History Signals Part 2

OK, now we have applied the Analysis, we can see that indeed this was a valid TS3 buy, and as such gave us a nice profitable +3.3R trade (ignoring slippage and commission).

So what is happening ? Well, if you use the Chart Replay mode, you can see that the pivots changed as the market unfolded around that time, this is why the abc pattern changed. But by placing the history triangle on the chart and allowing the analysis to be applied, we can analysis see what the situation would have been “at the time”

So the result was a nice +3.3R Profit as the TS3 buy nailed the low and then the NQ rallied nicely

Thanks, Steve

PS, I do suggest you take a look at the Advanced Blog, as MTP continues to do some amazing stuff with the more advance tools !

History Signals

Hi Everybody,

Yesterday we had a great example on the 3min NQ, of why we always need to check and then apply the analysis on the history signal (small triangles on the chart), as they are not always -1R losses

As you can see from the chart, the history triangle at 13:45EST looks to have nailed the low perfectly and as such looks to have been a good trade............

So let’s apply the analysis, in the next post and see....

Thanks, Steve

Yes losses can happen

Hi Everybody,

Yesterday was a frustrating day with a few losses on the automatic signals alone.... The 3min Russell is a good example, where we had two -1R losses early in the day. These were partly made up by a small +0.8R profit in the last few minutes of trading.... But overall, it was a hard day....

And yes, hard days and losses do unfold. This is part of trading. Any Guru or software company who tells you that losses do not happen, then they have either never traded themselves or they are lying !

This is all part of the natural Cyclical Nature of Trading, that I talk about a lot...... and is how markets (and trading) unfolds in the “real world”.

Having said that, Advanced Traders could have done better, please see the Advanced Blog

Thanks, Steve

Opposite signals

Hi Everybody,

This is question I get a lot – what do I do when in a trade and I get a signal in the “opposite” direction. The 3min Russell (TF) Index on Friday was a good example of this. As you can see, we had a good looking TS3 sell, and you would have been short, but then a TS2 buy appeared at 11:00EST. So what do you do ?

Well, I always see that you try and stick with the original trade unless there is a very good reason to change. I.e. you are trying to stay with the strongest trade based on the larger degree trend.... Sometimes this is easier than at other times. For example here, the trend was nicely down, and the TS2 (although on a black STF) was not a “obvious” ABC correction so was not a “good enough” reason to sway from the current TS3 short trade.

BTW, “if you had have “stopped and reversed”, the TS1 sell later would have got you back short again, so in this example it would not have made much difference.

Thanks, Steve

A Quiet day

Hi Everybody,

Yesterday was a quiet day on the automatic setups, please see the 3min ES chart. As you can see there were no automatic setups yesterday.

But, yesterday was a perfect example of why I encourage you all to learn some more “advanced” techniques and setups, because if you had then you would have had some brilliant trades yesterday.....

From an Advanced eye, the 3min ES unfolded absolutely perfectly yesterday !!

Please see the Advanced Blog........

Thanks, Steve

Can we do better ?

OK, I know that traders don’t like losing, so could we have done better ?

Well using the standard trade guidelines, all these three setups were valid. BUT I want to take a closer look at the first TS4 setup. As this is not really advanced analysis as it is covered in the trading course (and I know that you have all read and carefully studied the Trading Course !!) I will include it in this Blog. You will already know that the DP from the minor Wave b high or low is very often the place a setup will fail (if it is going to fail). As you can see, this nailed the high from the TS4 buy perfectly............. So how can you use this information ?

Well, at the very least, once a trade gets to this level you should start to think about raising your protecting stop. In this example if not to break-even, then at least to just below the last minor swing low.

This would have had the effect of reducing the loss here even further, so “ideally” this would have been 1 break-even, then 1 loss and then 1 Profit. So only 33% losing trades - a much better figure to live with

Thanks, Steve

Does 1 out of 3 winners mean losing money ?

