OK, now we have seen that the 15min ES had declined into the Typical Wave 3 on the 15min Chart, we can use this to help trade management on the 5min chart. As you can see, at about the same time, the 5min ES had reached the Typical; Wave 3 WPT. Again, this was a “likely area” were a low would come in...........
Combining the two support zones would have meant that is would have been “sensible” to look to lock in the + 8.4R Profit (ignoring slippage and commission).
What a brilliant day, and a brilliant example of how all the tools in MTPredictor came together to help you nail and then mange this trade. Over +8R Profit is a massive trade and one that shows the true power of MTPredictor.
Thanks, Steve
Combining the two support zones would have meant that is would have been “sensible” to look to lock in the + 8.4R Profit (ignoring slippage and commission).
What a brilliant day, and a brilliant example of how all the tools in MTPredictor came together to help you nail and then mange this trade. Over +8R Profit is a massive trade and one that shows the true power of MTPredictor.
Thanks, Steve
