OK, now we knew the larger degree (15min) trend was down, let’s look at the 3min chart. Here we got an “initial decline”, so the trick was now to look for an “abc correction” to then look for a short. This is exactly what happened, when we got a lovely TS4 sell. Yes we did have one -1R loss first, but once the high completed (at the Typical Wave C WPT), then the Russell collapsed.............
As soon as the first target was reached, the STF was strong, so traders should have swapped to the ATRStop. This held the short trade into the close where a massive +18R Profit (ignoring slippage and commission) was available !
Absolutely amazing !!
But seriously, all the Advanced Traders among you should have nailed this trade, as it is one I teach regularly, and I detailed just one day ago, so this should have been fresh in your minds.....
Trades like this is the main reason why I designed MTPredictor in the first place, many years ago, so I hope you are all making the most of such massive Profits as these
Thanks, Steve
As soon as the first target was reached, the STF was strong, so traders should have swapped to the ATRStop. This held the short trade into the close where a massive +18R Profit (ignoring slippage and commission) was available !
Absolutely amazing !!
But seriously, all the Advanced Traders among you should have nailed this trade, as it is one I teach regularly, and I detailed just one day ago, so this should have been fresh in your minds.....
Trades like this is the main reason why I designed MTPredictor in the first place, many years ago, so I hope you are all making the most of such massive Profits as these
Thanks, Steve
