Advanced trade opportunities

Hi Everybody,

Today I would like to show you some more Advanced techniques that you can use to uncover additional setups with MTPredictor. For this I would like to look at the FTSE.

If you look at the chart you can see how the FTSE made an Important high just after the open. This was also at a 15min (larger degree) DP resistance. The FTSE then decline,. In Elliott Wave terms this is a Wave (1). Then a “corrective rally” unfolded into the Wave (2orB) WPT, where a red (sell bar) unfolded. This was the signal for a new short trade. As this is a Wave (2) high, because the larger degree trend was down, we “play for” a Wave (3) type decline.....

And this is exactly what unfolded.............. As the FTSE declined sharply to reach the Typical Wave 3 WPT where a nice +7R Profit was available (ignoring slippage and commission).

As you can see, MTPredictor has the tools that will allow you to uncover some great trade opportunities, if you take the time and make the effort to “learn” how to use them....

Thanks, Steve

Nails high and low of the day !

We have already seen how MTPredictor nailed the very low of the day on the 3min NQ.................. Well, see how the very high of the day on the 3min ES unfolded right at the minimum Wave 5 WPT using the Elliott Wave module...........

I think that is pretty amazing ............. nailing both the high and the low of the day on the US e-minis on Friday !

Thanks, Steve

Now for the Advanced Traders

As you all know, I do try and encourage you all to works and learn how to identify more advanced setups. Well, Friday was a good example of this, because on just the standard and automatic setups on the 3min you would have had two setups that you would have avoided, so a quiet day. BUT once you learn more advanced techniques, additional; trades become available to you.

If you look at the chart, the 3min NQ made a “minor ABC low with a reversal at the minimum Wave C WP and DP support. All of this on a high volume (VSA) bar. This nailed the low of the day for you !

The NQ then rallied into the opposing DP, when another high volume (VSA) bar unfolded. +4.6R Profit was available (ignoring slippage and commission) at this level.

As you can see, MTPredictor has the tools available for you to uncover some great trades, all you need is to take the time and make the effort to learn how to use them......

Thanks, Steve

3min Automatic setups

OK, now lets move down to the 3min charts to see any setups there.

As you can see, we did get a automatic sell in the morning (history triangle) and a TS4 buy in the afternoon. But both of these are against the 15min up trend in the morning and the 15mn down trend (after the 15min DP sell) in the afternoon, so should have been avoided......

Thanks

Steve

15min trend

Hi Everybody.

OK, let’s start with the larger degree trend on the 15min NQ. As you can see, it appears to be still making higher highs and higher lows, which is by definition an uptrend.

But, we did get a DP sell around midday on Friday, so this could be early warning of a high coming in, so switched the uptrend to down for the short term 3 and 5min charts in the afternoon on Friday.

Thanks

Steve

Don’t forget the 5min Charts

Hi Everybody,

I know that a number of you follow the 3min charts, but (as I have said before), please don’t forget the 5min chart, as these very often have good setups on as well. There is a tendency for some traders to drift to ever shorter and shorter time frames, when in reality, some of the bigger moves actually unfold on slightly longer time frame chart. The very short time frame is usually only noise so traders can get stopped out by a noise wiggle before the main trend really gets going. That is why the 5min charts can very often give you good trades.

Here is a great example, where the best trade yesterday was on the 5min NQ. As you can see, this caught the string rally in the afternoon for a nice +3.9R Profit (ignoring slippage and commission)....

Thanks, Steve

Choppy day yesterday............

Hi Everybody,

It was a very choppy day yesterday on the ES. As you can see from the 3min chart io the right, the ES just made narrow and small swings yesterday.........

But it was nice to see that the tools in MTPredictor manage to nail virtually every high and low during the day for you :)

Thanks

Steve