OK, as we say in the last post the Advanced Traders could have used a “manual” Elliott Wave count to hep their analysis, but was anything else possible ?
Well, I have talked about pyramiding a week or so ago, but yesterday was another opportunity, as the EW pattern as so clean to add additional short positions as the Wave [2] ABC high was ending. Remember if you are considering pyramiding then stops on all current open positions should be at break-even, so you don’t increase your initial risk.
This would have added +3.5R Profit (ignoring slippage and commission) making this a + 7.5R day on the NQ
I hope you are all starting to see how powerful MTPredictor is once you have taken the time to learn the more advanced capabilities of the software...........
Thanks, Steve
Well, I have talked about pyramiding a week or so ago, but yesterday was another opportunity, as the EW pattern as so clean to add additional short positions as the Wave [2] ABC high was ending. Remember if you are considering pyramiding then stops on all current open positions should be at break-even, so you don’t increase your initial risk.
This would have added +3.5R Profit (ignoring slippage and commission) making this a + 7.5R day on the NQ
I hope you are all starting to see how powerful MTPredictor is once you have taken the time to learn the more advanced capabilities of the software...........
Thanks, Steve
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