Hi Everybody,

Yesterday was a brilliant example of how correct Position Sizing can help you so much. On the 3min ES we had 3 trades, and only 1 made money. 33% success rate would “on the surface” seem rubbish. BUT, and this is what most amateur traders miss, by using correct position sizing, the loss on the 2 losing trades was kept small, at just -1R each, and then (this is the really import bit) the profit was +3.9R (ignoring slippage and commission, i.e. much much larger than the losses.

So just on the surface, 1 profit and 2 losses actually made +1.9R (+3.9 -1 -1) profit !!

Most amateur traders simply cannot understand that it is not the number of winners or losers it is their SIZE that matters.... that is why on average 95% of amateur traders never control their risk and as such go bankrupt.

Thanks, Steve

Always look at more than one market

As we have already seen, the US e-minis were hard yesterday as the markets crept higher without giving us any buy set-ups. BUT this is why it is so important to follow other “correlated” markets.

If you look at the chart, you can see how the 3min DAX (German stock market) made a very good looking TS3 buy at 14:00EST so was very tradable by European traders and American traders alike. As you can see, this made a massive +7.8R Profit (ignoring slippage and commission) !

So when the US e-minis were not giving any buy and were creeping higher, the buy on the Dax gave the perfect opportunity to trade advantage of this rally in world markets..... There are just too many people that only follow just one market, and as such are missing out on great profits like this

Thanks, Steve

3min NQ

Hi Everybody,

Yesterday was a slightly harder day, with a couple of losses on the 3min NQ. Yes, it is important to talk about losses as they can and do happen.....

As you can see, that two -1R losses were valid as they were on a black STF. The two DP sells later in the day were “against” the blue STF so should have been ignored..... But the TS4 sell early in the day is one that I will talk about on the Advanced Blog.

Thanks

Steve

A great day on the US e-minis

Hi Everybody,

Yesterday was a brilliant day on the US e-minis with some lovely buy setups that were all in the direction of the blue STF. So yesterday was a “no brainier” !

A you can see, the two buys on the 3min ES both turned our well with +2.9 and +2.1R Profits (ignoring slippage and commission). Then we did have a -1R loss later in the day but -1R was a lot smaller than the +5R Profits from the two earlier trades. Small losses and Big profits, that is the key to successful trading.

Both Profits were taken at the first project target as the STF was weak both times.............. The only question some people have is whether to simply take profits at the target or to then start to “trail” the stop 1 tick below the bars lows. The differences is discussed in Part 2 of the Trading Course

But either way, yesterday was a very good day on the US eminis, with Profits on all 4 of the ES, YM, NQ and Russell !

Thanks, Steve

PS, remember to check out the Advanced Blog for that litle bit extra on the trades

Perfect example of a Standard setup

Hi Everybody,

Here is an absolutely perfect example of the Standard setups and standard trade management guidelines in action.

If you look at this 3min Dax chart you can see that we had a TS2 sell earlier in the day that resulted in a -1R loss (triangle on the chart). This was followed by another TS2 sell, and because this short was so far in Profit, stops should have been at least at break-even, if not slightly in Profit.

Then we had some potential buy setups unfold................ But the STF was red, so these were ignored. Then we got another TS3 sell this time that nailed the high before the Dax declined sharply. Notice how this was still with the red STF direction.... The STF was weak (less than the strength band) so Profit was banked at the first profit target – The result a nice +5.9R Profit (ignoring slippage and commission)

But do you see how the STF has kept us in the main down trend, and helped avoid the weaker buy setup. Even when a loss was made it was kept small, much smaller than the +5.9 Profit, meaning money was made overall. No second guessing, all was under control and managed carefully, all the way....

Thanks, Steve

3min YM

Yesterday was a quiet day with only a few setups, for example there were no automatic setups on the 3min ES, and only 2 on the 3min YM

As you can see, the first TS2 buy was with the STF colour so resulted in a -1R loss. The second was against the STF colour so should have been avoided............

