DP sell nails the high of the day !

As an Advanced Trader, I always like to look at Advanced trades as well, because that is where the true power of the software is and to be honest I still find it amazing how good MTPredictor can be at times, so wouldn’t it have been nice to be able to catch the high of the day as well !

Well, as you can see, we did have a DP sell at the high of the day. What I like about this was that although the STF was red it was on stochastic divergence and also on a high volume (VSA) bar. The only thing that I also look for is “larger degree support or resistance”, so let’s take a look in the Advanced Blog for this.

As you can see, the YM decline nicely off this high for a possible +5.7R Profit (ignoring slippage and commission) as the TS4 buy came in......

So here we are with MTPredictor nailing both the high and low of the day for you – now I find that absolutely amazing !!

Thanks, Steve

TS4 buy nails the low of the day !

Hi Everybody.

What an amazing day on the YM yesterday !!

I will start by looking at the TS4 buy setups, as that was completely standard, as it was on a blue STF. The only question was when the TS2 sell arrive a little while later, but as the STF was still blue at this time, this should have been ignored. As such, the TS4 long should have been held into the close for a very nice +3.8R Profit (ignoring slippage and commission).....

Plus (for the Advanced users among you), this TS4 buy was also on a lovely high volume (VSA) spike as well ................

What a lovely trade...........

Thanks, Steve

A good start for the European Traders...

Hi Everybody,

The European Traders among you had a very good start to the week, with a very nice TS3 buy setup on the 3min Dax just this morning.....

As you can see, this was a completely standard TS3 buy setup as it was on a blue STF. Profit were taken at the first target as the STF was weak, all for a very good +5.9R Profit (ignoring slippage and commission.

What a great start to the week !

Thanks, Steve

Don’t forget the 5min Charts

Hi Everybody,

I have mentioned this before, but please do not forget the 5min Charts, as they very often have some lovely setups. Here is a great example from Friday on the 5min NQ chart, where a TS4 sell gave us a very nice +3.3R Profit (ignoring slippage and commission).

As you can see, the first projected profits target nailed the very low of the day, so was the perfect place to look to bank profits.

It is all too easy to look for shorter and shorter time frames and forget that that slightly longer (5min) charts very often give us smoother swings and as such very nice setups.

Thanks, Steve

A good day for the US e-minis - Part 2

But it was when this DP buy came in later in the day on the 3min NQ, which added a nice +2.6R Profit (ignoring slippage and commission), that the day started to look good.

Again, this DP buy was a standard setup as it unfolded on a black STF (Dec contract, with eSignal data), and the hit the initial target with a weak STF.

Thanks, Steve

A good day for the US e-minis - Part 1

Hi Everybody,

After a quiet day on Wednesday, yesterday was a good day. Let’s start by looking at the 3min YM. But first, I hope you all remembered to move forward to the Dec contracts yesterday, as they are now the “front month”.

On the 3min YM, you had to wait until late in the day for the TS2 sell, that gave you the best profit of the day. This was a standard setup, on a red STF. Although the Profit was small at +2.4R (ignoring slippage and commission), it more than made up for the -1R loss earlier in the day.

Thanks, Steve

+9R Profit on the DAX

Hi Everybody,

Just because the US e-minis have been quiet, it does not mean that all markets have been. Here is a brilliant long trade off an automatic DP buy that has just made +9R Profit on the 3min Dax just this morning !

As you can see, first we had a -1R loss. But (as usual) this loss was kept small and under control, then the automatic DP had you long from the low, after which a strong rally unfolded. As the first target was reached, the STF was strong, so standard traders would have swapped to the ATRStop. This held you long as the Dax continued to rally.....

The result was a massive +9.2R Profit (ignoring slippage and commission).........

Amazing – and all from a standard and automatic setup !!