Manual DP trade on the FTSE

Hi Everybody,

Here is a great example of what the more advanced and experienced traders among you can achieve with the software.

Here the 3min FTSE made the low of the day at DP support. Trade entry was as the high of the blue (buy) reversal bar was exceeded. The FTSE then rallied nicely and the trade was managed using the ATRStop.

The Result was a very nice +5.9R Profit (ignoring slippage and commission), and shows you what you can achieve with the software once you move beyond just the standard and automatic routines. MTPredictor is so so much more !

Thanks, Steve

Cyclical Nature of Trading

Hi Everybody,

After such a good run of great profitable trades it was no surprise that we had a quieter day on Friday. In fact e have been over due for a quieter time for a few days now.... As you should all know, trading goes in cycles, where the good times (profitable trades) rotate round with quieter times and time when some small losses come round. This is just the natural way markets unfold in “real life”.

Well, now after a run of good days, we should anticipate a few harder days before the good trades come though again.

Being prepared for how markets unfold in real-life is essential if you are to become a successful professional trader....

Thanks, Steve

My favourite trade setup

OK, now we get onto what I consider my favourite trade setup, and one that is covered in the Trading Course and one that I talk about a lot. Please take a look at the chart.

Step 1 – a Major low unfolded at DP support
Step2 – an “initial rally” off the low, this is Wave (1)
Step3 – we now look for the “initial correction” to unfolded as a lesser degree abc, this is the Wave (2) low
Step4 - we then target the Typical Wave (3) for a strong rally

As you can see, this is EXACTLY what unfolded yesterday on the 3min ES. So I have a question for you all, how many of you saw this and as such took this trade yesterday ? Please email in to me to let me know...

The result as a very nice +4.9R Profit (ignoring slippage and commission)

Thanks, Steve

high volume (VSA) spike

OK, before we get onto the mail setup yesterday, there was a brilliant high volume (VSA) spike buy that nailed the very low of the day on the 3min ES.

As you can see, this was a classic and perfect example of our VSA setup, where we had support at the DP, then got the high volume (VSA) signal on the volume with a blue (buy) bar nailing the low....

This nailed the very low of the day for you – amazing !

Thanks, Steve

As usual – larger degree trend first

Hi Everybody,

I am very excited about today’s posts as we will all see my favourite setup later. But first, let’s take a look at the 15min Chart.

As you can see, the day started with a 15min Down trend, until the 15min ES reached the DP level, where the market stopped and reversed perfectly. In fact we had an automatic DP buy at that low. So this then turned the trend to up for the rest of the day.

Amazing how well these DP’s levels work :)

Thanks, Steve

DAX +7R profit !

Hi Everybody,

Nice to see the European Traders among you having a great day so far. As you can see the DAX gave us a nice TS1 sell earlier this morning that would have had you short, just before the DAX declined sharply.

With the STF strong, the ATRStop would have been used for standard trade management for a nice +7R Profit (ignoring slippage and commission)

A nice standard trade using the automatic setups and standard trade management guidelines

Thanks, Steve

Small loses and Big Profits

Hi Everybody,

As I suspected, yesterdays was a lot harder than the last few days. But then a hard day was only to be expected, as I outlined a few days ago in my post on the Cyclical Nature of Trading. But today I would like to look at why it is so important to keep your losses small .

The 3min YM was a good example of this, as there were profitable trades as well as losses (small triangles) yesterday. But I just wanted to remind you all that the trick is keeping the losses small. Even with two losses, at -1R each, were more than made up for by just one profit later in the day at +3R (ignoring slippage and commission).

This is the trick to successful trading and the real Holy Grail, it is not about being right, or being able to predict the future, it is all about risk control and keeping your losses small. Amateur traders never seem to fully understand this. But you have to know and then accept this if you are ever to make the step to a successful and professional trader....

Thanks, Steve