Thanks

Steve

PS, but the Advanced Traders would have had some good trades..... please see http://elliott-wave-trader.blogspot.com/

Standard trade setups vs. Advanced Analysis

Hi Everybody,

A number of you have emailed in saying that my Advanced Analysis has been confusing you as you are new to the software and have found it hard to see how it relates to the Standard trade setups and guidelines...... I do understand, and I must admit this is my fault as I do love sharing more Advanced Analysis to show you all what MTPredictor is really capable of.........

So wheat I have decided to do is to keep the examples on this Blog more in line with the Standard trade setups and guidelines. But then I will start a new Blog that is dedicated exclusively for my Advanced Analysis. In this way you can choose to follow which Blog you feel most comfortable with.....

I hope this allows you to all feel more comfortable with what you are seeing here on this blog. But I do hope that you sneak a peek at the Advanced Blog, as that is where MTPredictor really starts to come into its own with the Advanced Analysis. I think you will all be blown away with what the software can do once you become more experienced

Thanks

Steve

Yes, losses can happen... Part 2

OK, onto if we look at the 5min NQ chart, we can see a very good looking TS3 sell, that did start to decline nicely. However, it reversed and rallied, which was against our anticipation.... As the trade was so far into profit initially, stops should have been at break-even so at least this should have only been a break-even trade.

But then almost immediately we got another sell. But this one resulted in a 1-R loss. So, yes, overall this would have been a losing day.

Yes losses can and do happen, this is what I talk about with the Cyclical Nature of Trading, the good news is that soon the cycle will come round to some profitable trades. Our job is while we are in the losing part of the cycle is to keep the losses small...

Thanks, Steve

Yes, losses can happen...

Hi Everybody,

Something that many amateur traders cannot understand is why a loss can unfold, when everything appears to fall into place perfectly (?). Well, welcome to the real-world, that is why trading is called “speculation” as all we are doing is speculating on a probable future outcome. And probabilities are never 100%. So yes, losses can and do unfold, anybody who tells you otherwise is not a professional trader......

Here is a good example: where yesterday the 15min YM looked to be setting up for a TS1 sell, so we “assumed at the time” that the larger degree trend was down, so were on the lookout for shorter-term sell setups.

OK, onto the 5min NQ chart.

Thanks, Steve

3min YM

OK, now we know the larger degree (15min) trend was up into the “measured move” Typical Wave C WPT, we can look at what Buy setups there were on the 3min YM.

As you can see, we have a nice TS2 buy setup early in the day that reached the Typical Wave C WPT. As the STF was weak we do not use the ATRStop, but as the 15min trend was still up, we could compromise buy simply training the stop 1 tick below the bar lows. This would run the trade as the main trend was up, but not give too much room as the STF was still weak.

The result, a nice +5.3R Profit (ignoring slippage and commission)

As you have seen form all these post, good trading comes from experience and can sometimes be more of an “art” rather than pure “science”. Good traders can amend the basic guidelines depending on how the markets are currently unfolding. This is why I am so against totally “mechanical” systems as they will never have the “finesse” of a good and experienced trader.....

Thanks, Steve

Measured moves

Hi Everybody,

I get a lot of questions from people asking why we can place an ABC count on what is obviously an “impulsive swing” in MTPredictor. Usually we are looking for the ABC pattern to be part of a “correction”, please see this help video:
http://www.mtpredictor.com/help/videos/WaveC-Criteria/WaveC-Criteria.html

But, for the Advanced users among you, the Typical Wave C WPT can be used as a “measured move” as it contains the 1:1 ratio. Very often we get an “impulsive swing” that stops at the 1:1 ratio, or at the Typical Wave C WPT.

Yesterday charts of the 15min YM was a great example of this, as you can see, this nailed the high of the day.

But, as experienced is required to know when to apply this, I only suggest that the more Advanced Users among you consider this.

