5min DP sell nails the high of the day !

OK, as we have already seen, as the 15min ES was at DP resistance it was OK to look for DP sells on the shorter time frames (even if there are “against” the STF colour). And guess what – the 5min ES chart gave us a DP sell at the very high of the day ! Yes there was a -1R loss before this 5min DP sell as the 3min ES give a 3min DP sell just before, but then you should all have been following the 5min charts as well, so re-entered on the 5min Charts.

As an Advanced Trader and knowing that the “larger degree” trend was down, should you have been looking to come out at the first target, or look to run the short trade further ?

Exactly, the ATRStop was a good choice as that enabled the short trade to run as the ES declined for most of the day. The end Result as a nice +5.2R Profit (ignoring slippage).

But what has amazed me over the last few days is how well the DP’s have been working on the 15min Chart, and as such have enabled us to maximise trades on the shorter time frames. The results have been brilliant - it is always a great feeling to be long or short form the very bar of the high or low of the day – as that is the very best any day trader can do !

Thanks, Steve

15min DP nails the turn – yet again !!

Hi Everybody,

We have been following the DP on the 15min Charts for the last few days now, and we have seen what an amazing job it has done, nailing most turns in the market for us. Well, yesterday was no exception, with the high of the day coming in at DP resistance on the 15min ES chart.......... Seriously people, I something think that many of you do not fully appreciate how amazing this is. To have a piece of software that is capable of nail turns this accurately and this often is absolutely amazing, and just shows how good the tools in the MTPredictor software are !

Anyway, knowing that the 15min ES was at DP resistance you should have move down to the lower time frames, so let’s see what unfolded on the 5min ES in the next post.

Thanks, Steve

15min DP support nails the low !

Hi Everybody,

As you have already seen, we had my “favourite setup” as the TS3 buy that unfolded on the 3min ES., But how did you know to look for a trade that was “against” the STF colour. Well, again, it all comes down to the “larger degree” trend. So let’s take a look at the 15min ES chart.

Here you can see that the ES found support at the 15min DP and was staring to rally. This set the “larger degree” trend to up, and as such alerted all the Advanced Traders among you to start to favour the long side of the market. Hence the TS3 buy setup on the 3min Chart

Thanks, Steve

Elliott waves and DP’s nails the turns

Hi Everybody.

I could not resist sharing this chart of the 3min NQ with you all............. As you can see, MTPredictor with its Elliott Wave module and DP tool managed to nail virtually every high and low in the market yesterday.

I find that absolutely amazing, and just shows how brilliant the tools that you all have in the software really are !

Thanks, Steve

DP and VSA nails high ...

There were also a number of other good Advanced setups yesterday. The one I liked was the high that unfolded at 14:15EST on the 5min Chart. As you can see, this was a high volume (VSA) spike that unfolded at DP resistance. This nailed the corrective high to take advantage as the ES declined into the close.

For those of you who also follow more “standard” indicators, this high unfolded on a classic Stochastic divergence as well. This added weight to the DP/VSA sell setup.

As you can see, MTPredictor has the tools that will take your trading to the next level.

Thanks, Steve

5min DP nails high !

OK, let’s now take a look at the 5min chart. Here you can see how the 5min ES reversed with a red (sell) reversal bar that nailed the very high of the day for you. Advanced Traders could have take a short trade off this high. The target would have been the opposing DP support zone for a nice +4.4R Profit (ignoring slippage and commission).

Yes, the DP’s don’t work this well all the time (no analysis technique does), but when they do they allow you to enter trades with a small controlled risk, to then make profits that are larger than the losses, and that is the key to successful trading.......

Thanks, Steve

15min DP’s – amazing !

Hi Everybody,

I hope you were all flowing this blog yesterday where I looked at the 15min ES and showed how the DP nailed the low of the day on Friday for you. Well, just look where the 15min ES put in a high yesterday – right at DP resistance. I still find it absolutely amazing how the markets reverse at these levels !!

OK, not we had this reversal nailed, how could have the Advanced Traders among you made use of it ?

Let’s turn down to the 5min chart in the next post

Thanks, Steve

5min DP buy nails the low !

OK, as we have already seen, because the 15min Charts was at DP support, the Advanced Traders among you should have been looking for automatic buy setups. As you can see, this DP buy on the 5min ES nailed the low of the day perfectly !!

The ES then rallied nicely to reach the first projected Profit target, where a nice +3.5R Profit was available (ignoring slippage and commission).

But do you all see how this DP buy was OK to consider, even though the STF was red, because it was also at 15min (larger degree) DP support as well......

Thanks, Steve

15 Charts for larger degree trend....

Hi Everybody,

Friday was another good example of why all the Advanced Traders among you should always keep an eye on DP (and WPT) support and resistance areas on the 15min Chart./ Here we can see that the DP on the 15min ES nailed the low of the day beautifully. This set the “larger degree” trend to up. As such, not only should you have then be focusing on buy setups, but this also gave you permission to look for shorter-term buys as the 15min DP low was coming in...........

