Tuesday, 14 September 2010

DP sell nails the high of the day !


As an Advanced Trader, I always like to look at Advanced trades as well, because that is where the true power of the software is and to be honest I still find it amazing how good MTPredictor can be at times, so wouldn’t it have been nice to be able to catch the high of the day as well !

Well, as you can see, we did have a DP sell at the high of the day. What I like about this was that although the STF was red it was on stochastic divergence and also on a high volume (VSA) bar. The only thing that I also look for is “larger degree support or resistance”, so let’s take a look in the Advanced Blog for this.

As you can see, the YM decline nicely off this high for a possible +5.7R Profit (ignoring slippage and commission) as the TS4 buy came in......

So here we are with MTPredictor nailing both the high and low of the day for you – now I find that absolutely amazing !!

Thanks, Steve