Hi Everybody,
OK, now we know to look for an abc pattern on the rally into the 13:00 EST high. It was a pity it did not unfold on the 3min chart, but a lovely TS1 sell did unfold on the 2min Chart. After a false start for -1R, we then nailed the high as a strong Wave 3 decline unfolded (exactly as we were anticipating !).
The result was a lovely +7.6R Profit (ignoring slippage and commission) at the Typical Wave 3 WPT.
Every time I see this pattern unfold I am amazed, and I cannot believe how well it works. This trade was the main reason I designed MTPredictor in the first place !
Thanks, Steve
OK, now we know to look for an abc pattern on the rally into the 13:00 EST high. It was a pity it did not unfold on the 3min chart, but a lovely TS1 sell did unfold on the 2min Chart. After a false start for -1R, we then nailed the high as a strong Wave 3 decline unfolded (exactly as we were anticipating !).
The result was a lovely +7.6R Profit (ignoring slippage and commission) at the Typical Wave 3 WPT.
Every time I see this pattern unfold I am amazed, and I cannot believe how well it works. This trade was the main reason I designed MTPredictor in the first place !
Thanks, Steve
