As you all know, I do try and encourage you all to works and learn how to identify more advanced setups. Well, Friday was a good example of this, because on just the standard and automatic setups on the 3min you would have had two setups that you would have avoided, so a quiet day. BUT once you learn more advanced techniques, additional; trades become available to you.
If you look at the chart, the 3min NQ made a “minor ABC low with a reversal at the minimum Wave C WP and DP support. All of this on a high volume (VSA) bar. This nailed the low of the day for you !
The NQ then rallied into the opposing DP, when another high volume (VSA) bar unfolded. +4.6R Profit was available (ignoring slippage and commission) at this level.
As you can see, MTPredictor has the tools available for you to uncover some great trades, all you need is to take the time and make the effort to learn how to use them......
Thanks, Steve
If you look at the chart, the 3min NQ made a “minor ABC low with a reversal at the minimum Wave C WP and DP support. All of this on a high volume (VSA) bar. This nailed the low of the day for you !
The NQ then rallied into the opposing DP, when another high volume (VSA) bar unfolded. +4.6R Profit was available (ignoring slippage and commission) at this level.
As you can see, MTPredictor has the tools available for you to uncover some great trades, all you need is to take the time and make the effort to learn how to use them......
Thanks, Steve
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