Thanks, Steve

Cyclical Nature of Trading...........

Later in the day yesterday the picture because a lot less clear as the 3min charts became choppy as they reached 15min resistance levels. This can and does happen. Too many amateur traders “assume” that everything is picture perfect each and every day. Real life trading is simply not like that. I describe it as driving in Fog. Sometimes the fog is dense and you can’t see, but sometimes it is clear and you can see well. Trading is the same, sometimes the pattern is clear and at other times it is not..... This is why “assuming” that you are going to make “x dollars” each and every day is wrong, because some days it will be easy and you have good profits, but then some days you will have losses, and other days will be hard with no trading...

This is the Cyclical Nature of Trading....

Something that all professional traders come to learn and understand. Once you do, then you can trade “in tune” with how the markets really unfold. Please read this PDF:
http://www.mtpredictor.com/support/documents/How%20Profits%20and%20loses%20unfold%20in%20the%20real%20world.pdf

Then you will have a better “expectation” of how Profits and Losses unfold in the real word

Thanks, Steve

Nice TSA3 buy on the 3min Chart

Early in the day we got a good looking TS3 buy on the 3min NQ.... As this was in the direction of the larger degree (15min) up trend, this was a good trade to consider.

As the STF strength band was strong as the first WPT target was reached, standard traders would have swapped to the ATRStop. The result was a nice +2.9R Profit (ignoring slippage and commission).

So far so good. But this is when the nice clear patterns then ran out, and the day got a lot harder as the pattern became less clear later in the day.

Steve

The day started well

Hi Everybody,

The day started well yesterday, with a clear up trend, this can be clearly seen on the 15min NQ where the market was rallying from DP to DP. So early in the day yesterday the larger degree trend was up....

A word of note on using the longer (15 and 60min) charts over the “Roll over period”. When we chart across the Roll Over the longer charts can get distorted because of the price difference between the last and current contract month. This can skew your 15min charts a bit. This is just something to be aware of....

OK, onto the 3min NQ Chart now

Steve

Advanced Analysis – the true Holy Grail

OK, I hope you have all been paying attention to my “Advanced Analysis” posts recently, because there was yet another perfect example of my favourite trade that I call the Holy Grail of trades.................. Where we use the tools in MTPredictor to nail the very end of the Wave (2) correction, to then be able to trade the Wave (3) swing.............

As we all know, Wave (3) in Elliott Wave terms is the strongest and longest swing so carries the highest profit potential. Therefore, this is the best possible trade you can have as it carries the largest profit potential for the smallest initial risk....

If you look at the chart, we already knew that the larger degree trend was up, so when the 3min YM made a 5 wave rally (Wave 1), we knew to look for a abc correction (Wave 2). As you can see, the tools in MTPredictor nailed these swings for us. The target was the Typical Wave 3 WPT. This was duly reached later in the day for a brilliant +7.8R Profit (ignoring slippage and commission)......................

Amazing..... and all nailed by the tools in MTPredictor !

Thanks, Steve

Larger degree tend on the 15min Chart

Here is the 15min ES chart, which as you can see made an automatic TS4 buy setup at the low of the day. This set the trend to UP for the rest of the day................ Therefore, as we have already seen, the two sells on the 3min YM charts were “against” this 15min up trend, so should have been avoided......

This was a good example and I hope has helped you all to see how to use the larger degree trend to filter your actual setups on the shorter term chart..

This applies equally well to 240 and 480min charts when trading on 60min Forex, to weekly charts when trading on Daily Stocks. It is the same principle and us using the 15min charts for trades on the 3 and 5min charts, as we do regularly here on this Blog.

Thanks, Steve

How to avoid losing trades..

Hi Everybody,

Here is a chart of the 3min YM from yesterday. As you can see there were two losing sells as the YM rallied. Yes there were only two sells as there was a double top with the second history triangle and the TS4 label so there was only one trade there. So the question arises – was there a way to avoid these losing trades ?

