OK, now let’s take a look at the 3min Chart. Here we can see how we got an automatic TS3 buy setup at what we would consider the Wave (2) low. As I have already outlined, we then “aim” for the Typical Wave 3 WPT as the target, not to nearer Wave C targets.
Also, please note, that because the Wave (2) correction happens very early in the new trend, this type of setups will nearly always be against the STF colour.
As you can see, the NQ did indeed rally to the Typical Wave 3 WPT, in fact this nailed the blow off top perfectly ! The results was a lovely +8.3R Profit (ignoring slippage and commission).
What a brilliant trade and what a brilliant day in the US e-minis for MTPredictor yesterday !!
Thanks, Steve
Also, please note, that because the Wave (2) correction happens very early in the new trend, this type of setups will nearly always be against the STF colour.
As you can see, the NQ did indeed rally to the Typical Wave 3 WPT, in fact this nailed the blow off top perfectly ! The results was a lovely +8.3R Profit (ignoring slippage and commission).
What a brilliant trade and what a brilliant day in the US e-minis for MTPredictor yesterday !!
Thanks, Steve
