3min FTSE short

Hi Everybody,

A nice TS3 sell this morning on the 3min FTSE that netted +3.2R Profit (ignoring slippage and commission).

Nice to see the European traders among you getting in on the act as well :)

Thanks

Steve

15min Trend up, so looking for Buys

OK, now we know that the 15min trend was up we should have been looking for buy setups, and that is exactly what we got on the 3min YM chart.

The YM then rallied nicely to reach the first projected profit target later in the day. Profit was taken here as the STF was weak, as per the standard trade management guidelines. The result was a very nice +6.4R Profit (ignoring slippage and commission)

A beautiful example of a standard and automatic MTPredictor trade :)

Steve

Larger degree trend on the 15min Chart

Hi Everybody,

As usual, let’s start by looking at the larger degree trend on the 15min chart. As you can see, the 15min YM was clearly up throughout yesterday so we should have been on the lookout for long trades.......

So now let’s move down to the 3 and 5min Charts to see what setups there were

Steve

The end result

WOW, what a brilliant trade....................... as you can see, the DAX c9ontinued to rally strongly. Trade management was using the ATRStop, which resulted in a massive +8.4R Profit (ignoring slippage and commission)

A brilliant example of what is possible with the tools in MTPredictor :)

Steve

The trade entry

OK, now we have seen how the 15min FTSE was making a low at 15min DP support, so where was the trade entry.

Well, just lok at the 3min DAX chart, where you can see how the Dax was making a high vol (VSA) bar right at DP support. This combined with the “larger degree” support on the 15min FTSE gave the perfect long trade entry.

Amazing !

Thanks

Steve

FTSE – follow up

And here the amazing part, just look what the FTSE has done since my last post earlier this morning ............

See how the DP nailed the low perfectly ! and the FTSE has rallied strongly since............ This is the power of MTPredictor :)

Thanks

Steve

15min DP sell on the FTSE

It was the Martin Luther King holiday in the USA yesterday, so US markets were quiet, so let’s take a look at what has been happening in Europe. For example, a lovely DP sell on a 15min FTSE Chart

Notice how there was a -1R loss first, but this loss was kept small and under control. Then the second triangle was invalidate before it was filled, so no trade, then the DP sell that nailed the very bar of the high.

We have dropped straight through the initial DP target and are now at the lower DP target where +7.8R Profit (ignoring slippage and commission) is currently available.

Thanks, Steve