A Brilliant start in Europe

Hi Everybody,

The European Traders have had a brilliant start to the new decade with this TS3 buy on the 3mion FTSE.

We have just reached the first projected profit target (+7.2R Profit), but as the STF is strong Standard Traders would have swapped to using the ATRStop for trade management.

With the profit at over +7R (Ignoring slippage and commission), this is a brilliant trade, and a great start to the new year :)

Thanks, Steve

Now for the Advanced stuff

OK, the post below, looked at using the Standard Trade Management guidelines. But what if you are an Advanced Trader ?

Well, the Advanced traders among you will have used the Elliott Waves nodule and spotted that the low of the day was at the Typical Wave 3 WPT, using the Major degree. Knowing this, you would have wanted to lock in the +6R Profit (ignoring slippage and commission) at this level.

This shows how powerful the tools are that come with MTPredictor, nailing the low of the day like this was amazing :)

Thanks, Steve

15min YM Chart

Hi Everybody,

I know most of the time, we only look at the 15min Chart for the “trend direction” and then trade on the 3 and 5min Charts. But when the volume is low, for example over Christmas, we can get some very nice trades on the 15min Charts themselves.

For example, this lovely ABC correction on the 15min YM Chart for a TS4 sell.

Using the Standard Trade Management Guidelines, meant swapping to the ATRStop as the STF Strength band was exceeded as the first target was met. So this trade is still open and currently sitting on a nice +4.9R Profit (ignoring slippage and commission)....

Thanks, Steve

Happy New Year,

Hi Everybody,

I hope you all had a good rest over the Christmas and New Year holidays, and as such are all well rested and ready to get back to what the markets will give us this year ?

So with that in mind, let’s get back and take a look at the markets....

Thanks

Steve

Merry Christmas and Happy New Year

I just want to wish all MTPredictor users and friends of MTPredictor a very Merry Christmas and Happy New Year. I hope you can spend time with friends and family over the holiday season.....

This last year has been very good for MTPredictor as we continue to grow as a company, and that is thanks to you, our customers, so I would also like to express my thanks to all MTPredictor customers, who all help and support us and allow us to continually bring new and better versions of the MTPredictor software, so Thank You !

This last year we have been very busy, mainly with the release of the brand new MTPredictor v6.5 that has Real-Time capabilities. The new Blog has also been well received as it helps customers on a daily basis with many of the trading related questions that come from day to day. This Blog is a free service that is all part of the on-going and industry leading support we offer all our customers here at MTPredictor. I would also like to remind you all of the new 1-2-1 Training Service, with our new personal trainer Michael Black.

Lastly, MTPredictor would not be as good as it is without the team members, so I would also like to say a big Thank You to Tony on Sales and Marketing, Bruce on Support, Michael on personal training and Paul our programmer, all who have worked very very hard over the last year to help give all our customers the best support in the Industry.

So thanks you to all and a BIG Merry Christmas and Happy New Year

Steve Griffiths
Director and developer of MTPredictor.....

Now for the Advanced Traders...

OK, Now for a look at another trade the more Advanced Traders among you could have uncovered.

As we have already seen, the larger degree trend turned form down to up around midday, at that time a nice TS3 buy came in on the 3min NQ. This was backed by a high volume (VSA) spike as well.

Then NQ, then rallied, but rallied in a 5-wave sequence. Profits were protected as the Wave 5 high was coming in for a nice +4R Profit (ignoring slippage and commission).

As you can, see MTPredictor did a brilliant job yesterday, from controlling losses on the YM, to finding easy trades on the TF and now nailing a brilliant advanced trade on the NQ :)

Thanks, Steve

Now the easy one..................

OK, we have already seem that the YM was a hard day, BUT just look at the 3min Russell Index (TF), one trade, and one profit for a massive +5.7R Profit (ignoring slippage and commission).

So even though some markets were hard yesterday some were amazing easy, with a clear, clean and good-looking TS3 sell that returned a massive profit................ nice :-)

Thanks, Steve