Monday 5 July 2010

What an amazing day !!

But the good trades did not stop there, we got a nice TS2 sell a few bars later that caught the last fall into the low of the day. As the STF was weak, profits were taken at the WPT target. This nailed the low of the day ! for a nice 3.9R Profit (ignoring slippage and commission).

Add this to the +4.2R Profit from earlier and standard Traders should have had a great day with some very good profits !

But the day did not stop there, so please turn to the Advanced Blog, where we will see two more truly amazing trades for the more Advanced Traders among you.

I still cannot believe how well the markets move sometimes and how well MTP does in nailing the turns. Days like this are truly amazing !!

Thanks, Steve

What an amazing day !!


Hi Everybody,

Friday was an absolutely amazing day on the 3min YM, both for Standard and Advanced Traders..... But let’s start with the automatic DP sell just after the open. As the STF was black this was a standard sell setup. The 3min YM declined into the first profit target where the STF was strong, so we should have looked to “run” this short trade, rather than thinking of “stopping and reversing” as two potential buys came in.

The ATRStop held this short as the YM continued to decline for a very nice +4.2R Profit (ignoring slippage and commission).

A good start to the day, but this was only the start, you will be amazed how well MTPredictor does by the end of the day !

Thanks, Steve