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

The result - a massive +20R Profit !

Hi Everybody,

And here is the result - a massive +20R Profit (ignoring slippage and commission) !!!

Yes, this TS4 long trade turned an initial risk of just Eur 350 into a massive profit of approx Eur 7,000 !!!

What an amazing trade............... And all found and then managed using the Standard MTPredictor trade guidelines.

Thanks, Steve

Dax doing well this morning..

Hi Everybody,

A quick post on a lovely TS4 trade that is unfolding at the moment on the 3min Dax.............

Steve

BIG Profits and small losses....

Hi Everybody,

The 3min ES yesterday was a perfect example of how MTPredictor is designed to keep your losses small and yet allow you to have Big Profits. Here there were two automatic trade setup, the first was a loss, but (and this is the important part), the loss was kept small as just -1R, or 1 risk unit.

Then the TS 4 sell (which nailed the high of the day for you !) then had you short as the ES declined for the rest of the day. The result was a nice +5R Profit (ignoring slippage and commission) at the end of the day.

But do you all see the important point here, in that the profit was much much larger than the loss. BIG Profits and small losses, this is the key to successful trading..........
BTW, please see the Advanced Blog for a lovely "Gap Open" play on the NQ yesterday

Thanks, Steve

Gartley 222 pattern

Hi Everybody,

One user wrote in yesterday asking about the Gartley 222 pattern, and was surprised to hear that the TS1 setup that we have in MTPredictor can already find this setup. For those of you who don’t know, the Gaetley 222 is a pattern described on page 221 and 222 of a book written by .M. Gartley’s book, “Profits in the Stock Market”. Basically it is an abc correction that reverses at either a 61.8% or 78.6% retracement of the prior swing. This is very similar to the abc correction in an Elliott Wave (2) correction, as such we can find it in MTPredictor.

If you look at the chart, you can see a perfect example on the 5min ES from yesterday, where the TS1 sell (abc correction) unfolded right at a 61.8% retracement....

This is why MTPredictor is so powerful and is far more than just a bunch of automatic setups, if you all take the time to learn you will understand the setups and why they are so good........

Thanks, Steve

Beware the News........

Hi Everybody,

For those of you who have not been trading for very long, I would like to show you all what “typically” happens on days when there are big news announcements. Yesterday we can see how the markets just drifted sideways, while everybody was waiting for news to be released. Then as the news hit, the markets make sharp, quick and big swings. All of this is NOT the kind of market you want to be trading in...........

So the advice that all experienced traders will give you is to either avoid completely, or be very very careful, on days when a big news announcement is due.......

Days like this are risky and can lose lots of money for you, so be very careful on days like this........... Always take a note (in advance) of the days when announcements are due.

Thanks, Steve

The Cyclical Nature of Trading

Hi Everybody,

Yesterday was a quiet day on the US e-minis. But this is OK and just part of the cyclical nature that markets unfold. If you remember, we get quiet times as well as hard times (when small losses unfold) as well as the good times (when we get the good Profits). WE have had a number of good days recently, so a quiet day was only to be expected........

Having said that, when the automatic setups are quiet, the more experienced traders among you can use the additional tools in the software to uncover more “manual” trades. Please see today’s Advanced Blog for a good example.

Thanks, Steve