Nails the low of the day !

Hi Everybody,

OK, let’s take a look at the 3moin NQ again, but this time focus on the high volume (VSA) spike that unfolded at 11:21EST. AS we can see, this was at both DP and the Typical Wave C WPT, and as such was a good VSA setup.......

This nailed the low of the day for you ! The NQ then rallied nicely into the opposing DP for a nice +3.6R Profit (ignoring slippage and commission)

So here we are for the second day running that MTP has nailed with the exact high or low of the US e-minis for you –I find that absolutely amazing !

Thanks, Steve

DP’s nails high and low of the day !

Hi Everybody,

This is where the experienced and more Advanced Traders would have benefited above and beyond just the Standard Trader by using some of the more Advanced tools that are available in the software.....

As you can see, the DP nailed BOTH the high and the low of the day for you on the Russell – now I think that is pretty amazing !

Again, this is why I encourage you all to move beyond just the automatic setups and the more Advanced tools in the software are amazing, and will help you become a much better trader.......

Thanks, Steve

Nails the high - perfectly

Hi Everybody,

Yesterday was a brilliant example of how the markets unfold absolutely perfectly sometimes..... Amazing that I hear so many times that people think markets are different now, and this Elliott Wave stuff does not work. Well, they have not seen days like yesterday !!

We start with the high of the day unfolding right at the minimum Wave 5 WPT, and on a high volume (VSA) spike................. this was a perfect setup to go short.............. The sensible place to bank profits would have been at the lower DP for a very nice +5.5R Profit (excluding slippage and commission).

But the point is that we had a perfect 5 Wave advance, that allowed us to nail the very high of the day, now I find that amazing !

Thanks, Steve

PS, there was an even better set-up just after the Wave 5 high – I wonder if any of you caught it ?

How to trade against the STF trend

Hi Everybody,

As we have already seen the TS4 sell on the 3min NQ was “against” a blue STF, so was avoided by Standard Traders. BUT, as we saw yesterday, the 15min NQ had made a high at DP resistance so the 15min trend had turned down. Please remember than any oscillator will always be slow in changed after a trend change. That is why DP’s will always catch a trend change before the STF.

As such Advanced Traders would have ignored the STF and as such taken the TS4 sell. BUT, if you do this and are concerned that you are “against” the trend, be more cautious and protect yourself quicker by using the 100% initial risk guideline....

The result of this was a nice +2.5R Profit (ignoring slippage and commission). Which had the result of turning a -2R loss for Standard Traders into a small Profit (+0.5R) for the day. This is why learning the more Advanced Techniques is so important as without them you are missing out on so many great trade opportunities....

Thanks, Steve

Gap opening DP buy

Hi Everybody,

The 3min ES also had another example of the “Gap Open” DP play that I looked at in yesterdays posts.

As you can see, that could have added another +2R Profit (ignoring slippage and commission) to what was already a very profitable day on the US e-minis yesterday.....

Thanks, Steve

Larger degree trend (15min Charts)

Hi Everybody,

As you will have already seen, the 3min NQ had some good trades. BUT could the Advanced Trader done better ?

Yes, the standard guidelines suggest simply trading with the STF colour, but if you look at the 15min NQ chart you can see that it was declining off DP resistance later in the day. So the Advanced Trader could have avoided the buy ate in the day.

All part of gaining more experience and as such learning how to trade above and beyond the standard trade setups

Thanks, Steve

Gap Open DP sell

Hi Everybody,

Welcome to the first post on this new Advanced Blog, that will show how to use MTPredictor to the highest levels.

As you can see, the 3min ES gapped up and then almost immediately ran into DP resistance. This was a perfect example of the “Gap DP trade” that I talk about a lot. Yes, for those of you who are looking at the “larger degree trend”, this was also at 15min DP resistance, so was a perfect sell setup.

The 3min ES then declined into the lower DP where the STF was “strong”, so users should have swapped to the ATRStop. This held the short trade for a nice +4.3R Profit (ignoring slippage and commission) But not only was this a good, and profitable trade, it would have helped you avoid the “standard” TS2 buy that appeared on the 3mon YM while this 3min ES trade was in force.... Thanks Steve PS, I know that you are going to enjoy this Blog, as it will give me free reign to show you all the kind of setups, that I (the developer) use the software to find....