OK, I hope you have all been paying attention to my “Advanced Analysis” posts recently, because there was yet another perfect example of my favourite trade that I call the Holy Grail of trades.................. Where we use the tools in MTPredictor to nail the very end of the Wave (2) correction, to then be able to trade the Wave (3) swing.............
As we all know, Wave (3) in Elliott Wave terms is the strongest and longest swing so carries the highest profit potential. Therefore, this is the best possible trade you can have as it carries the largest profit potential for the smallest initial risk....
If you look at the chart, we already knew that the larger degree trend was up, so when the 3min YM made a 5 wave rally (Wave 1), we knew to look for a abc correction (Wave 2). As you can see, the tools in MTPredictor nailed these swings for us. The target was the Typical Wave 3 WPT. This was duly reached later in the day for a brilliant +7.8R Profit (ignoring slippage and commission)......................
Amazing..... and all nailed by the tools in MTPredictor !
Thanks, Steve
As we all know, Wave (3) in Elliott Wave terms is the strongest and longest swing so carries the highest profit potential. Therefore, this is the best possible trade you can have as it carries the largest profit potential for the smallest initial risk....
If you look at the chart, we already knew that the larger degree trend was up, so when the 3min YM made a 5 wave rally (Wave 1), we knew to look for a abc correction (Wave 2). As you can see, the tools in MTPredictor nailed these swings for us. The target was the Typical Wave 3 WPT. This was duly reached later in the day for a brilliant +7.8R Profit (ignoring slippage and commission)......................
Amazing..... and all nailed by the tools in MTPredictor !
Thanks, Steve
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