Hi Everybody,
I still find it amazing when a market unfolds in an absolutely perfect Elliott Wave pattern. Here (on the 3min ES) we had a 5 wave decline (with the low right at the minimum Wave 5 WPT), which was followed by a rally into the DP (form the prior Wave 4 high) that sub divided into a lesser degree abc, with the high right at the minimum Wave C WPT. This is absolutely perfect, and exactly how it is outlined the Trading Course.........
So when you get a perfect pattern like this, you can’t avoid taking the trade.
The result, a nice +3.2R Profit (ignoring slippage and commission) as the ES declined to new lows and then reversed right at the DP support zone.
Yes, this is for Advanced Traders, but when we get patterns as perfect as this, it makes sense to do your homework, study the course so you are ready for days like this. Seriously, it will be worth it, as we have seen the Advanced Trader could have had an extra +5R (+2R on the last post and +3R here) Profit yesterday, so it makes sense to take the time and do the work that is required to become good at this.
But again, do you all see how the tools and modules in MTPredictor v6.0 helped you uncover these patterns with the Elliott Wave and manual DP modules. The tools are in the software, you just have to learn how to use them :-)
Thanks, Steve
I still find it amazing when a market unfolds in an absolutely perfect Elliott Wave pattern. Here (on the 3min ES) we had a 5 wave decline (with the low right at the minimum Wave 5 WPT), which was followed by a rally into the DP (form the prior Wave 4 high) that sub divided into a lesser degree abc, with the high right at the minimum Wave C WPT. This is absolutely perfect, and exactly how it is outlined the Trading Course.........
So when you get a perfect pattern like this, you can’t avoid taking the trade.
The result, a nice +3.2R Profit (ignoring slippage and commission) as the ES declined to new lows and then reversed right at the DP support zone.
Yes, this is for Advanced Traders, but when we get patterns as perfect as this, it makes sense to do your homework, study the course so you are ready for days like this. Seriously, it will be worth it, as we have seen the Advanced Trader could have had an extra +5R (+2R on the last post and +3R here) Profit yesterday, so it makes sense to take the time and do the work that is required to become good at this.
But again, do you all see how the tools and modules in MTPredictor v6.0 helped you uncover these patterns with the Elliott Wave and manual DP modules. The tools are in the software, you just have to learn how to use them :-)
Thanks, Steve
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