Monday 9 August 2010

My favourite setup


Hi Everybody,

Sorry for not posting for a few days, but I have been away on a well needed vacation.........

Now I am back, I see that we had a brilliant long trade on the 3min ES. In fact this was my “favourite trade” and one that I have talked about many many times before. It is my favourite trade because catching the end of the Wave (2) correction, to them be able to trade the strong Waver (3) represents the highest Profit / lowest risk trade there is. In fact, MTPredictor was designed in the first place to catch this very trade..........

Yes, I know it is against a red STF, and I will explain why this is in the Advanced Blog.

But, as you can see, at +10.4R Profit (ignoring slippage and commission), this was an amazing trade !!

Thanks, Steve