OK, the post below, looked at using the Standard Trade Management guidelines. But what if you are an Advanced Trader ?
Well, the Advanced traders among you will have used the Elliott Waves nodule and spotted that the low of the day was at the Typical Wave 3 WPT, using the Major degree. Knowing this, you would have wanted to lock in the +6R Profit (ignoring slippage and commission) at this level.
This shows how powerful the tools are that come with MTPredictor, nailing the low of the day like this was amazing :)
Thanks, Steve
Well, the Advanced traders among you will have used the Elliott Waves nodule and spotted that the low of the day was at the Typical Wave 3 WPT, using the Major degree. Knowing this, you would have wanted to lock in the +6R Profit (ignoring slippage and commission) at this level.
This shows how powerful the tools are that come with MTPredictor, nailing the low of the day like this was amazing :)
Thanks, Steve
Posts
