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....
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....