For this let’s look at the ES 5 min chart in the next post.

Thanks, Steve

15min trend on the NQ

Hi Everybody,

We have already seen on the 3min NQ charts Standard Traders would have made money overall, but it would have been nice to avoid the losing trades yesterday, so let’s take a look at the 15min Chart to see whether that was possible.

Well, as you can see, “at the time” of the first 2 -1R sell setups the 15min NQ chart was on the way UP form a Wave (4) low into a Wave (5) high, so both these sells were “against” the 15min UP trend so could have been avoided by the Advanced Trader. But the TSD3 buy was “with” this 15min up trend so could have been taken., In fact, it could have been run slightly further, increasing its profits a bit.

Then the last buy was “after” the 15min Wave (5) high so again was “against” the new down trend should could have been avoided.

So, in this example, by using the 15min trend, the 3 losing trades could have been avoided and the one winner could have been made larger.....

I have to say, that using the 15min Charts is not this clear all the time (I wish it was), but when there is a clear and obvious picture, then the Advanced Traders should make use of it....

Thanks, Steve

15min trend anticipates the 3min DP sell

OK, as we have seen, the 15min TF was at DP resistance, so when this automatic DP sell came up on the 3min Chart, it was OK for the Advanced Traders among you to consider. This nailed the high of the day for you !

The Russell then declined nicely to reach the first project Profit target. At this level, although the STF was strong (beyond the strength band), we had a high volume (VSA) spike. Taking into considering how larger the profit was at this level (+10R), it would have been a good idea to look to protect this profit. This nailed the low beautifully !

The result was a massive +10R Profit (ignoring slippage and commission).

But what amazed me was how well the DP nailed the turns and as such enable you to capture such a huge profit. The Tools in MTPredictor are amazing sometimes....

Thanks, Steve

15min trend anticipates the 3min DP sell

Here is another perfect example, this time on the Russell Index (TF).

As we can see from the 15min TF charts, after the Russell had rallied off the DP low (which nails the low perfectly !), it reached a DP resistance level. So, knowing that the 15min Chart was at a DP resistance zone, and as such a high was possible. You were then OK to look for any sell signals on the 3min Chart.

So let’s now take a look at the 3min Russell and see what unfolded at this high............

Thanks, Steve

15min trend

Hi Everybody,

As we have already seen, there were a few losing trades on the 3min ES chart yesterday, but could these have been avoided ? Well this is where the 15min trend comes in.

As you will all have read in the Trading Course, the STF does a good job of the “larger degree trend” most of the time,. BUT (like all indicators) it is lagging in and around turns in the market. This when we use the DP’s and WPT’s. DP’s and WPT’s are “leading” indicators so they can be on the charts “before” the market even gets there, and as such can nail turns in the market beautifully.

Here we can see that the low on the 15min ES chart was nailed perfectly by the DP. This then set the 15min trend to up, therefore helping avoid the two losing 3min sells in the morning.......

Thanks, Steve

Absolutely amazing !!

Hi Everybody,

This was a trade I was following myself yesterday on the 3min FTSE, and shows the true power of MTPredictor.

Here we had a high on the 3min FTSE, where we had a “larger degree” Wave C, of which the Wave C swing “subdivided in a lesser 5 waves”. This is text book Elliott. Then the high unfolded at the coincidence of the DP and the Typical Wave C WPT – absolutely perfect.

I had the “initial target” at the DP low, and the FTSDE dropped straight into this level for a massive +10R Profit (ignoring slippage and commission).

It still amazes me how well this stuff works, once you truly understand what you are looking for, and shows the true power of MTPredictor once you become and experienced trader – Amazing !!

Thanks, Steve

My favourite setup

Hi Everybody,

Sorry for not posting for a few days, but I have been away on a well needed vacation.........

As we have seen in the Standard Blog, the 3min ES gave us a brilliant +10.4R Profit (ignoring slippage and commission), but it was against the red STF, so I would like to take a look at this now.

As I have explained many times before, because this trade catches the “first correction” against the “first swing” off an “important low”, it is very often “against” the STF (I cover this in the Trading Course as well). But as you can see, because we are catching the very end of the Wave (2) correction, we are looking to play the Wave (3) swing. And because Wave (3) is usually the strongest and longest swing, this setup represents the highest profit potential.

This is why this is my favourite trade and one I look for all the time.............

Thanks, Steve

DP nails the low !

Hi Everybody,

Friday was another example of the “Gap Open” play that I was talking about in my last post. As you can see, yet again the DP nailed the low just a few bars after the open off which a strong rally occurred. The only difference this time was that the gap was “closed” when the automatic TS3 sell came in, so this time it was a good idea to look to close the trade at the automatic signal. This was not the case the last time.

As you can see, this resulted in a nice +5R Profit (ignoring slippage and commission). Add that to all the other automatic trades that unfolded on Friday and Friday was a very good day indeed....

Thanks, Steve