Tuesday, 30 June 2009

VSA – High Volume Spikes


Hi Everybody

I just wanted to remind you that MTPredictor is not just automatic setups based on the TS1,2,3 and 4 routines. For those of you who study the Trading Course will know that we teach other setups, for example a very nice High Volume Spike (VSA) setup that when combined with a reversal at DP support or resistance can highlight very nice trades for you.

A great example has just unfolded on the 3min DAX, as you can see this nailed the high perfectly, before a sharp fall right into the lower DP support zone where +3.9R Profit was available (ignoring slippage and commission).

As you can see, for the experienced and Advanced Trader, MTPredictor has to tools to identify some very nice tradable opportunities.......

Thanks, Steve