Video Diary for Nov 4

Hi Everybody,

Please click on the lick below to see my Video Diary for the US e-minis for yesterday:

http://www.mtpredictor.com/Videos/2010-Nov4/2010-Nov4.html

Thanks, Steve

Video Diary for Nov 3

Hi Everybody,

I am looking at including some Video Diaries on the blog, and I would like to hear what you think. So please click on the lick below to see my Video Diary for the 3min NQ for yesterday:

http://www.mtpredictor.com/Videos/2010-Nov3/2010-Nov3.html

Thanks, Steve

Brilliant TS3 sell nails high !

Hi Everybody,

Yesterday was a brilliant example of what MTPredictor is all about, with a brilliant TS3 short trade on the 3min NQ yesterday. Yes we did have a small (-1R) loss first, but then the TS3 sell nailed the high with a TS3 sell at 11:54EST.

The NQ then decline beautifully to reach the first projected profit zone where Profits were taken as the STF was weak (standard trade management guidelines) for a lovely +6.5R Profit (ignoring slippage and commission). In fact this target zone nailed the low of the day and as such was the perfect place to bank Profits – this is the power of MTPredictor !

But seriously, this does how the US e-minis do give us lovely (and very profitable) trades day after day, and MTPredictor does its job (day after day) to highlight and alert you to them........

Thanks, Steve

TS3 buy on the Russell Index

As I suggested in my last post, just as the YM was making a -1R loss, the Russell Index gave us a nice TS3 buy setup. This is where Amateurs (who get frustrated at losses) would have missed this long trade. Which is why many Amateurs never make it as professional as they get too emotionally involved with the markets. This is sad, as this means they miss out on great trades and never make a success of trading.

As we can see, this TS3 long when onto make a very nice +3.3R Profit (ignoring slippage and commission). In fact, profits were taken as the high of the day came in – Amazing !!

As a PS for the Advanced Traders among you, please go over to the Advanced Blog to see how a “stop and reverse” at this high would have added another great profit to the day.......

Thanks, Steve

A good day..............

Hi Everybody,

Good to be back and I see that we had some good trades while I was away. Looking over Friday, I see that if you were careful and logical you should have had a god day. Let’s start by looking at the 3min YM to show you what I mean.

Here, the first TS4 buy would have probably been stopped out for break-even. Then comes the frustrating bit, where the TS3 buy at 11:36EST was stopped out for a -1R loss by just 1 tick. This is when Amateur traders fall down as they would have got frustrated and then would have missed the TS3 buy on the Russell Index that unfolded just after this. I will take a look at this in my next post.

Thanks, Steve

Steve is on Vacation

Hi Everybody,

Just to let you all know that I am away on vacation this week, so there will be no posts until next week (Nov 1). I hope the markets are good to you all while I am away !

Thanks

Steve

TS4 buy nails low on the YM !

There were no such questions on the 5min YM, where we had a lovely TS4 buy setup that nailed the low of the day for you !!

As you can see, the YM rallied nicely off the low. Although the market did not have time to reach the first target, there was a nice +2.2R Profit (ignoring slippage and commission) available on the close.

Thanks, Steve