Tuesday, 20 April 2010

TS4 Buy nails the low


OK, now we know that after lunch the larger degree tend was up, we could have taken the TS4 buy at 14:00EST on the 3min NQ with confidence (even if the STF was red)...............

As you can see, this nailed the corrective low (to the bar !) just before the NQ shot off higher. The STF was strong as the first profit target was reached, so you should have swapped to the ATRStop. This held the long trade into the close for a massive +9.9R Profit (ignoring slippage and commission) !

Yesterday was another perfect example of why I want you to all become “more advanced” traders and as such be able to “read” the charts, with this brilliant trade as well as another great trade on the 3min Russell Index. The NQ would have given you a massive +9.9R Profit add that to the +10.4R Profit on the ES yesterday and you have back to back +10R Profits each day over the last two days using Advanced Analysis............... This is the true power of MTPredictor and why, once you understand how to use it properly, you will see how it is one of the most powerful software programs around.....

Thanks, Steve