The Dax saves the day with +9.7R trade...

Hi Everybody

Even when the US e-minis have been quiet over the last few days, the 3min DAX come up with this massive +9.7R Profit (ignoring slippage and commission) just this morning..................

A good one for the European Traders among you :)

Thanks, Steve

Loses can and do happen

Hi Everybody,

As I outlined yesterday, we are now in the quieter part of the cycle (Cyclical Nature of Trading), and as such we should expect some losses. Yes, despite what some software vendors and Gurus tell you, losses can and do happen, they are a very important part of a successful trading approach. Why are they so important ? Well it is important that they are kept small. And this is what MTPredictor does....

As you can see from the TS3 sell on the 3min YM yesterday, the loss here was kept small at just -1R, or one risk unit.

As we go through this quieter part of the cycle, we are safe in the knowledge that losses are being controlled, so we are ready to maximise our profits when we get back to the good and profitable part of the cycle, which is coming soon............ This is just the way market unfold in the “real world”.

Thanks, Steve