Away last week

Hi Everybody,

I apologise for not posting last week, I have just got married and I was away on honeymoon.........

Thanks, Steve

Lovely +4R Profit on the NQ

Hi Everybody,

Another good day on the US e-minis yesterday with a standard automatic TS buy setup on the 3min NQ, please see attached. As you can see, the NQ rallied nicely to reach the first projected profit target, where a nice +4R Profit was available. Note how the STF was weak (not past its strength band) indicating that the WPT targets should be used for the trade exit.

A completely standard trade managed using the standard management guidelines........

Thanks, Steve

TS4 sell nails the high !

Hi Everybody,

After a few quiet days it was nice to see this TS4 sell on the 5min YM nails the high of the day, right before a sharp fall. AS you can see, this short trade nailed this decline in the 5min YM perfectly.

As the YM got to the first projected Profit target, the STF was strong (beyond its strength band), so standard traders would have swapped to the ATRStop. This held the short trade for a very nice +5R Profit (ignoring slippage and commission).

But what amazed me was where the decline stopped, please see the Advanced Blog for this.

Thanks, Steve

Keep the losses small.......

Hi Everybody,

Yesterday was a brilliant example of why it is so important to keep the losses small. What most amateur traders never realize is that losses can and do happen, but the trick is keeping them small and under control.

On the 3min YM yesterday we had 4 automatic trades, 3 were losers BUT (and this is the important point) the 1 profit make +3R (ignoring slippage and commission). To have 3 losses and only 1 Profit and to come out break-even on the day is a brilliant result. Amateur traders must understand that losses can and do happen. We are one of the few companies that talk about losses, and it is important to understand that losses will happen in this industry.....

Thanks, Steve,

Please see the Advanced Blog, where I will show a trade I talked about a few days ago that would have made yesterday Profitable overall.

3min ES follows the Dax

We have already seen that the 3min Dax gave us a lovely TS4 sell at 8:54EST. So let’s take a look at the 3min ES, using 24hr data and see what unfolded around then. As you can see, the 3min ES did indeed follow suite with an automatic TS4 sell unfolding at 9:06EST.

Normally I use the “day session” times for the US e-minis (9:30 - 16:15EST), but we can get some nice setups just before the open, and that is when having a look at the 24hr data can come in.

As we can see, the ES followed the Dax down, resulting in a nice +7R Profit as DP support came in. For the Advanced Traders among you, notice how this decline unfolded as a minor 5-waves, with the low at the Typical Wave 5 WPT. Also, notice the Stochastic divergence on the entry as well as the exit. For the Advanced Traders among you this was a perfect trade ! And one that I hope the newer traders among you can start to fid for yourselves. Again, all the tools are in MTPredictor and the setups are there, it is just up to you whether you which to take the time to learn how to find them......

Thanks, Steve

Holy Grail trade on the 3min Dax

Hi Everybody,

The 3min Dax had another brilliant “Holy Grail” trade yesterday. Please remember that just because there is a History Triangle, it does not mean that it was a losing trade. In this example, the Dax made a double top, so the initial TS4 short trade was not stopped out.

As you can see, this nailed the high, just before the Dax collapsed. With +14.4R Profit (ignoring slippage and commission) available as DP support came in, this was another amazing trade. If you would like to see how this TS4 sell came in at a “larger degree” Wave (2) please see the Advanced Blog, where I take a more detailed look at this setup.

I know that some of you don’t trade the Dax, so in the next post I will take a look at the 3min ES (using 24hr data) to see what unfolded at the same time as this Dax sell setup

Thanks, Steve

A quiet day – the time to go Advanced

Hi Everybody,

We have had a couple of quiet days on the US e-minis for the automatic setups. But that is OK. So now is a great time for me to remind you all that you all have some brilliant tools already in the software that you can make use of. For this please take a look at today’s Advanced Post on the 5min YM – here MTP nailed the very high of the day for you !!

There are too many people who simply rely on the Automatic signals, without taking the time, and making the effort, to learn how to use these more Advanced techniques. When you do, you will be amazed at what additional trade opportunities you can uncover !

Thanks, Steve