5min YM – TS1 sell

Hi Everybody,

Wow, what a brilliant day on Friday. In fact there were so many good setups on the US e-minis on Friday that I don’t have time or space to look at them all here, so I will focus on just one, a TS1 sell on the 5min YM.

If you look at the chart, you can see how the 5min YM gave a nice TYS1 sell at 11:05EST on Friday. You should all have been ready for this one as it was almost identical to the TS1 sell I outlined in great detail just a few days ago on the ES.

The YM started to decline nicely, exceeding the STF strength band, so the standard trade management guidelines say to swap to the ATRStop. This would have held you short as the decline continued.

BUT in this post I would like to show you how you could have come out at the low of the day for a nice +8.9R Profit (ignoring slippage and commission). For this lets look to the next post for why you would have protected profits at the low....

Thanks Steve

3min NQ - VSA setup

OK, here is one for the Advanced Traders among you

At 11:45 EST the 3min NQ made a high volume reversal (VSA) signal. The Advanced Traders among you would have spotted that the NQ was both at DP support and on Stochastic divergence. Both signs for a potential low. All that was needed was a blue, buy, reversal bar. This unfolded the very next bar.

This nailed the low. The 3min NQ then rallied in a Elliott Wave 1,2,3 wave pattern, so tightening stops as the Typical Wave 3 WPT was reached would have been a good idea...........

As you can see, even in a quiet day, there are normally setups for the more experienced and Advanced Traders among you, those of you who have spent the time to learn and study the MTPredictor trading course....

Thanks, Steve

3min ES

Hi Everybody,

After a couple of brilliant (and very profitable) days it was no surprise to have a quieter day on the 3min ES. As you can see from the chart there was little going on. This is where the patience and discipline is required.

Having said that, the DP’s did nail most of the main turns during the day for you

Thanks

Steve

One for the European Traders....

Hi Everybody,

Here is a great trade on the FTSE 3min, to show that the European Traders among you are also having some nice trades....

A standard TS3 buy setups, that went to the first profit target. As the STF was weak, the WPT target was used (standard trade management guidelines). This resulted in a nice +7R Profit (ignoring slippage and commission).

All in all a perfect and completely standard trade setup

Thanks

Steve

3min YM Part 3

OK, now let’s take a look at the DP sell at 13:45EST. As you can see this was also a very good looking 5 wave sequence, with the high unfolding at the Typical Wave 5 WPT. As such this made the DP sell a good one to consider, so time to stop and reverse again.....

This turned out to be the high of the day (!), with the YM declining nicely into the opposing DP target for a nice +4.6R Profit (ignoring slippage and commission)

What a day, 4 automatic trades, -1R, +3.6R,+3.6R and +4.6R for a +10R (approx) day overall............

As we have seen, not all days are as good as this, but as we have been following the cyclical nature of trading, day by day, can you all how see how a good run of days, was then followed by some harder days, where some small losses unfolded, which was then followed by some massive profits again. This is how trading unfolds in the real world. Do not expect to make profits every day, have the patience discipline and knowledge to expect good times, then harder and quieter times before the good times come round again.....

Steve

3min YM Part 2

OK, now you are long off the TS2 buy at 12:54EST................ The YM rallies nicely bit then a DP sell unfolds at 13:45EST. As you all know, I don’t like DP’s unless they are at larger degree support/resistance or they are at the end of a good looking Wave 5.

Well, as we will see in the next post, this DP sell was also a perfect Wave 5 high, so time to stop and reverse again, banking another nice +3.6R Profit (ignoring slippage and commission)

Steve

3min YM Part 1

Hi Everybody.

Wow, isn’t the cyclical nature of trading absolutely amazing. After a few hard days we have now had another brilliant day on the US e-minis. Today I would like to take a look at just one market – the 3min YM as it gave us some amazing setups yesterday.

Let’s start with a TS4 sell, that gave a -1R loss at 12:09EST (yes losses can and do happen, but the trick is keeping them small). This was followed by another TS4 sell at 12:24EST. This one declined nicely until a TS2 buy unfolded at 12:54EST, so time to “stop and reverse”. This banked a nice +3.6R Profit (ignoring slippage and commission).

So far so good............

Steve