3min ES, Part 2

Here is the same setup, but this time using the tools that are in the MTP RT add-ons for NinjaTrader 7.

As you can see, the ABC low was automatically found using the new Elliott Wave module in Ninja 7. Then we use the DP (from the last high) for the “initial target”, and place the Risk/Reward analysis on the chart. And there you go, the same setup as we had in MTP v6.5......

As a PS, if you go down to the 2min chart, then it was found as a TS3 buy automatically on both MTP v6,5 and in Ninja 7.

Thanks Steve

PS, turn to the Advanced Blog for more Advanced Analysis

3min ES

Hi Everybody,

The example today shows how in MTPredictor v6.5, we show signals where the “entry bar” can unfold up to 5 bars “after” the turn (high or low). We do not do this in the MTP RT add-ons for NinjaTrader. So, yes, this is one of the few (less than 5%) of the times when you can get a different signal in MTP v6.5 when compared to the RT add-ons. It could have been found in the RT add-ons, and I will show you how in the next post.

But for now, this was a small Profit or +2.3R (ignoring slippage and commission) as the ES rallied into the first projected Profit target.

Thanks

Steve

History Signals Part 2

As we have seen in the post below, we had a History Triangle on the 3min FTSE at 05:03EST, but the question is whether the history triangle that you see on the chart represents a -1R loss ?

Well, as always, I said to put the Analysis on the setups and then see where the Stop levels fall. In this example you can see that although the FTSE did rally back “up to” the stop level, it did not breach it, therefore only making a “double top”. In other words, the short trade was not stopped out. So no -1R loss.

In fact the TS3 short went on to make a nice +4.4R Profit (ignoring slippage and commission), as the FTSE continued its decline.

So the bottom line is that even when you see a History Triangle, you should always place the Analysis on the chart, only then can you see how the trade actually unfolded.

Thanks, Steve

History Signals

Hi Everybody,

This is a question I get asked a lot, and it is whether the “history triangles” all just represent a -1R loss ?

Well, no, I suggest that you all take a look at this help video:
http://www.mtpredictor.com/help/videos/65-history2/65-history2.html

This applies the same whether you are using MTPredictor v6.5 or the new RT add-ons for NinjaTrader 7

Let’s take a look at this FTSE example in the next post

Thanks, Steve

What a brilliant day !

Hi Everybody,

What a brilliant day yesterday, and a perfect example of why you all need to understand the Cyclical Nature of Trading. After a few harder days (where we had a number of losses but the profits were large to made us small profits overall), along comes some brilliant setups yesterday.

Today I would like to look at the 3min NQ, using the new MTP RT add-ons for NinjaTrader7, starting with the perfect TS3 sell around mid morning. As you can see, the NQ declined to the first projected profit target nicely, where +4.3R Profit (ignoring slippage and commission) was available.

What a brilliant trade, but the day did not stop there, so skip over to the Advanced Blog, where things then get really amazing !

Thanks, Steve

A perfect trade !

Hi Everybody,

Although the US e-minis have been having a slightly tricky time over the last few days, the European Traders among you have been having a ball. Just look at this TS1 short trade from just this morning. This nailed a high just before the Dax collapsed !

As the STF was strong as the first profit target was reached, the trade management swapped to the ATRStop. This held the short trade as the Dax continued to decline, the end result was a massive +11R Profit (ignoring slippage and commission)

Absolutely amazing !!

Steve

PS, this was found using the new MTP RT add-ons for NinjaTrader 7

Position sizing – again !

Hi Everybody.

I hope you all carefully read yesterdays post, so first I have to ask – what did you all learn ?

I hope it was that it is the “size” of your Profits” that is important, and “not” the number. We had a Guy call in yesterday who simply could not understand that you don’t have to have a high number of winners to be profitable overall. So it was good that yesterday we had another good example, again on the 3min YM.

Here we had two losing short trades (-1R each), but it was then followed by a +4.6R Profit (ignoring slippage and commission) on the TS4 buy later in the day. Meaning only 33% winners (1 out of 3) BUT (and this is the important point), because the Profit was much larger than the losses, money was made overall.................

I still find it amazing (and sad at the same time) that so many amateurs simply cannot understand that being successful in this business in NOT about a high % if winners. Having a high % of winners over time is hard, but it is not necessary to be successful

Thanks, and I do really hope that people start to understand this, Steve