Does Elliott Wave work ?

Hi Everybody

In my last post I asked the question – Does Elliott Wave work ?

Well here is another example that just unfolded this morning on a 3min Chart of the FTSE (for the European Traders among you). Notice how the high was right at our Typical Wave 5 WPT for the completion of a text book Wave 5 rally (as found by our Elliott Wave module). The Target was then the DP from the prior Wave 4 low. As you can see, this trade unfolded perfectly

The result was at a Profit of approx. +4.7R (ignoring slippage and commission) as the FTSE declined into the target.

So for me, when I see such text book example unfolding day after day, I have to say YES, Elliott wave does work – BUT only when used correctly and that is with my unique isolation approach……

Thanks, Steve
_______________________________
Steve Griffiths
MTPredictor Ltd.
Website: www.mtpredictor.com

Does Elliott Wave work ?

Hi Everybody,

In today's post I would like to ask the question - does Elliott Wave work ?

Well if you look at the video below, then I think we will all have to say YES.

http://www.mtpredictor.com/Videos/EW-5/EW-5.html

But, there is an import PS to add, it only works when used in "isolation". This is my "unique" view on how to use Elliott Wave for identifying trade setups and not trying to use it to predict the future. There is a big difference.

Thanks, Steve

Happy New Year.......................

Hi Everybody,

First I would like to wish you all a very happy New Year………..

In today’s video I would like to look at Risk/Reward and how correct Position Sizing will help you keep your losses small and maximise your Profits

http://www.mtpredictor.com/Videos/2011-Jan4/2011-Jan4.html  

I would also like to remind all current customers that we will be in the Trading Room on Wednesday as we start this year’s webinars…..

Thanks, Steve

Merry Christmas

Hi Everybody,

I would like to wish you all a very Merry Christmas………………. As we leave this year and move into next year I would like to leave you all with my last video of the year showing my favourite “Holy Grail” trade that unfolded on the 3min YM from yesterday…………… This setup showcases all what is so good about MTPredictor and how powerful the tools in the software are…………..

http://www.mtpredictor.com/Videos/2010-Dec24(2)/2010-Dec24(2).html  


Again, may I wish you all a very Merry Christmas and a Happy New Year.

Steve

Yesterday on the US e-minis

Hi Everybody,


Here is a video rouding up yesterdays session on the US e-minis, including how MTPredictor nailed both the high and low of the day !

http://www.mtpredictor.com/Videos/2010-Dec21/2010-Dec21.html

Thanks, Steve

+10R Profit on the Russell

Hi Everybody,

Here is a video rouding up yesterdays session on the US e-minis, including an absolutly amazing +10R Profit on the 3min Russell Index (ignoring slippage and commissison)

http://www.mtpredictor.com/Videos/2010-Dec16/2010-Dec16.html

Thanks, Steve

A good day overall

Hi Everybody,

Here is the video review of the US e-minis for the last few days

http://www.mtpredictor.com/Videos/2010-Dec14/2010-Dec14.html

As you will see, lots was happening, including some lovely Advanced Trades....

Thanks

Steve