As always, the answer is in the larger degree trend, which we will see was UP in the next post.

So this was a good example of how using the “larger degree trend” helped avid what otherwise would have been two -1R losses.

Thanks, Steve

A choppy day

Hi Everybody,

Friday was a hard and choppy day in which the US marekts just moved sideways in a narrow range...

But what I found amazing was how the MTPredictor automatic routines nailed the main highs and lows during the session perfectly :)

Thanks

Steve

Something amazing

Hi Everybody,

Now do you want to see something absolutely amazing ?

As we have already see, the larger degree trend was up, so one “Advanced technique” I have talked about is to use the DP for a trade off a “fake out” shortly after the open.... Well, this nailed the very low of the day on the 3min YM for you............ The target was the higher DP.

When the YM got there, the STF was strong, so the long trade was swapped to the ATRStop, this held the long trade into the close for a massive +9.6R Profit (ignoring slippage and commission)

Yes, this is an Advanced trade, and no it did not use any of the automatic setups, but what an amazing trade, long from the low of the day to hold a long all day to come out at the high for such a huge profit. These are the kind of trades that are possible with the tools you have in MTPredictor. The only question is whether you are using them ?

Thanks, Steve

Now – shorter term for the trades

OK, now we know that the larger degree trend was up, on the 15min chart, we can focus on any buy setups.

The 3min TF (Russell Index) was a good example, with this good looking TS4 buy around lunch time. The Russell then rallied nicely to reach the first project profit target, where the STF was strong. So standard trades would have swapped to the ATRStop, which held the long trade into the close.

The result, a nice +6.4R Profit (ignoring slippage and commission)

Even with a small (-1R) loss on other markets - for example the YM. The +6.4R Profit here was much larger. This is what makes money over time - small losses and big Profits, and yesterday was a great example of this....

Thanks, Steve

PS, we are now on the June (M0) contracts

First – larger degree trend

Hi Everybody,

As usual, let’s look at the larger degree trend first with the 15min TF (Russell Index) chart. Here we have a nice clear picture of the larger degree (15min) trend being up from the Wave C low, into the DP..........

As such we should have been focusing on the long side for our trades.

Thanks, Steve

PS, we are now on the June (M0) contracts

Nails high and low of the day !

Hi Everybody

Wow, what a brilliant day on the 3min YM yesterday, with a TS3 sell nailing the high of the day for you ! Bit not only that, this short then declined and then found support at the DP< that nailed the low of the day for you ! Short from the high of the day, to take profits at the low of the day is the best any day trader could ask for – brilliant !

The result a nice +7R Profit (ignoring slippage and commission)...........

Yes, there was a -1R loss earlier in the day and the TS2 sell later in the day was against the new 15min up trend (off a 15min Wave C low)...... and yes, standard traders would have been using the ATRStop for this TS3 short, but for Advanced traders, knowing that support was coming in at the DP, this was a brilliant trade, and shows the power of the tools in the software – to nail both the high and low of day !

Thanks, Steve

The Holy Grail of setups Part 2

It would have been nice if the automatic setup came in on the 3min YM chart, but we did get an automatic TS1 sell setup on the 3min NQ. Again, this is a good example of why I always follow all 4 US e-minis. There was a minor abc on the 3min YM, using the Elliot Wave module, but the 3min NQ was the more obvious setup

As you can see, this nailed the high perfectly before a sharp fall...........

As the STF was strong, the ATR was used for a nice +8.4R Profit (ignoring slippage and commission)

There are some brilliant setups unfolding on markets each and every day, day after day, I just hope that you all have done your homework so you know what to look for :)

Thanks, Steve

The Holy Grail of setups

Hi Everybody,

Here is another perfect example of what I call “The Holy Grail” of setups. It is one I detail ion the Trading Course, and talk about a lot.

