As we knew that the 15min trend was down, we could have been looking for any other short trade as well. For example the TS3 short on the 3min Russell that appeared around lunch time.
As we knew that the larger degree, 15min, trend was down, it was a good idea to look to run the short trade as far as possible, even using the ATRStop earlier that we normally do......... The result was a lovely +8R Profit (ignoring slippage and commission) as the short was held all afternoon as the decline continued.
Today’s posts have been a good example of what is possible with MTPredictor once you become more experienced. The tools in MTPredictor are amazing, so I do hope that you all take the time, make the effort to learn how to use them to their full potential.
Thanks, Steve
As we knew that the larger degree, 15min, trend was down, it was a good idea to look to run the short trade as far as possible, even using the ATRStop earlier that we normally do......... The result was a lovely +8R Profit (ignoring slippage and commission) as the short was held all afternoon as the decline continued.
Today’s posts have been a good example of what is possible with MTPredictor once you become more experienced. The tools in MTPredictor are amazing, so I do hope that you all take the time, make the effort to learn how to use them to their full potential.
Thanks, Steve
