Another massive trade for Advanced Traders

Hi Everybody,

While we are on the topic of Advanced Traders and what they can do with the software. Here is a brilliant example on the 5min DAX from this morning. On the 5min Chart, Stochastic divergence was coming in at DP resistance, this was the sign that a high was unfolding, so a short trade was in order.

The Dax then collapsed, declining straight through the initial target, and is now the ATR Stop is protecting a massive +22R Profit (ignoring slippage and commission).

Another brilliant example of what is possible once you gain the experience to use the tools in MTPredictor to their full potential !

Thanks, Steve

Part 2 for the Advanced Traders - Pyramiding

OK, as we say in the last post the Advanced Traders could have used a “manual” Elliott Wave count to hep their analysis, but was anything else possible ?

Well, I have talked about pyramiding a week or so ago, but yesterday was another opportunity, as the EW pattern as so clean to add additional short positions as the Wave [2] ABC high was ending. Remember if you are considering pyramiding then stops on all current open positions should be at break-even, so you don’t increase your initial risk.

This would have added +3.5R Profit (ignoring slippage and commission) making this a + 7.5R day on the NQ

I hope you are all starting to see how powerful MTPredictor is once you have taken the time to learn the more advanced capabilities of the software...........

Thanks, Steve

Part 1 for the Advanced Traders

OK, the Advanced Traders among you could have spotted that the decline had reached the Typical Wave 3 WPT (placed on the chart manually, using the manual Elliot Wave count), as such decided to lock in a nice +4R Profit (ignoring slippage and commission) as the day was nearing an end....

If you look at the next post (3min) you will see why I was confident in this “manual” Elliott Wave count.

This just shows what is possible with the more advanced tools that are available in the software – short from the high of the day to lock in Profits at the low of the day – amazing !!

Thanks, Steve

Don’t forget the 5min Charts !

I have said this before, but I will say it again – don’t forget the 5min Charts. Here we had a lovely automatic sell on a 5min NQ charts that nailed the high of the day !

The NQ declined nicely, going through the first projected profit target, where shortly after the STF strength band was exceeded. Standard Traders then used the ATRStop for a very nice +2.8R (ignoring slippage and commisison) Profit.

Thanks, Steve

15min NQ – Larger degree trend

Hi Everybody,

OK, as usual, let’s start with the larger degree trend, and take a look at the 15min NQ chart. Here then 15min NQ made a high right at the typical Wave 3 WPT, as found by the “Elliott Waves module”. This set the trend to down for the rest of the day...

OK, onto the shorter 3 and 5 min charts

Thanks, Steve