Another good day......

Hi Everybody,

Friday was a another good day for the US e-minis, with a nice TS2 sell early in the day on the 3min ES. The ES declined nicely to reach the first projected profit target, where Profit was taken, as the STF was weak. This resulted in a nice +3.5R Profit (ignoring slippage and commission).

AS the STF was read at the time of the sell, this was a nice straightforward trade at all MTPredictor users should have nailed.

The TS4 buy later in the day was “against” a red STF so should have been avoided.

I just wish that all days were as straight forward was this !

Thanks, Steve

3min ES Part 2

Here is a chart of the second TS4 sell that I talked about in the post before. As you can see, a nice +3.6R Profit (ignoring slippage and commission)

Thanks, Steve

3min ES

Hi Everybody,

After a few quiet days, we came back to a good day on the US e-minis yesterday. This is just the “Cyclical Nature of Trading”, that you all should know very well by now !

So let’s take a look at the 3min ES, which started with a sell early in the day, but this was “not valid” as it was against a blue STF (up trend). Then the ES decline into a TS4 buy, that was valid............. The ES then rallied into a TS3 Sell which was also valid (Black STF), this was a case for a “stop and reverse”, banking a small +0.9R Profit (ignoring slippage and commission) along the way.

Then we have two “history triangles”, but only one -1R loss (as they were a “double top”). Sp here you were +0.9r up and -1R down, so very pretty much break-even, when a nice TS4 sell came in. This nailed the high before the markets started a sharp decline.

The result of this last sell was a nice +3.6R Profit (ignoring slippage and commission), making the day a good one overall..............

Thanks, Steve

The true power of MTPredictor

Hi Everybody,

As the US markets were quiet again yesterday, I would just like to show you a trade I was following yesterday on the 3min DAX. This shows you the true power of MTPredictor and what the tools in the software are capable of.............. When I see markets unfolding like this, I am still truly amazed !

Here we had a perfect High Volume (VSA) spike at DP support, that nailed the low perfectly. Then the Dax rallied into the higher DP, but look at how thew rally unfolded, a perfect minor 5 wavers, with the high right at the Typical Wave 5 WPT ! When markets unfold like this, it amazes me and show hwo good the tools in MTPredictor really are !

The result, a lovely +6R Profit (ignoring slippage and commission).

This is what MTPredictor can do, and is why I spend so much time trying to get you all to make the transition to an Advanced Trader, as there is so so much more that MTPredictor can offer you......................

Thanks, Steve

A quiet day

Hi Everybody,

Standard traders on the US e-minis had a quiet day yesterday. As you can see from the 3min ES chart there was very little action yesterday.

As you all know, this is just part of the “Cyclical Nature of Trading”, where we get quiet times as well as losing trades as well as the good time, when the profits arrive. This is just the natural way market unfold. So it is something all professional traders accept and learn to deal with

Thanks, Steve

However, there was a nice “gap open” play for the Advanced Traders among you

Political uncertainty leads to MTP Profits

Hi Everybody,

Here is a great reason why I don’t take any notice of the news. Here in the UK, here is great political uncertainty with talks of collations. But, while all this uncertainty goes on MTP nailed a perfect TS3 sell on the 3min FTSE.

With the decline into the first projected profit target, MTP users had a lovely +5.5R Profit (ignoring slippage and commission).....

So while the “City” is uncertain about what may happen in Government, MTPredictor users are quietly amassing yet more profits – lovely !

Thanks, Steve

Why you need to follow more than 1 market

OK, now let’s move onto the 3min YM, where we started with the same -1R losses early in the day. Yes, losses can and do happen, it is just important that they are kept small at just -1R.

But then we got a DP buy early afternoon, that made +0.9R Profit, then (and this is the one I would like to look at), the TS3 sell at 15:00EST reached the minor DP support (from the minor wave b low). And you should know from reading the Trading Course, that this is the first “minor” support zone following a Wave C high or low. So (as we were expecting a hard day), a further +2.1R Profit was available here.

So, as you can see, this would have made the YM Profitable overall, whereas the ES was not. This is why you must follow more than just 1 e-mini as you will get differ trades as the patterns on each e-minis will be different throughout the day.

Thanks, Steve