What we are looking for is an important high or low, for example the 5-wave high on the 5min YM chart. Then we need an “initial decline”, then we are looking for is the “first correction” to the “initial decline” to sub divide into a minor abc pattern. This ideally should be found as an automatic TS1 or TS3 setup.

Why is this setup so good ? Well, because after a Wave (2) correction we “usually” get a Wave (3) swing which is the strongest and longest of all the Elliott Wave sequences, so carries the largest profit potential.

So all the pieces were in place on this YM 5min Chart. With a clear 5 wave rally, then a decline then a rally into the Wave 2orB WPT......

Thanks, Steve

Question on History signals Part 3

So the end result, was ONE short trade (not three) that resulted in a nice +3.8R Profit (ignoring slippage and commission) on the close.

So again, History Signals should be viewed and thought of as “filled” trades and not “failed” trades.....

Thanks, Steve

Question on History signals Part 2

As you can see, we got three possible sell signals late in the day on this 3min YM chart, two history signals and one TS4 sell, so is that three trades ?

No, if you see the help video:

p://www.mtpredictor.com/help/videos/65-history2/65-history2.html

You will see that once we place the Analysis on the first history signal, the short trade was filled, BUT (and this is the important part) is was NOT stopped out. So when the next two signals came up, you would already have been in a short trade.

So this means that just because you see a History triangle on a chart, it does not mean that it is a “failed” (-1R loss) trade, all it means is that it is a “filled” trade. You should then place the Analysis on to see how it would have been managed.....

Thanks, Steve

Question on History signals

Hi Everybody.

Here is a question I get a lot, and it is to do with the History Signals that are in MTPredictor v6.5.

Sometimes we can get “double tops” or double bottoms that can shift the pivot lines along, this then places a history triangle on the chart. So the question (please see the chart) is whether these are actually filled and then failed trades, or what do they mean ?

Thanks

Steve

+7R Profit on the 3min Dax

But now compare the ES trade (post below) to a TS3 buy on the 3min DAX at the same time............

Here the DAX rallied nicely to reach the first profited profit target, where standard traders would have banked a nice +7R Profit (ignoring slippage and commission).

This just goes to show why it is a good idea to follow more than just one market, and how the same set, at the same time, on deferent markets can work out very differently

Thanks, Steve

3min ES

Hi Everybody,

Sometimes days can just be hard work and frustrating. For example, if you look at this 3min ES chart, you can see that we got a TS3 buy at 11.42EST. But the ES just went sideways for the rest of the day, and this trade would have been ultimately closed on the close for a +2.2R Profit (ignoring slippage and commission).

Yes this was a profit, but it was certainly a frustrating trade.................. But as professional traders, we have to accept that sometime trading can be hard work. This is just life !

BTW, the reason the TS3 is shown as a “history triangle” is that the ES made a “double bottom” a few bars later, so the pivot moved over ......... But the long trade was never stopped out.

Thanks, Steve

Onto the 3min Chart

OK, now we know that we should have been focusing on the buy setups, let’s take a look at the 3min Russell Index (TF)...........

As you can see, we did get a nice TS4 buy around lunch time.....

Using the Standard trade management guidelines meant swapping to the ATRStop as the first profit target was reached (and the STF was strong). Yes, it was a bumpy ride, but the result was a nice +4R Profit (ignoring slippage and commission) on the close.

Thanks, Steve

Larger degree trend

Hi Everybody,

As usual, let’s look at the larger degree trend first.

On the 15min Russell (TF) this was up from the prior TS3 buy into its first profit target. So we should have been focusing on potential buy setups rather than sell

OK, over to the 3min Chart now

Thanks, Steve

Nails high and low of the day !

But for me, the most amazing chart yesterday was the 5min YM, where DP’s nailed both the high and low of the day for you !

I think that is amazing.................................

Thanks, Steve

3min NQ Chart

The clearest signal was on the 3min NQ, where we had a TS3 sell early in the afternoon. But first notice how the buy (triangle) earlier would have been avoided as the larger degree trend was down at the time, and then how the sell at the end of the day would have been avoided, as there were also against the larger degree up trend at the time.

