Nails high and low of the day !

We have already seen how MTPredictor nailed the very low of the day on the 3min NQ.................. Well, see how the very high of the day on the 3min ES unfolded right at the minimum Wave 5 WPT using the Elliott Wave module...........

I think that is pretty amazing ............. nailing both the high and the low of the day on the US e-minis on Friday !

Thanks, Steve

Now for the Advanced Traders

As you all know, I do try and encourage you all to works and learn how to identify more advanced setups. Well, Friday was a good example of this, because on just the standard and automatic setups on the 3min you would have had two setups that you would have avoided, so a quiet day. BUT once you learn more advanced techniques, additional; trades become available to you.

If you look at the chart, the 3min NQ made a “minor ABC low with a reversal at the minimum Wave C WP and DP support. All of this on a high volume (VSA) bar. This nailed the low of the day for you !

The NQ then rallied into the opposing DP, when another high volume (VSA) bar unfolded. +4.6R Profit was available (ignoring slippage and commission) at this level.

As you can see, MTPredictor has the tools available for you to uncover some great trades, all you need is to take the time and make the effort to learn how to use them......

Thanks, Steve

3min Automatic setups

OK, now lets move down to the 3min charts to see any setups there.

As you can see, we did get a automatic sell in the morning (history triangle) and a TS4 buy in the afternoon. But both of these are against the 15min up trend in the morning and the 15mn down trend (after the 15min DP sell) in the afternoon, so should have been avoided......

Thanks

Steve

15min trend

Hi Everybody.

OK, let’s start with the larger degree trend on the 15min NQ. As you can see, it appears to be still making higher highs and higher lows, which is by definition an uptrend.

But, we did get a DP sell around midday on Friday, so this could be early warning of a high coming in, so switched the uptrend to down for the short term 3 and 5min charts in the afternoon on Friday.

Thanks

Steve