Thursday 24 June 2010

The Holy Grail of Setups

Hi Everybody,

Today I would like to look at the Holy Grail of setups. This is a setup that I talk about in the Trading Course, and for those of you who have been following me for a while, will know that it is my favourite setup.

We got this setup on both the NQ and YM 3min Charts yesterday. As you can see, with +8.3R Profit (ignoring slippage and commission), this was a massive Profit to have yesterday.

I will take a more detailed look at the setup in the Advanced Blog, but I also suggest you take a look at this Forum Post: where I look at the setup in more detail as well

This setup was the reason I designed MTPredictor in the first place – to catch the end of Wave (2) to then be able to trade the whole of the Wave (3) swing, I think that this is the best trade there is !!

Thanks, Steve