Advanced Analysis – Part 3

Exactly, a strong Wave (3) type of rally................... And guess what, that is exactly what unfolded, with the YM reaching the Typical Wave (3) WPT where a high started to unfold.

The, result a nice +4.7R Profit (ignoring slippage and commission).

But the profit is not the whole story, what I still find amazing is how well MTPredictor nails these type of setups for you. As we have seen, MTP nailed the exact low of the day, then the exact Wave (1) high. Also we nailed the minor 5 wave rally off the low, then the minor abc pattern. Then the Wave 3 high at the Typical Wave (3) WPT................. I don’t know about you Guys, but I still find this absolutely amazing....

MTPredictor was initially designed for me to be able to uncover these kind of trades and this is why I take so much time showing you them. I just hope that enough of you take the time and make the effort to study and learn how to use MTPredictor to its full potential. When you do, I think you will be amazed at how brilliantly this stuff works......

Steve

Advanced Analysis – Part 2

Correct............... The “initial” rally off an important low would be considered a Wave (1), and should “ideally” sub divide into a lesser degree 5 wave pattern. As you can see, that is exactly what happened as found by the “minor” Elliott waves. So far MTPredictor has done a perfect job of nailing the low of the day, then the first high, and also the minor pattern of the rally.

So what should you anticipate next ? Exactly, a Wave (2) correction, that subdivides into an abc pattern.

And is exactly what unfolded, with the minor abc being found by the Elliott Wave module. Again, MTPredictor doing a brilliant job of nailing the Elliott Wave patterns for you...

The trade was long off the blue (buy) bar.................... But what was the target ? What should you anticipated after a Wave (2) low ?

Come on, you should all know this, as this is my “favourite trade” and the one I talk about more than any other :)

Steve

Advanced Analysis – Part 1

OK, now we have seen that the larger degree, 15min trend was up, you would have avoided the sells that appeared on the 3min charts.

But I want to take a closer look at a trade that shows the true power of MTPredictor, and quite frankly blew me away yesterday as it was unfolding, as MTP nailed the turns absolutely perfectly.

This is where MTPredictor stands head and shoulders above other software, in its ability to perform more advanced analysis like this. This is the type of analysis I do myself and why I designed MTPredictor in the first place.................. So I suggest you all pay attention :)

Here we can see how the 3min YM made a low at DP support. This actually nailed the very low of the day for you ! Then the YM rallied into the opposing DP perfectly and made a high. So far so good. But what should we all know about the “pattern” of an “initially rally” off a “important low” ?

Steve

Larger degree trend

Hi Everybody,

I do hope that you read my posts yesterday and the studied them carefully................. because we had exactly the same situation unfold in the US e-minis yesterday, so you would have all been “prepared in advance” for this. I don’t know of any other software company that provides such good and comprehensive education free for all their customers like this :)

OK, to review, as you can see, the 15min Charts (ES shown) made a low at DP support, this set the trend to up for the day. So, exactly in the same way as the DAX example below, you should have ignored any sell setups and have been looking for buy on the shorter term 3 and 5min Charts....

Steve