Massive +24R Profit !

Hi Everybody,

Here is the result of that TS3 sell on the 3min Dax, a massive +24R Profit (ignoring slippage and commission) !!

Absolutely amazing :)

Steve

Bad news for the FTSE - Good news for MTPredictor

Hi Everybody,

As you can see from the attached chart, all MTPredictor users knew exactly how the UK Pre Budget Speech would go down in the city - with a 5 wave high unfolding right at DP resistance, the only way was DOWN...........

As you can see, we nailed the high in the FTSE absolutely perfectly.............. A pity Alistair Darling does not have a copy of the MTPredictor software, then he would have known how badly the city would have reacted to his speach :)

We don't care though, because we nailed the high absolutely perfectly, so MTPredictor comes up trumps again :)

Steve

Massive +13R on the Dax

High Everybody,

A massive trade has just unfolded on the 3min Dax. The “initial target” was the DP from the prior low, which coincided with the typical Wave 3 WPT. As such, this was the perfect place to look for an "initial target".

With the market just reaching this area and sitting on +13R Profit (ignoring slippage and commission), this is turning out to be a brilliant trade................ And the DAX is still declining as I write :-)

Thanks, Steve

3min NQ TS2 sell

The Russell and ES also had sells at the same time as the YM, but I do not have space to include them all here. But one I would like to include was the TS2 sell on the 3min NQ that unfolded later in the day.

This gave you the chance to add another +4.3R Profit (ignoring slippage and commission) as the NQ made a nice decline into the close

So on the surface a confusing day yesterday, but once the larger degree trend was taken into account is was in reality a very profitable day.....

Thanks, Steve

Now, onto the 3min Chart

As I said in the post below, initially a confusing picture with what looked like a lot of losing trades, until you took the larger degree, 15min, trend into account, and then all these losing trades should then have been avoided............... nice :-)

This left us with just one short, which was off the high of the day, that was held into the close for a nice +3.4R Profit (ignoring slippage and commission)

But do you all see how import staying “in the same direction as the larger degree trend” is, particularly on days like yesterday, where most of the losing trades could have then been avoided......

Thanks, Steve

As usual – 15min trend first

Hi Everybody,

On the surface, yesterday was a confusing day on the 3 and 5min US e-minis, “until” you took into account the larger degree trend using the 15min chart, then everything because clearer.

As you can see, the 15min YM started by rallying off DP support – so the 15 trend was up (just buys on 3min charts), then along came a TS2 sell so the 15min trend now turned down (just sells now).

So with this in mind, lets now turn to the 3min YM chart to see what unfolded, but more importantly, what trades should have been avoided as they were against the Up, then down 15min trend.

Thanks, Steve