So the best signal, that also fell in line with the larger degree trend was the TS3 sell.............

The NQ declined into the first profit target where +2R Profit was available (ignoring slippage and commission).

Thanks, Steve

Larger degree trend

Hi Everybody,

Looking at the 15min Charts of the 4 US e-minis yesterday, the clearest picture was on the 15min YM. Where we made a high right at DP resistance. Then a decline followed into the opposing DP, where a low unfolded.....

This set the trend nicely to down into the lower DO, then up into the close.

So now let’s take a look at a 3min Chart to see how the automatic setups “fitted in” with this larger degree trend picture...

Thanks, Steve

+3.4R Profit on the 3min DAX

Hi Everybody,

Here is a nice standard trade setup on the 3min Dax this morning that (using the standard trade management guidelines) made a nice +3.4R Profit (ignoring slippage and commission)

Notice how profit was taken at the first profit target as the STF was weak...

Thanks, Steve

3min ES – DP nails high of day !

This is why I always keep an eye on “all 4” of the e-minis because very often the pattern can be slightly clearer on another market.

This is a good example, because when the 3min YM invalidated because of a new high, the 3min ES was right at DP sell for a very clear and clean “manual” DP sell.................. This nailed the high of the day for you.

The ES declined nicely. As the STF was strong, the ATRStop would have been used for a nice +2.3R Profit (ignoring slippage and commission)

Thanks, Steve

3min YM

OK, now let’s move down to the 3min YM.............

Where we had a -1R loss early in the day, then the second trade of the day (at 13:57 EST) was invalidated as the high was exceeded the new bar (so a new setups) “before” the trade entry was triggered......

Note for Advanced trader: the sell was still valid as it was still an ABC high, it was only the R/R (because of the wider bar) that removed the automatic setup. So Advanced traders could still have considered a short...... Less experienced traders could have looked at the 3min ES (next post) as the pattern was clearer....

Thanks, Steve

Larger degree trend

Hi Everybody,

Yesterday was tricky on the larger degree tend on the 4 US e-minis, with 3 of them not having any clear pattern, other than being up. The 15min YM, however, was at DP resistance.

Because the YM was the clearest pattern, I would have focused on the YM yesterday for 3min shorts.

But what we all have to realize is that there will be days when the pattern is unclear. When this happens either don’t trade or if you do, be more cautious....

Thanks

Steve

Elliott Wave module

Hi Everybody.

Here is a great example of Elliott Waves unfolding on the 3min FTSE from just yesterday......

First we got a 5 wave decline (which was wave C of a larger degree), then a low was made right at the Typical Wave 5 WPT. Then we had an “initial rally”, which was followed by an “initial correction” that subdivided into a ABC for a automatic TS3 buy. Then we got a strong rally that subdivided into a minor 5 waves.

All of these patterns were found by the Elliott Wave module in MTPredictor v6.5.

The end result (as the minor Wave 5 high was coming in) was a nice +9R Profit (ignoring slippage and commission)......

This just show you how powerful MTPredictor is and how it can help you in identifying these patterns for you.

Thanks, Steve

NinjaTrader 7

NinjaTrader 7

Hi Everybody,

We are just staring looking at upgrading the MTPredictor RT add-ons for NinjaTrader 7, and I would like to see what new options you would all like. So please could you take this quick survey:

http://www.surveymonkey.com/s/8HWMZ2W

Basically I am looking to find out how many people would like more tools in the RT add-ons for NinjaTrader 7.

Thanks

Steve

A test for you.....

Hi Everybody.

Here is a little test for you all................ There is no need to email in, just answer the test for yourself.....

Please see the 15min Dax chart. After reviewing the chart, is the larger degree trend Up or Down ? And as such should you be focusing on Longs or Shorts ?

Thanks

Steve