Now for the Advanced Traders...

OK, Now for a look at another trade the more Advanced Traders among you could have uncovered.

As we have already seen, the larger degree trend turned form down to up around midday, at that time a nice TS3 buy came in on the 3min NQ. This was backed by a high volume (VSA) spike as well.

Then NQ, then rallied, but rallied in a 5-wave sequence. Profits were protected as the Wave 5 high was coming in for a nice +4R Profit (ignoring slippage and commission).

As you can, see MTPredictor did a brilliant job yesterday, from controlling losses on the YM, to finding easy trades on the TF and now nailing a brilliant advanced trade on the NQ :)

Thanks, Steve

Now the easy one..................

OK, we have already seem that the YM was a hard day, BUT just look at the 3min Russell Index (TF), one trade, and one profit for a massive +5.7R Profit (ignoring slippage and commission).

So even though some markets were hard yesterday some were amazing easy, with a clear, clean and good-looking TS3 sell that returned a massive profit................ nice :-)

Thanks, Steve

A hard day on the 3min YM

Let’s start with the 3min YM, as this was a very hard day. As usual, we are not scared to look at the harder days here at MTPredictor, as professional traders we all know that some days are harder than others. Any software company that just shows you good trades, and not losses are not professional traders and as such should be viewed with caution.

Here we had 4 trades on the 3min YM, a losses then a +3R Profit, then we avoided the TS4 sell in the afternoon as it was against the trend, then had two further losses later in the day. 3 losses and 1 profit seems terrible, BUT, and this is the IMPORTANT POINT, even with 3 losses and only 1 profit you were actually “break-even” for the day. This was because the losses were kept small at just -1R and the Profits large at +3R.

This is so important, keeping losses small and profits larger during the bad times, Amateur traders simply do not understand that this is how to protect your valuable trading capital when the inevitable losses come though.

So here were are with (on the surface) a terrible day, but MTPredictor has preserved your trading capital for you. This is the true strength of good trading.....

Thanks, Steve

15min trend

As usual, let’s start with the larger degree trend.

This was easiest to see on the 15min ES chart, where we had the current down trend continuing form the day before, until DP support came in around midday.

So the trend was down in the first part of the day, then turned up for the afternoon.....

OK, onto the 3min Charts now.......

Thanks, Steve