A perfect 5-wave Elliott pattern

As you al know, MTPredictor is far far far more than just the automatic setups. One of the more Advanced modules in the software is the Elliott Wave module.

As you can see, this nailed the rally on the 3min NQ yesterday with the two corrective lows unfolding right at their respective WPT support zones. Then the high came in right at the Typical Wave 5 WPT – this nailed the high absolutely perfectly !

Remember, only use Elliott Wave when the pattern is “clear and clean”, but when it is, MTPredictor will help you nail the turns perfectly. This is a part of the software that few Standard Traders ever see, but as you can see it is amazingly powerful. I do find it very sad that so few traders are willing to take the time and make the effort to learn how to trade better, because they are missing out on so much, particularly on how powerful MTPredictor really is.....

Thanks, Steve

TS3 buy on the Russell

As the trend was up yesterday, there were some other long trades to consider that unfolded later in the day. The best of these was on the 3min Russell Index.

As you can see, this returned a nice +2.5R Profit (ignoring slippage and commission). Again the DP target was used as the STF was weak. This is the Standard trade management guidelines....

A point to note is that because we have had some tricky and narrow range and choppy days recently, The Cyclical Nature of Trading would suggest that some good and much bigger trades are getting closer now.....

Thanks, Steve

Nails high and low of the day !

Hi Everybody,

Although it was a narrow range day on the ES yesterday, MTPredictor managed to nail both the high and low of the day for you !

The larger degree trend was up (not shown) so the TS3 buy early in the day was a good one to consider. This nailed the low of the day for you. The ES then rallied (albeit slowly) to reach the first projected profit target where a +2.3R Profit was available (ignoring slippage and commission). The WPT target was used by Standard Traders as the STF was “weak”. This nailed the high of the day for you !

So there you have it, MTPredictor nailed both the high and low of the day – brilliant :)

Thanks, Steve