Political uncertainty leads to MTP Profits

Hi Everybody,

Here is a great reason why I don’t take any notice of the news. Here in the UK, here is great political uncertainty with talks of collations. But, while all this uncertainty goes on MTP nailed a perfect TS3 sell on the 3min FTSE.

With the decline into the first projected profit target, MTP users had a lovely +5.5R Profit (ignoring slippage and commission).....

So while the “City” is uncertain about what may happen in Government, MTPredictor users are quietly amassing yet more profits – lovely !

Thanks, Steve

Why you need to follow more than 1 market

OK, now let’s move onto the 3min YM, where we started with the same -1R losses early in the day. Yes, losses can and do happen, it is just important that they are kept small at just -1R.

But then we got a DP buy early afternoon, that made +0.9R Profit, then (and this is the one I would like to look at), the TS3 sell at 15:00EST reached the minor DP support (from the minor wave b low). And you should know from reading the Trading Course, that this is the first “minor” support zone following a Wave C high or low. So (as we were expecting a hard day), a further +2.1R Profit was available here.

So, as you can see, this would have made the YM Profitable overall, whereas the ES was not. This is why you must follow more than just 1 e-mini as you will get differ trades as the patterns on each e-minis will be different throughout the day.

Thanks, Steve

Why you need to follow more than 1 market

Hi Everybody,

Yesterday was a great example of why it is important to followed all the 4 US e-minis, because you can get additional information on one of the other markets as well as additional trades. Let’s take a look at an example

If you look at the 3min ES on the face of it, it was not a good day, with a -1R loss, which was followed by two break-even trades. But overall, it would have been a hard day..............

But, let’s take a look at the 3min YM in the next post

Thanks, Steve

PS. Then in the Advanced Blog, we will see how the Advanced Trader could have considered that lovely TS1 sell, even though it was “against” the STF colour