look at the “Good, the Bad, and the Ugly” of trading, i.e. the way it unfolds in the “real world”. Very few vendors do this.....
Thanks
Steve
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